Source: PaxForex Premium Analytics Portal, Technical Insight
GBP/JPY jumps to levels near 184.00 as a dovish BoJ hammers the Yen..
Pivot: 181.63
Analysis:
As long as the price is below 186.00 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 181.63
- Take profit 1: 181.00
- Take Profit 2: 179.50
Alternative scenario:
If the level of 186.00 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 186.00
- Take profit 1: 188.50
- Take profit 2: 190.00
Comment:
RSI indicates the potential for a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 190.00 | 181.00 |
| 188.50 | 179.50 |
| 186.00 | 178.50 |
