Elliott wave analysis of GBP/JPY for April 10, 2019
April 10, 2019 5:22 pm
We continue to look for a break above minor resistance at 145.77 and more importantly a break above resistance at 146.00 that confirms more upside pressure towards 148.50 on the way towards 151.50.
To shift the bias towards the downside a break below 144.90 is needed. Such a break will call for a decline to 143.79 and ultimately closer to 141.00 before the correction from 148.50 completes.
R3: 146.50
R2: 146.00
R1: 145.77
Pivot: 145.42
S1: 145.15
S2: 144.90
S3: 144.62
The material has been provided by InstaForex Company – www.instaforex.com
We continue to look for a break above minor resistance at 145.77 and more importantly a break above resistance at 146.00 that confirms more upside pressure towards 148.50 on the way towards 151.50.
To shift the bias towards the downside a break below 144.90 is needed. Such a break will call for a decline to 143.79 and ultimately closer to 141.00 before the correction from 148.50 completes.
R3: 146.50
R2: 146.00
R1: 145.77
Pivot: 145.42
S1: 145.15
S2: 144.90
S3: 144.62
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: