Technical analysis of GBP/JPY for April 09, 2018 888011000 110888 GBP/JPY is anticipated to trade with a bullish outlook. The set stands firmly above its horizontal assistance at 150.60, and is anticipated to publish a brand-new rebound. Even though a consolidation can not be dismissed at the current phase, its level should be limited prior to a further advance to 151.60 and after that to 152.00. Finally, the relative strength index has simply broken above its neutrality location at 50, calling for a brand-new rise to 152.00.Chart Description: The black line shows the pivot point. Presently, the rate is above the pivot point which is a signal for long positions. If it remains below the pivot point, it will indicate short positions. The red lines show the assistance levels, while the green line indicates the resistance levels. These levels can be used to go into and exit trades.Resistance levels:151.60, 152, and 152.60.Assistance levels: 150.25, 149.85, and 149.The material has actually been supplied by InstaForex Business – www.instaforex.com

By | April 9, 2018

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