GBP/JPY technical levels and trading recommendations for June 19, 2013
June 19, 2013 4:15 pm
Overview
From the today’s H4 chart and as it was expected yesterday, the pair might take a new bullish signals in case of closing 4H above the Resistance level 148.75 after it was tested yesterday. Today the pair has tried more than once to break it through and currently the price is trading below the resistance level. More bullish signals are still expected in case of closing above this resistance level with first target few pips below the resistance level 150.00, hence we should wait for more confirmations before making the decision.
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
From the today’s H4 chart and as it was expected yesterday, the pair might take a new bullish signals in case of closing 4H above the Resistance level 148.75 after it was tested yesterday. Today the pair has tried more than once to break it through and currently the price is trading below the resistance level. More bullish signals are still expected in case of closing above this resistance level with first target few pips below the resistance level 150.00, hence we should wait for more confirmations before making the decision.
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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