GBPJPY rejects previous week´s lows

GBPJPY rejects previous week´s lows

Key Support: 150.40
Key Resistance: 151.40 – 15180 – 152.50

The GBPJPY has been rallying hard since the beginning of December 2020 and last week we got one of the few pullbacks in this rally. Price dipped 200 pips (-1.33%) and opened lower this Sunday.

Key Support: 150.40
Key Resistance: 151.40 – 15180 – 152.50

The GBPJPY has been rallying hard since the beginning of December 2020 and last week we got one of the few pullbacks in this rally. Price dipped 200 pips (-1.33%) and opened lower this Sunday.

We are targeting first the weekly pivot which confluences with the 50% retracement of the last bear move and the previous broken key level.

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Author : Orlando Gutierrez

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