fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for GBP/JPY Mon Sep 09, 2013 9:19 am | |
| Technical Analysis for GBP/JPY The GBP/JPY pair maintained stability above 154.60 and rebounded to the upside, approaching targets around 156.75. That helped the pair to continue trading within the bullish channel as we will maintain our positive expectations over intraday and short-term trends. Targets extend to 160.00. Support: 155.45, 155.00, 154.60, 153.90, 153.00 Resistance: 156.00, 156.70, 157.00, 157.40, 158.00 Recommendation Based on the analysis above, we recommend buying the pair above 154.60, targeting 155.45 and 156.75 and stop-loss with 4-hour closing below 153.90. | |
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