fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for GBP/JPY  Tue Jul 02, 2013 11:25 am | |
|  Technical Analysis for GBP/JPY The GBP/JPY pair is attempting to breach the solid resistance barrier at 151.90 as we expect the continuation of the uptrend, based on the bullish channel above. Expected targets begin at 151.90 and the pair has to reside above 148.95 to confirm our expectation. Support: 150.95, 150.15, 149.65, 148.85, 147.65 Resistance: 151.90, 152.40, 153.15, 153.75, 154.65 Recommendation Based on the analysis above, we recommend buying the pair above 151.90, targeting 153.15 and 154.65 and stop-loss below 150.90. | |
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