empty
 
 
26.06.2014 04:50 PM
Daily analysis of GBP/JPY for June 26, 2014

This image is no longer relevant

Overview

The 4H chart shows that the pair failed more than once to break the Support level of 172.75 and is still trading above it since yesterday. As we see, the pair bounced from the Support area again and started to take a slightly upward move approaching the Resistance level of 173.50. Currently, it is prefered to wait till closing above this Resistance level before making the decision. In this case we will get more bullish signals with the first target few pips below the next Resistance level of 174.00 then 174.40 as the second target. But closing below the Resistance level of 173.50 cancels the bullish move scenario.

Resistance and support levels: R3 (174.40), R2 (174.00), R1 (173.50), S1 (172.75), S2 (172.00), S3 (171.50).

Summary
Urgency
Analytic
InstaForex Analyst
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 $6000 more!
    In December we raffle $6000 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