country flagالعربية
0
0

GBPJPY Technical analysis 18 July 2018

2018-07-18 11:08 am | Resource: Technical Analysis | No Views : 252

Time frame Used - four hours
GBPJPY is moving in a bearish direction in the near term
GBPJPY CHART
The bears managed to control the pair's GBPJPY to violated 147.65 level down to turn the trend to bearish in the near term
Look at technical indicators
The Relative Strength Index (RSI) indicating to decline of the indicator to downside
Accordingly, we expect that pair’s the GBPJPY will drop to levels of 146.15 - 146.05
The alternative scenario is that the GBPJPY breakout level of 147.65 higher to test the 148.50 level
Resistance: 147.65 - 148.50 - 149.12
Support: 146.78 - 146.17 - 145.50
Direction: Down
Technical Analysis
Forex Analysis
Bitcoin News
 


Other news

​Dollar mixed after retail sales data and Commerce Minister comments

The dollar was mixed against the major currencies in late-week trading on Friday after US retail sales data and comments by US Commerce Secretary Wilbur Ross said the country would conclude a trade deal with China "in all probability." Ross: China's potential trade deal will be reached Speaking to Fox Business, Ross noted that the two sides were actively discussing the deal and claimed that they were "too far" with…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.