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Weekly forecast British Pound vs. 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.

DateSat, 01/12/2019 - 17:03
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:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI resistance #2 at 46 is not broken, the probability of price increase would be too low.
  • 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 43.

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.

Symbol Released Current Forecast
British Pound vs. Japanese Yen (GBPJPY) free Sat, 16 Mar 2019
British Pound vs. Japanese Yen (GBPJPY) free Sat, 9 Mar 2019
British Pound vs. Japanese Yen (GBPJPY) Sat, 2 Mar 2019
British Pound vs. Japanese Yen (GBPJPY) free Sat, 23 Feb 2019
British Pound vs. Japanese Yen (GBPJPY) Sat, 16 Feb 2019