GBP/JPY technical levels and trading recommendations for June 17, 2013
June 17, 2013 4:00 pm
Overview
As it was expected last week, more bullish signals would be expected in case closing above the Resistance level 148.75. Today and as shown from the H4 chart, the pair has already managed to break the Resistance level and close 4H above it. Currently the pair is approaching the Resistance level 150.00 trying to break it through to continue the upward move. More bullish signals would be expected in case of closing 4H above this Resistance level with first target few pips below the Resistance level 151.00 then 152.00 as the second target.
Resistance and support levels: R3 (151.00) R2 (150.00) R1 (148.75) S1 (147.50) S2 (147.00)
The material has been provided by InstaForex Company – www.instaforex.com
Overview
As it was expected last week, more bullish signals would be expected in case closing above the Resistance level 148.75. Today and as shown from the H4 chart, the pair has already managed to break the Resistance level and close 4H above it. Currently the pair is approaching the Resistance level 150.00 trying to break it through to continue the upward move. More bullish signals would be expected in case of closing 4H above this Resistance level with first target few pips below the Resistance level 151.00 then 152.00 as the second target.
Resistance and support levels: R3 (151.00) R2 (150.00) R1 (148.75) S1 (147.50) S2 (147.00)
The material has been provided by InstaForex Company – www.instaforex.com
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