Source: PaxForex Premium Analytics Portal, Technical Insight
The GBP/JPY pair is currently trading at the 190.86 level in Tuesday's session, with a modest decrease.
Pivot: 190.65
Analysis:
As long as the price is above 186.00 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 190.65
- Take profit 1: 192.00
- Take Profit 2: 194.00
Alternative scenario:
If the level of 186.00 is broken-down , follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 186.00
- Take profit 1: 184.00
- Take profit 2: 183.00
Comment:
RSI indicates the potential for an uptrend in the medium term.
Key levels:
Resistance | Support |
196.00 | 186.00 |
194.00 | 184.00 |
192.00 | 183.00 |