GBP/JPY Technical Analysis & Daily Chart

The pair is currently volatile, but we believe it holds the potential for further growth.

Technical Analysis
28 ستمبر، 2017
GBP/JPY Technical Analysis & Daily Chart

Today we would take a look at the GBP/JPY currency pair.

In general, we forecast that today the pair will be moving upwards. However, the situation is a bit more complicated, and even the RSI indicator cannot give us a definitive signal. The GBP/JPY is expected to shift upwards and remain above its support levels.

Our pivot point for today is located at 150.70. If the pair managed to overcome it and stay above, then we can hope for further growth in the price. If the GBP/JPY struggles and drops back down, then we have to take a more bearish outlook for the pair. Bear in mind the important support and resistance levels for the pair today: supports are located at 150.35, 149.95, 149.15, while the nearby resistances lie at 151.80, 152.25, and 153.00.

For now the best approach would be to place buy orders, with an S/L at 150.70 and a T/P at 151.80. If the opposite scenario comes to fruition, then we need to go short and place our target at 150.35.

As of the moment of this article’s publication the GBP/JPY pair is trading above the pivot point, at 150.75.

SuperForex
USD/CAD Technical Analysis

Technical Analysis

USD/CAD Technical Analysis

SuperForex
28 ستمبر، 2017
EUR/SGD: Fundamental Review & Forecast

Technical Analysis

EUR/SGD: Fundamental Review & Forecast

The results from the elections in Germany negatively iimpacted the EUR, though it still has a potential for stabilizing.

SuperForex
27 ستمبر، 2017
USD/JPY Technical Outlook & Daily Chart

Technical Analysis

USD/JPY Technical Outlook & Daily Chart

The USD/JPY is ahead of 113 after breaking up from 111.

SuperForex
26 ستمبر، 2017