InstaForex - Analytics


696.00 6.50/10
61% of positive reviews

Daily analysis of GBP/JPY for August 25, 2015


Show full picture


According to the the shown H4 chart, Intraday bias in GBP/JPY is turned neutral as the cross drew support from 61.8% retracement of 174.86 to 195.86 at 182.88 and recovered. More sideway consolidations would now be seen. So far, price actions from 195.86 are viewed as a consolidation pattern and we will still expect strong support from 182.88 to contain downside. However, a sustained break of 182.88 will open up bearishness in the cross and will bring deeper fall to the 174.86 key support level.

Daily Pivots: (S1) 182.90; (P) 187.15; (R1) 191.07;

To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree