empty
 
 
02.04.2019 05:54 PM
Elliott wave analysis of GBP/JPY for April 2, 2019

This image is no longer relevant

We are looking for guidance of the next larger move. As the trend remains up, we do favor a break above resistance at 146.51 for more upside pressure towards 148.50 and 151.50.

That said, key-support at 143.82 will need to protect the downside to keep the bias towards the upside. An unexpected break below 143.82 will shift our focus towards the downside and a move closer to 141.00.

R3: 146.95

R2: 146.50

R1: 145.68

Pivot: 145.20

S1: 144.83

S2: 144.51

S3: 143.82

Trading recommendation:

We will buy GBP at 144.45 or upon a break above 146.51 and place our stop at 143.70.

Summary
Urgency
Analytic
Torben Melsted
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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 $10000 more!
    In January we raffle $10000 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
  • 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