Source: PaxForex Premium Analytics Portal, Technical Insight
GBP/JPY takes a breather at the top end of stellar run.
Pivot: 206.19
Analysis:
As long as the price is above 201.00 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 206.19
- Take profit 1: 207.00
- Take Profit 2: 209.00
Alternative scenario:
If the level of 203.00 is broken-down , follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 203.00
- Take profit 1: 201.00
- Take profit 2: 199.00
Comment:
RSI indicates the potential for an uptrend in the medium term.
Key levels:
| Resistance | Support |
| 211.00 | 203.00 |
| 209.00 | 201.00 |
| 207.00 | 199.00 |
