fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for GBP/JPY  Tue Jan 07, 2014 11:01 am | |
|  Technical Analysis for GBP/JPY The pair attempted to return above the broken ascending channel support but failed to hold above it and remains resistance at 171.75 supported by MA 50. In general, we wait for more confirmations for the next intraday move with the breach of 171.75-90 resistance area or 170.00 support; a breach above the resistance will push the pair toward 174.80 while the break below the support will turn the short-term trend to the downside. Support: 171.00, 170.00, 169.40, 168.85, 168.30 Resistance: 171.75, 172.10, 172.95, 173.85, 174.80 Recommendation We remain neutral now waiting for more confirmations | |
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