Source: PaxForex Premium Analytics Portal, Technical Insight
Kuroda, Bank of Japan: G7 sanctions are likely to have quite an impact on Russian finances.
GBP/JPY,D1
Pivot: 151.96
Analysis:
As long as price is below 153.59 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 151.96
- Take profit 1: 150.48
- Take Profit 2: 148.36
Alternative scenario:
If the level of 153.59 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 153.59
- Take profit 1: 157.88
- Take profit 2: 160.63
Comment:
RSI indicates the potential for a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 160.63 | 150.48 |
| 157.88 | 148.63 |
| 153.59 | 147.50 |
