Friday, 15 April 2016

Forex Technical Analysis of GBPJPY for October 26 (updated) - best forex trading platform south africa

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Forex Technical Analysis of GBPJPY for October 26 (updated) ~ best forex trading platform south africa


Support                              -   S1 : 185.398 | S2 : 184.792 | S3 : 184.347
Resistance                          -   R1 : 186.449 | R2 : 186.894 | R3 : 187.500
Main Trend                       -   Bullish
Intraday Trend                 -   Bullish

On 4H chart of forex technical analysis for the exchange rate GBPJPY, we observe that price moves above EMA(50) and EMA(200), which are ready to proceed in an upward cross. Is clear that price is at the lower channel of Andrew's Pitchfork.

Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:

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