Technical analysis of GBP/JPY for April 20, 2018 888011000 110888 GBP/JPY is under pressure and expected to continue the disadvantage motion. The upward capacity is most likely to be restricted by the resistance at 151.70. The decreasing 50-period moving average is playing a resistance role. The relative strength index is below its neutrality level at 50. Below 151.70, look for another decrease with targets at 150.65 and 150.00 in extension.Chart Explanation: The black line reveals the pivot point. Presently, the cost is above the pivot point which is a signal for long positions. If it stays listed below the pivot point, it will suggest short positions. The red lines reveal the assistance levels, while the green line indicates the resistance levels. These levels can be utilized to go into and exit trades.Resistance levels: 152.00, 152.60, and 153.15 Support levels: 150.65, 150.00, and 149.50. The product has actually been provided by InstaForex

By | April 20, 2018

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