Forex: GBPJPY Pauses at Key Support – Where to From Here?

On Wednesday of last week, we looked at a potential top forming on the GBPJPY 4-hour chart. More specifically, the rising wedge suggested exhaustion from buyers and hinted at the idea of a bearish reversal.

Less than 24 hours later we had our break of wedge support.

As mentioned in the May 10th commentary, the first area of interest was 145.70.

As you can see from the chart, the pair bounced from this area between Friday and Monday, albeit temporarily.

The next support level mentioned in last Wednesday’s commentary was 143.70.

This area was reached during yesterday’s rather impressive flight to safety and is holding up so far today.

Daily Price Action
43836 Laburnum Sq Ashburn,
Virginia 20147
United States
(240) 778-3679

We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile: you can rely on us daily for the latest and relevant free weekly Pool draws, latest pool bankers for the weekend.

40cbm LPG Tank for sale contact 08066633677

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at

Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Konga Verified Blogger

Leave a Reply