Technical analysis of GBP/JPY for March 09, 2018 888011000 110888 GBP/JPY is anticipated to trade with a bullish outlook. The pair is trading above both uprising 20-period and 50-period moving averages, which play resistance functions and keep the drawback bias. The relative strength index does not have downward momentum. To sum up, as long as 146.90 is support, search for a go back to 148. A break above this level would require a target at 0.8 (the low of March 5). If the price moves in the instructions opposite to the projection, a brief position is advised to be below 146.90 with the target at 148.00. Strategy: BUY, Stop loss at 146.90, Take revenue at 148.00 Chart Explanation: The black line reveals the pivot point. The cost above the pivot point shows long positions; and when it is below the pivot point, it indicates short positions. The red lines reveal the assistance levels, and the green lineindicates the resistance levels. These levels canbe used to leave and go into trades.Resistance levels: 148.00, 148.60, and 149.10 Assistance levels: 146.45, 145.75, and 145.00 The product has been supplied by InstaForex

By | March 9, 2018

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