country flagالعربية
0
0

GBPJPY Technical analysis 7 August 2018

2018-08-06 09:30 pm | Resource: Technical Analysis | No Views : 281

Time frame Used - four hours
GBPUSD is moving in a near term bearish direction
GBPJPY CHART
The bears managed to control the pair's GBPJPY to break level of  145.26 to down side to hit level of 144.04
In view of the technical indicators
The Relative Strength Index (RSI) refers to the arrival of indicators to the oversold area
  Therefore, we expect that pair's GBPJPY will  test level of 143.74 - 143.25 and then will rebound to the upside  in the corrective move to target the levels of 144.72 - 145.26
  The alternative scenario is that  GBPJPY violated levels of  143.25 downside  to target the 142.33 – 141.5  levels
   Resistance: 144.72 - 145.26 - 14648.12
Support: 143.74 - 143.25 - 142.33
Direction: Down
Technical Analysis
Forex Analysis
Bitcoin News


Other news

Dollar rose and the euro and the pound mixed during Tuesday's trading

The dollar traded higher while the euro and the pound traded in contrast to Trump's "constructive" talk of China as US President Donald Trump is expected to issue a "China-based statement" while speaking later Tuesday at the New York Economic Club, according to the report. Politico said, citing an unidentified source "familiar with Trump's remarks." For global investors, the main part of the US president's speech will be the details…

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.