Invest at least $250 in D2T to gain lifetime access to our VIP Signals
Get early access to Dash 2 Trade’s Presale. Buy the D2T token now
Existing community of 70,000+ traders
Unlocks access to the leading crypto trading analysis, signals and trading tools
As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more
World class development team backed by Quant developers and VC investors
GBPJPY Price Analysis – February 19
The GBPJPY cross increased to fresh monthly highs, within the mid-143.00 levels, in response to higher-than-expected UK consumer inflation data. The movement may then set the scene for the expansion of the recent positive momentum of the pair.
Key Levels
Resistance Levels: 148.66, 147.95, 144.60
Support Levels: 140.83, 135.49, 126.54
GBPJPY Long term Trend: Ranging
In a broader trend, an increase from the level of 126.54 may be either the third stage of the consolidation model from 122.75 (low) or the beginning of a fresh uptrend. In any case, a further rally is anticipated, while the support level of 139.31 is maintained, up to the barrier level of 148.66 / 150.00.
The reaction from there may indicate in which scenario it is. However, a steady breakthrough of the support level of 139.31 can weaken this scenario and alter the initially long-term neutral trend.
GBPJPY Short term Trend: Ranging
GBPJPY remains in volatile range trading while flat from the level at 144.60 in extension. On the other hand, a breakthrough of the level of 140.83 may approach a partial pullback from 126.54 to 144.66 at the levels of 139.31.
Meanwhile, overcoming the resistance level of 144.60 may lead to a stronger rebound to re-test the level at a high of 147.95.
Instrument: GBPJPY
Order: Buy
Entry price: 143.00
Stop: 142.00
Target: 144.60
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
