Source: PaxForex Premium Analytics Portal, Technical Insight
GBP/JPY climbs back into positive territory after Japanese wage data misses estimates.
Pivot: 194.23
Analysis:
As long as the price is above 190.00 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 194.23
- Take profit 1: 197.00
- Take Profit 2: 199.00
Alternative scenario:
If the level of 190.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 190.00
- Take profit 1: 189.00
- Take profit 2: 188.00
Comment:
RSI indicates the potential for an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 200.00 | 190.00 |
| 199.00 | 189.00 |
| 197.00 | 188.00 |
