GBP/JPY,D1
Pivot: 150.90
Analysis:
As long as price is above 149.14 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 150.90
- Take profit 1: 152.50
- Take Profit 2: 156.27
Alternative scenario:
If the level of 149.14 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 149.14
- Take profit 1: 145.74
- Take profit 2: 143.72
Comment:
RSI indicates the potential for uptrend in the medium term.
Key levels:
Resistance ---- Support
158.00 --------- 149.14
156.27 --------- 145.74
152.50 --------- 143.72
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