Forex Technical Analysis of GBPJPY for January 18 (updated) ~ forex trading platform open source
Support - S1 : 165.193 | S2 : 163.549 | S3 : 160.869
Resistance - R1 : 169.517 | R2 : 172.197 | R3 : 173.841
Main Trend - Bearish
Intraday Trend - Bearish
Applying all the rules of forex technical analysis for the exchange rate GBPJPY, we can observe the downward movement all these days and especially on Friday. EMA(50) and EMA(200) have a downward cross between them. The price is moving within the lower channel of Andrew's Pitchfork.
RSI indicator is at the oversold area when at the same moment there is a Bullish Harmonic Pattern.
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:
Read more »Resistance - R1 : 169.517 | R2 : 172.197 | R3 : 173.841
Main Trend - Bearish
Intraday Trend - Bearish
Applying all the rules of forex technical analysis for the exchange rate GBPJPY, we can observe the downward movement all these days and especially on Friday. EMA(50) and EMA(200) have a downward cross between them. The price is moving within the lower channel of Andrew's Pitchfork.
RSI indicator is at the oversold area when at the same moment there is a Bullish Harmonic Pattern.
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:
More info for Forex Technical Analysis of GBPJPY for January 18 (updated) ~ forex trading platform open source:
