Technical analysis of GBP/JPY for January 12, 2018 888011000 110888 GBP/JPY is expected to trade with a bullish predisposition above 150.85. Although the pair posted a pullback, an assistance base at 150.85 has actually formed and has allowed for a temporary stabilization. The relative strength index is blended. Therefore, as long as 150.85 is not broken, we are cautious with up targets at 152.10 and 152.60 in extension. If the cost moves in the instructions opposite to the projection, a brief position is suggested listed below 150.85 with the target at 150.45 Method: BUY, stop loss at 150.85, take earnings at 152.10 Chart Description: the black line reveals the pivot point. The price above the pivot point suggests long positions; and when it is below the pivot point, it indicates brief positions. The red lines reveal the support levels and the green lineshows the resistance levels. These levels can be utilized to get in and exit trades.Resistance levels: 152.10, 152.60, and 153.00. Support levels: 150.45, 150.15, and 149.60 The product has actually been provided by InstaForex Business-www.instaforex.com

By | January 12, 2018

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