Source: PaxForex Premium Analytics Portal, Technical Insight
The GBP/JPY is virtually unchanged during the North American session, with the pair consolidating within a tight 186.18/186.77 range on Tuesday.
Pivot: 186.56
Analysis:
As long as the price is above 183.00 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 186.56
- Take profit 1: 188.50
- Take Profit 2: 190.00
Alternative scenario:
If the level of 183.00 is broken-down , follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 183.00
- Take profit 1: 182.00
- Take profit 2: 181.00
Comment:
RSI indicates the potential for an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 191.00 | 183.00 |
| 190.00 | 182.00 |
| 188.50 | 181.00 |
