Everyday analysis of GBP/JPY for February 13, 2018 888011000 110888 Summary The GBP/JPY set was affected by the strength of the moving average 55 around 151.00 level that forced the rate to form a clear negative crawl by consolidating around 150.00 level. This confirms the domination of the correctional bearish bias to keep our expectations to target 38.2%Fibonacci correction level at 148.50. We must note that additional unfavorable pressure may require the cost to resume the unfavorable actions by sinking listed below 148.25 level. So the pair is expected to move towards 146.60 level and deal with the extension of the historic assistance line that is displayed on the chart. The anticipated trading variety for today is in between 151.00 and 148.25 The material has actually been supplied by InstaForex Company-www.instaforex.com

By | February 13, 2018

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