1:46 PM · 19 December 2019

Technical alert: GBPJPY

Key support: 142.6, 141.5
Key resistance: 145.10

GBPJPY struggles with a long-term trendline from W1 interval today. Closing today’s daily candlestick above this hurdle could lead to a resumption of an upward move. However, a break below could see the market continue to decline towards the key support at 142.6. Failure to stop downward move there would pave the way towards the 141.50 handle.

GBPJPY D1 interval. Source: xStation5

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