Hello everyone,
GBPJPY 4H NEW FORECAST
In yesterday's trading, the pair's price resumed its upward momentum, moving away from the additional support centered near 194.40.
We notice its fluctuation near the first additional target represented by the level of 196.50. We point out that the continued presentation of the main indicators of positive momentum calls us to adhere to the upward bias. We expect the price to continue achieving additional gains, and we wait for it to reach 197.10 soon. Then, trading will extend towards achieving the next main stable target near 197.90.
Pivot Line : 195.85
Resistance Line : 196.50, 197.10 , 197.90
Support Line : 195.23, 194.40, 193.63
GBPJPY 4H NEW FORECAST
In yesterday's trading, the pair's price resumed its upward momentum, moving away from the additional support centered near 194.40.
We notice its fluctuation near the first additional target represented by the level of 196.50. We point out that the continued presentation of the main indicators of positive momentum calls us to adhere to the upward bias. We expect the price to continue achieving additional gains, and we wait for it to reach 197.10 soon. Then, trading will extend towards achieving the next main stable target near 197.90.
Pivot Line : 195.85
Resistance Line : 196.50, 197.10 , 197.90
Support Line : 195.23, 194.40, 193.63
