Technical analysis of GBP/JPY for April 11, 2018 888011000 110888 All upside targets which we predicted in previous analysis have been hit. GBP/JPY is anticipated to trade with a bullish outlook. The set has tape-recorded a process of greater tops and higher bottom given that April 9, which verifies a favorable outlook. In addition, the rates aretrading within a bullish channel. The relative strength index is bullish and requires a more advance. Therefore, above 150.95, search for a brand-new rise with targets at 152.45 and 153 in extension.Chart Description: The black line shows the pivot point. Presently, the cost is above the pivot point which is a signal for long positions. It will show short positions if it stays listed below the pivot point. The red lines show theassistance levels, while the green line suggests the resistance levels. These levels can be used to enter and leave trades. Resistance levels: 152.45, 153, and 153.75.Assistance levels: 150.60, 150, and 149.30. The product has been offered by InstaForex Business

By | April 11, 2018

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