Source: PaxForex Premium Analytics Portal, Technical Insight
GBP/JPY posts a third straight day of losses, rounding the corner to 185.00.
Pivot: 185.24
Analysis:
As long as the price is above 184.50 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 185.24
- Take profit 1: 188.50
- Take Profit 2: 190.00
Alternative scenario:
If the level of 184.50 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 184.50
- Take profit 1: 183.00
- Take profit 2: 181.00
Comment:
RSI indicates the potential for an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 191.50 | 184.50 |
| 190.00 | 183.00 |
| 188.50 | 181.00 |
