TheBanker
Long

GBPJPY - FOREX MARKET ANALYSIS AND TRADING TIPS 29TH MARCH 2016

FX:GBPJPY   British Pound/Japanese Yen
SUMMARY:
The secondary trend of GBP/JPY             is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and is taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 164.10 and support at the level of 158.40. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.


INDICATORS:-

MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.


STRATEGY:
GBP/JPY             is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.



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hope.bleecker
8 months ago
Agree Long Term Bull...
Reply
MarlyForex
7 months ago
GBPJPY -- OUTLOOK MOST JPY SHOWING SIMILAR SETUPS!!
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