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eltonmorningstar

The GBPJPY is approaching Resistance level

Long
British Pound / Japanese Yen (CAPITALCOM:GBPJPY)  
eltonmorningstar Updated   
CAPITALCOM:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators Wave Analysis GBPJPY
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trendanalysis indicator waveanalysis gbpjpy
Generally, the GBPJPY repeats the negative closings. No change to the GBPJPY pair’s bearish track by consolidating below 158.60 level that forms additional barrier against the bearish trades, also, the major indicators provide the negative momentum to increase the efficiency of the bearish track, to expect targeting 154.40 followed by 153.20 levels soon. However in lower timeframe, the GBPJPY is approaching Resistance level and a week high of 157.3240, supported by Upward sloping Moving Average that gives us a quick longing opportunity.
Trade closed: target reached:
The GBPJPY hits target
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