JPY/GBP - Japanese Yen British Pound

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Mar 14, 2016 7:13AM ET

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The USDJPY had another indecisive movement last week, formed another Doji on weekly chart (For more details visit my profile). The bias is neutral in nearest term probably with a little bullish bias testing 114.50. A clear break and daily close above that area would keep the double bottom bullish scenario remains strong targeting 116.00 area. Immediate support is seen around 113.30. A clear break below that area could trigger further bearish pressure testing 112.65 area.

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Feb 29, 2016 3:51AM ET

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The GBPUSD was corrected higher yesterday topped at 1.3996. The bias is neutral in nearest term. Immediate support is seen around 1.3920. A clear break below that area could trigger further bearish pressure testing 1.3880/50 region. Immediate resistance is seen around 1.4000. (Visit my profile to get more details) A clear break above that area could trigger further bullish pullback testing 1.4080 which is a good place to sell with a tight stop loss.

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Jan 13, 2016 3:13AM ET

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sell jpy/gbp

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