Sunday 8 November 2015

Forex Technical Analysis of GBPJPY for November 09, 2015

Support - S1 : 184.257 | S2 : 183.142 | S3 : 182.365
Resistance - R1 : 186.149 | R2 : 186.926 | R3 : 188.041
Main Trend - Bullish
Intraday Trend - Bullish

On 4H chart of forex technical analysis, you can observe that price moves between EMA(50) and EMA(200) which have upward crossed between them. Is very clear that the price moves within a channel. Also moves within the lower channel of 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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