GBP/JPY | British Pound to Japanese Yen Trading Analysis

GBP/JPY,D1


GBP/JPY,D1


Pivot: 151.27


Analysis:

While the price is below 153.44, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 151.27
  • Take Profit 1: 149.60
  • Take Profit 2: 146.60


Alternative scenario:

If the level 153.44 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 153.44
  • Take Profit 1: 156.53
  • Take Profit 2: 158.36


Comment:

RSI shows the development of a downtrend in the medium term.


Key levels:

Resistance --- Support

158.36 -------- 149.60

156.53 -------- 146.60

153.44 -------- 144.77

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