Technical analysis of GBP/JPY for March 07, 2018 888011000 110888 Our disadvantage targets which we predicted in the previous analysis have actually been it as we forecasted. GBP/JPY is under pressure. The set broke and posted a pullback below its 20-period and 50-period moving averages. The relative strength index bearish, calling for a further drop. The selling pressure need to be maintained above the key resistance at 147.65. As long as this essential level is not exceeded, look for an additional drop with targets at 145.95 and 145.40 in extension. If the rate relocations in the instructions opposite to the projection, a long position is advised to be above 146.50 with the targetat 147.45. Method: SELL, Stop loss at 147.65, Take revenue at 145.95 Chart Explanation: The black line shows the pivot point. The rate above the pivot point indicates long positions; and when it is listed below the pivot point, it suggests short positions. The red lines show the support levels, and the green line indicates the resistance levels. These levels can be used to go into and leave trades.Resistance levels: 148.00, 148.55, and 149 Assistance levels: 145.95, 145.40, and 144.60 The product has actually been offered by InstaForex

By | March 7, 2018

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