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Weekly forecast British Pound / Japanese Yen technical chart
Symbol GBPJPY

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 15, 2020 - 18:34
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 135.650 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A peak is formed in daily chart at 144.95 on 02/21/2020, so more losses to support(s) 130.40, 126.65, 125.50 and more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 28.

Supports and Resistances:

  1. 149.50
  2. 146.50
  3. 143.70
  4. 137.65
  5. 135.65
  6. 116.80
Click on the level to view price action history.