Technical analysis of GBP/JPY for March 08, 2018 888011000 110888 GBP/JPY is anticipated to trade with a bullish outlook. The pair broke and published a rebound above its 20-period and 50-period moving averages. Additionally, the golden cross in between 20-period and 50-period moving averages has actually been recognized. The relative strength index is supported by a rising trend line. For this reason, as long as 146.70 is not broken, try to find an additional increase with targets at 148 and 148.50 in extension. If the rate relocations in the instructions opposite to the projection, a long position is recommended to be above 146.50 with the target at 147.45. Method: PURCHASE, Stop loss at 146.70, Take revenue at 148.00 Chart Description: The black line shows the pivot point. The cost above the pivot point indicates 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 canbe used to get in and leave trades.Resistance levels: 148.00, 148.50, and 149.10 Assistance levels: 146.20, 145.95, and 144.00 The product has actually been supplied by InstaForex

By | March 8, 2018

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