Daily analysis of GBP/JPY for February 03, 2013
February 3, 2014 1:45 pmVideo
Latest News
- EUR/USD. May 30th. Bears have taken the offensive. The euro is rapidly falling May 30, 2024
- Forecast of GBP/USD pair on May 30, 2024 May 30, 2024
- Midweek Technical Look – GBPUSD, EURJPY, Oil May 30, 2024
- Video market update for May 30, 2024 May 30, 2024
- Technical Analysis – Gold flirts with lower Bollinger band May 30, 2024
- Has the pound rally run its course? – Special Report May 30, 2024
- USD/JPY: trading tips for beginners for European session on May 30 May 30, 2024
- Technical Analysis – USDJPY reapproaches multi-year highs May 30, 2024
- Market Comment – Dollar rallies as market angst spreads May 30, 2024
- GBP/USD: trading tips for beginners for European session on May 30 May 30, 2024
- EUR/USD: trading tips for beginners for European session on May 30 May 30, 2024
- Technical Analysis – WTI crude oil erases gains below 80.00 May 30, 2024
- EUR/USD and GBP/USD: Technical analysis on May 30 May 30, 2024
- Trading plan for GBP/USD on May 30. Simple tips for beginners May 30, 2024
- Trading plan for EUR/USD on May 30. Simple tips for beginners May 30, 2024
- Technical Analysis of Intraday Price Movement of AUDCHF Cross Currency Pairs, Thursday May 30 2024. May 30, 2024
- Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday May 30 2024. May 30, 2024
- Forecast for EUR/USD on May 30, 2024 May 30, 2024
- Forecast for GBP/USD on May 30, 2024 May 30, 2024
- Forecast for AUD/USD on May 30, 2024 May 30, 2024
Overview
In today’s H4 chart, the pair failed to continue its bearish move and could not break the Support level of 166.00 and bounced from it to reverse its downward move taking an upward movement and managed to test the Resistance area of 167.00 then 167.75. Currently, the pair is approaching the Resistance area trying to break it through to continue the upward move. More bullish signals would be expected in case of closing 4H above this Resistance area with the first target few pips below the Resistance level of 168.50 then 169.50 as the second target.
Resistance and support levels: R3 (168.50), R2 (167.75), R1 (167.00), S1 (166.00), S2 (165.60), S3(165.00).
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: