empty
 
 
18.01.2017 04:46 PM
Daily analysis of GBP/JPY for January 18, 2017

This image is no longer relevant

Overview

The GBP/JPY pair surprised by strong bullish momentum that forced it to surpass 138.90 level yesterday. The price is attracted towards 38.2% Fibonacci expansion at 140.00. The bearish scenario depends on the stability of the barrier. The pair is making attempts to regain the bearish bias and to repeat the pressure on 137.40. Surpassing 140.00 will cancel the negative overview to resume the rally to target 141.40. First, the price is to reach the bearish channel's resistance at 142.70. The expected trading range for today is between 140.00 and 137.40

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