You are here: Home > articles > Forex > GBP/JPY technical levels and trading recommendations for June 6, 2013
GBP/JPY technical levels and trading recommendations for June 6, 2013
June 6, 2013 3:15 pmVideo
Latest News
- Analysis of GBP/USD pair on May 28, 2024 May 28, 2024
- EUR/USD: What could stop the growth of the euro? A hypothesis May 28, 2024
- Inflation expectations in eurozone downgraded May 28, 2024
- Trading Signals for BITCOIN (BTC/USD) for May 28-30, 2024: sell below $69,000 (21 SMA – 200 EMA) May 28, 2024
- Technical Analysis – EURUSD sets sight on 1.0900 handle May 28, 2024
- GBP/USD: Simple trading tips for novice traders on May 28th (US Session) May 28, 2024
- EUR/USD: Simple trading tips for novice traders on May 28th (US session) May 28, 2024
- GBP/USD: trading plan for the US session on May 28th (analysis of morning deals). The pound hit a new monthly high May 28, 2024
- EUR/USD: trading plan for the US session on May 28th (analysis of morning deals) May 28, 2024
- USD/JPY: trading tips for beginners for European session on May 28 May 28, 2024
- Forex forecast 05/28/2024: EUR/USD, USD/JPY, Gold, Ethereum and Bitcoin from Sebastian Seliga May 28, 2024
- EUR/USD. May 28th. The bulls intend to reach the level of 1.1000 May 28, 2024
- Trading plan for EUR/USD on May 28. Simple tips for beginners May 28, 2024
- GBP/USD. May 28th. The pound sees no reason to stop at its current level May 28, 2024
- USD/JPY: Simple trading tips for novice traders on May 28th. Analysis of yesterday’s forex transactions May 28, 2024
- Video market update for May 28, 2024 May 28, 2024
- GBP/USD: Simple trading tips for novice traders on May 28th. Analysis of yesterday’s forex transactions May 28, 2024
- EUR/USD: Simple trading tips for novice traders on May 28th. Analysis of yesterday’s forex transactions May 28, 2024
- Low volatility across the board besides Bitcoin – Volatility Watch May 28, 2024
- Technical Analysis – EURCHF pulls back from 14-month peak May 28, 2024
Overview
As it was expected yesterday, the pair would reverse its downward move taking an upward move due to the Support area consists of the downward trend line with the Support level 152.50. Today and as shown from the H4 chart, the pair bounced from the Support area and currently is approaching the Resistance level 153.85 trying to break it through to continue its bullish move which means more buy-signals. There we should wait till the price closes above the Resistance level 153.85 before making the decision to have a bullish signals with the first target few pips below the next Resistance level 154.75 then 155.40 as the second target. But closing below the Resistance level 153.85 cancels the bullish move scenario.
Resistance and support levels: R3 (155.40) R2 (154.50) R1 (153.85), S1 (152.50), S2 (152.00)
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: