New York ,
Sydney ,
Tokyo ,
London ,

GBPJPY could form Double Bottom pattern

Image

The Sterling Pound (GBP) versus the Japanese Yen (JPY) bounced into lowest price of 145.93 since last March.

Technical Comment: GBPJPY is trading in today near the resistance line of 147.20, breaking above the resistance level will open the door to form a "double bottom" pattern to target 148.25 and 149.05.

Comment on the Previous Analysis: Targeted 149.50 - 150.05

Expected Daily Trend: Bullish above 147.20

 

Important Levels:

Support: 146.05 - 145.35 - 144.50

Resistance: 148.20 - 149.05 - 150.00

Risk Warning: Forex and CFDs are leveraged products which carry a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risk involved. You should ensure you understand all of the risks and seek independent advice if necessary.
COPYRIGHT© 2017 - True Forex Limited. ALL RIGHTS

Search