empty
 
 
27.09.2016 06:04 PM
Daily analysis of GBP/JPY for September 27, 2016

This image is no longer relevant

Overview

The GBPJPY pair has been trading sideways since yesterday and fluctuating around the 129.60 support. The pair is still forming a solid barrier against the recent negative attempts, thus the way for a new bullish rebound will remain open as long as this support line remains intact. The price is likely to attempt to reach 134.30 as the first positive target, followed by testing the 137.00 resistance. On the other hand, a decline below the current support will reinforce negative domination for the upcoming trading to start recording new negative targets by reaching 125.60 followed by 120.90 levels. The expected trading range for today is between 134.30 and 129.60.

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