Intraday Analysis from FXMarketAlerts.com
Receive FREE Weekly Strategies.Published at 05:40 (GMT) 04 May
4 May GBP/JPY Daily
05:40 GMT - Intraday trade stuck in consolidation with rejection from Wednesday's high of 130.75 exposing slight weakness and slippage below 129.45 support will expose stronger support at 129.02 and need to see clearance below latter to warrant stronger call towards downside. [W.T]
R5: 131.98 3 Apr high
R4: 131.80 * 20/25 Apr highs
R3: 130.84 30 Apr high
R2: 130.75 * 2 May high
R1: 130.45 3 May high
S1: 129.45 2 May low
S2: 129.02 * 1 May low
S3: 128.70 18 Apr low
S4: 127.50 17 Apr low
S5: 127.40 * Support line fr 6/3 low







