Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast British Pound / Japanese Yen technical chart
Symbol GBPJPY

Download MT4 template file

Trading suggestion:

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

DateSat, 01/05/2019 - 23:36
Currentdowntrend
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

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

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 131.46 on 01/03/2019, so more gains to resistance(s) 139.45 and maximum to Major Resistance (140.05) 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 33.

Supports and Resistances:

  1. 195.85
  2. 180.40
  3. 174.80
  4. 170.00
  5. 162.45
  6. 158.40
  7. 156.60
  8. 154.70
  9. 152.80
  10. 151.95
  11. 150.70
  12. 148.45
  13. 146.95
  14. 145.25
  15. 143.95
  16. 139.45
  17. 135.60
  18. 129.60
  19. 125.50
  20. 116.80
Click on the level to view price action history.