Forex Technical Analysis of GBPJPY for January 25 (updated) ~ mini forex trading platforms
Support - S1 : 167.572 | S2 : 165.674 | S3 : 164.284
Resistance - R1 : 170.860 | R2 : 172.250 | R3 : 174.148
Main Trend - Bearish
Intraday Trend - Bullish
On 4H chart of forex technical analysis for the exchange rate GBPJPY, we can see that the price finds support at the lower line of Andrew's Pitchfork and proceed to an upward reaction up to 23.6% Fibonacci Retracement. The price closed above EMA(50) and remain within 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:
Read more »Resistance - R1 : 170.860 | R2 : 172.250 | R3 : 174.148
Main Trend - Bearish
Intraday Trend - Bullish
On 4H chart of forex technical analysis for the exchange rate GBPJPY, we can see that the price finds support at the lower line of Andrew's Pitchfork and proceed to an upward reaction up to 23.6% Fibonacci Retracement. The price closed above EMA(50) and remain within 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:
More info for Forex Technical Analysis of GBPJPY for January 25 (updated) ~ mini forex trading platforms:
