You are here: Home > articles > Forex > GBP/JPY technical levels and trading recommendations for July 05, 2013
GBP/JPY technical levels and trading recommendations for July 05, 2013
July 5, 2013 2:45 pmVideo
Latest News
- Video market update for April 30, 2024 April 30, 2024
- Analysis of the EUR/USD pair on April 30, 2024 April 30, 2024
- Analysis of the GBP/USD pair on April 30th. Last chance for the dollar April 30, 2024
- GBP/USD: Simple trading tips for novice traders for April 30th (US session) April 30, 2024
- EUR/USD: Simple trading tips for novice traders for April 30th (US session) April 30, 2024
- GBP/USD: trading plan for the US session on April 30th (analysis of morning deals). The pound is kept within the side channel April 30, 2024
- Could Monday’s intervention turn the tide for the yen? – Special Report April 30, 2024
- EUR/USD: trading plan for the US session on April 30th (analysis of morning deals). The euro is trying to end the month on April 30, 2024
- Trading Signals for Bitcoin (BTC/USD) for April 30 – May 7, 2024: sell below $62,500 (21 SMA – 4/8 Murray) April 30, 2024
- Trading Signals for Ethereum (ETH/USD) for April 30 – May 7, 2024: sell below $3,177 (21 SMA – 1/8 Murray) April 30, 2024
- Technical Analysis – Is US 100 setting course for new record highs? April 30, 2024
- EUR/USD. April 30th. Sellers await weak inflation data in the EU April 30, 2024
- GBP/USD. April 30th. Bulls continue to attack, but American reports could help the bears April 30, 2024
- Besides yen pairs, neutral volatility across the board ahead of Fed and NFP – Volatility Watch April 30, 2024
- Market Comment – Dollar rebounds, yen off highs after suspected intervention April 30, 2024
- Technical Analysis – Will AUDUSD exit the range again? April 30, 2024
- Technical Analysis – EURJPY seeks calmness after roller coaster day April 30, 2024
- Forex forecast 04/30/2024: EUR/USD, GBP/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 30, 2024
- USD/JPY: trading tips for beginners for European session on April 30 April 30, 2024
- GBP/USD: trading tips for beginners for European session on April 30 April 30, 2024
Overview
From the today’s H4 chart and as it was expected yesterday, the pair took a new bullish signals after closing 4H below the resistance level 150.80 after it has been tested yesterday. Today the pair rapidly reversed its downward movement after hitting the Support level 149.35 to bounce from it and take a slightly upward move. Currently, the price is trading below the resistance level 150.80. More bullish signals are still expected in case of closing above this Resistance level with first target few pips below the Resistance level 152.00, hence we should wait for more confirmations before making the decision.
Resistance and support levels: R3 (153.15) R2 (152.40) R1 (152.00), S1 (150.80), S2 (150.00), S3 (149.35).
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: