Source: PaxForex Premium Analytics Portal, Technical Insight
GBP/JPY: is targeting 154.75.
GBP/JPY,D1
Pivot: 154.25
Analysis:
As long as price is above 147.06 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 154.25
- Take profit 1: 154.86
- Take Profit 2: 157.65
Alternative scenario:
If the level of 147.06 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 147.06
- Take profit 1: 143.49
- Take profit 2: 141.36
Comment:
RSI indicates the potential for uptrend in the medium term.
Key levels:
| Resistance | Support |
| 158.50 | 147.06 |
| 157.65 | 143.49 |
| 154.86 | 141.36 |
