fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for GBP/JPY Mon Jul 08, 2013 11:57 am | |
| Technical Analysis for GBP/JPY The GBP/JPY pair maintains a steady position above the bullish channel's support, pillaring potential positive trades in the upcoming stage. Targets begin by surpassing 151.90 then heading toward 156.75. The negativity of Stochastic may force the pair to fluctuate in a sideways manner, whereas breaking 149.90 will cease positive expectations. Support: 149.90, 149.25, 148.85, 147.65, 147.00 Resistance: 151.00, 151.50, 151.90, 152.40, 153.15 Recommendation Based on the analysis above, we recommend buying the pair above 149.90, targeting 151.90 and 153.15 and stop-loss with 4-hour closing below 149.10. | |
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