PaxForex

Analysis of GBPJPY 11.10.2019

FX:GBPJPY   British Pound / Japanese Yen
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 134.65
• Take Profit Level: 135.65 (100 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 134.00
• Take Profit Level: 133.60 (40 pips)



USDJPY
A possible long position at the breakout of the level 108.15

GOLD
A possible short position in the breakdown of the level 1490.00

USDCHF
A possible short position in the breakdown of the level 0.9985

EURUSD
A possible short position in the breakdown of the level 1.1000

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