fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for GBP/JPY Tue Jan 21, 2014 1:31 pm | |
| Technical Analysis for GBP/JPY The pair kick-started the session with upside movement, to breach the descending channel resistance after stabilizing below it yesterday. We will remain neutral for now to confirm the next move as we have conflicting signals from the support offered by the MA 50 & 100 and the negativity on Stochastic that is trading in overbought areas. The levels to observe today are 170.75 support and 171.95 resistance. Support: 171.25, 170.75, 170.00, 169.50, 168.85 Resistance: 171.95, 172.30, 173.00, 173.85, 174.80 | |
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