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Home >> Stock Forums >> GBP/JPY Daily Levels

GBP/JPY Daily Levels

DannyBly said: "Looking at the daily GBP/JPY we can see that we are trading close to support at the 38% fibonacci level and Senkou Span Line. We are bullishly trading above the Kumo (cloud) and we received a normal strenth buy signal when the Tenkan-Sen crossed above the Kijun-Sen from below [I]within the Kumo[/I]. The signal would have been stronger if the crossover had taken place above the Kumo. To the upside we have major resistance at the 50% retracement level, 216.63."