Technical analysis of GBP/JPY for February 12, 2018 888011000 110888 GBP/JPY is expected to trade with bearish outlook. The set is rebounding and is challenging the decreasing 50-period moving average, it is still topped by a falling pattern line given that February 6. Even though an extension of the technical rebound can not be eliminated, its degree ought to be limited. To summarize, listed below 151.10, search for a brand-new drop with targets at 148.90 and 147.80 in extension. If the price relocations in the instructions opposite to the forecast, a long position is advised to be above151.10 with the target at 152.10. Technique: OFFER, Stop loss at 151.10, Take earnings at 148.90 Chart Description: the black line shows the pivot point. The cost above the pivot point suggests long positions; and when it is below the pivot point, it shows short positions. The red lines reveal the support levels, and the green linesuggests the resistance levels. These levels canbe used to get in and exit trades.Resistance levels: 152.10, 152.75, and 153.20 Support levels: 148.90, 147.80, and 147.00. The material has actually been provided by InstaForex Business-www.instaforex.com

By | February 12, 2018

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