GBPJPY - This week's technicals & trade strategy
Last week’s signals for GBPJPY were bullish and these were confirmed with initial gains of over 2 Big Figs and a fresh over 1 ½ year high on Thursday at 154.59. However, sellers have returned to the market on Friday, sentiment deteriorating to end a sequence of higher daily lows. The pullback may be temporary profit taking, but signals have weakened and the outlook for this week is bearish and the call is to sell on the open and then at 154.37, Friday’s opening trade with a stop loss at 156.25. Targets are to 152.32, Wednesday’s open, 151.06, the 50 day average rate and 150.19, this year’s base.
3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.