empty
 
 
19.10.2018 01:12 PM
GBP/JPY analysis for October 19, 2018

This image is no longer relevant

Recently, the GBP/JPY pair has been trading downwards. The price tested the level of 145.79. According to the H1 time – frame, I found that GBP/JPY in the bullish correction phase (bearish flag in creation), which is a sign that you should wait for confirmation before you sell. Watch for a potential breakout of the bearish flag pattern to confirm further downward continuation. Take profit level is set at the price of 145.83.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback