fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for GBP/JPY Mon Sep 02, 2013 10:26 am | |
| Technical Analysis for GBP/JPY The GBP/JPY pair breached 153.00 and is attempting to settle above it now, clearing the path for potential positive trades in the upcoming days. Targets of the proposed bullishness begins at 154.60 and extend toward 156.75. The Moving Average 50 is supporting that bullishness, which stands intact if the price resides above 152.40. Support: 153.00, 152.30, 151.95, 151.10, 150.30 Resistance: 153.45, 153.95, 154.35, 154.60, 155.00 Recommendation Based on the analysis above, we recommend buying the pair above 153.00, targeting 154.60 and 155.45 and stop-loss with 4-hour closing below 151.95. | |
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