GBP/JPY technical levels and trading recommendations for June 25, 2013
June 25, 2013 4:00 pm
Overview
From today’s H4 chart, yesterday the pair failed to break the Support area 150.00-149.35 to reverse its bearish movement taking an upward move and managed to break the Resistance level 150.50 and currently is trading above its. Given that the pair continues its bullish movement and closes 4H above the Resistance level 151.50, it would be another opportunity for more bullish signals with first target few pips below the Resistance level 152.00, then we should wait for breaking above this Resistance level to get more bullish signals towards the Resistance level 152.70 as a second target.
Resistance and support levels: R3 (152.70) R2 (152.00) R1(151.50) S1 (150.50) S2 (150.00) S3 (149.35)
The material has been provided by InstaForex Company – www.instaforex.com
Overview
From today’s H4 chart, yesterday the pair failed to break the Support area 150.00-149.35 to reverse its bearish movement taking an upward move and managed to break the Resistance level 150.50 and currently is trading above its. Given that the pair continues its bullish movement and closes 4H above the Resistance level 151.50, it would be another opportunity for more bullish signals with first target few pips below the Resistance level 152.00, then we should wait for breaking above this Resistance level to get more bullish signals towards the Resistance level 152.70 as a second target.
Resistance and support levels: R3 (152.70) R2 (152.00) R1(151.50) S1 (150.50) S2 (150.00) S3 (149.35)
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: