You are here: Home > articles > Forex > GBP/JPY technical levels and trading recommendations for July 10, 2013
GBP/JPY technical levels and trading recommendations for July 10, 2013
July 11, 2013 8:13 amVideo
Latest News
- Analysis of EUR/USD on May 8th. Euro aims for the 1.5 figure May 8, 2024
- Analysis of GBP/USD on May 8th. The pound hits an important level May 8, 2024
- USD/JPY: Simple Trading tips for novice traders on May 8th (US session) May 8, 2024
- GBP/USD: Simple trading tips for novice traders on May 8th (US session) May 8, 2024
- EUR/USD: Simple trading tips for novice traders on May 8th (US session) May 8, 2024
- Trading Signals for CRUDE OIL (WIT) for May 8-15, 2024: buy above $78.12 (21 SMA – 2/8 Murray) May 8, 2024
- GBP/USD: trading plan for the US session on May 8th (analysis of morning deals). The pound was bought in the area of 1.2471 May 8, 2024
- EUR/USD: trading plan for the US session on May 8th (analysis of morning deals). No statistics, no movement May 8, 2024
- EUR/USD. May 8th. The market continues to rest against the background of an empty calendar May 8, 2024
- Technical Analysis – USDCAD enjoys renewed strength May 8, 2024
- Technical Analysis – US 500 index advances towards all-time high May 8, 2024
- GBP/USD. May 8th. The pound does not expect a rate cut by the Bank of England May 8, 2024
- Video market update for May 08, 2024 May 8, 2024
- Technical Analysis – EURJPY flirts with 167.00 again May 8, 2024
- Technical Analysis – WTI oil futures restart downtrend May 8, 2024
- Forex forecast 05/08/2024: EUR/USD, Oil, Gold and SP500 from Sebastian Seliga May 8, 2024
- Technical Analysis – GBPUSD pulls back after testing 50-day SMA May 8, 2024
- Market Comment – US dollar recovers, stocks’ rally stalls as market tries to find its footing May 8, 2024
- USD/JPY: trading tips for beginners for European session on May 8 May 8, 2024
- Weekly Technical Outlook: 08/05/2024 – USDJPY, GBPUSD, USDCAD May 8, 2024
Overview
As it was expected yesterday, the price’s closing 4H below the support level of 150.00 would give a new opportunity for more bearish signals, today and as shown, the price has already broken 150.00 and now is trading below the support level of 149.35 and closing below this level again may give us more sell signals till the price tests the support level of 148.85, so we can consider our first target few pips above this support level then 148.50 as the second level. But we should wait for breaking 148.85 and closing 4H below before making a decision. But the price’s closing above the support level of 149.35 cancels the bearish move scenario.
Resistance and support levels: R3 (152.00) R2 (150.80) R1 (150.00) S1 (149.35) S2 (148.85) S3 (148.50)
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: