Sunday 11 October 2015

Forex Technical Analysis of GBPJPY for October 12, 2015

Support - S1 : 183.859 | S2 : 183.449 | S3 : 182.955
Resistance - R1 : 184.763 | R2 : 185.257 | R3 : 185.667
Main Trend - Bullish
Intraday Trend - Bullish

At 4H chart, we observe the price move between EMA(50) and EMA(200) and also at the lower channel of an upward Andrew's Pitchfork.

Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:

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