Support - S1 : 185.354 | S2 : 184.670 | S3 : 184.227
Resistance - R1 : 186.481 | R2 : 186.924 | R3 : 187.608
Main Trend - Bullish
Intraday Trend - Bullish
Applying the rules of forex technical analysis and analyzing the 4H chart for the exchange rate GBPJPY easily observe that the price after a triple local bottom proceeds to an upward reaction. Price remain above EMA(50) and EMA(200) and also move within the upper 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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Resistance - R1 : 186.481 | R2 : 186.924 | R3 : 187.608
Main Trend - Bullish
Intraday Trend - Bullish
Applying the rules of forex technical analysis and analyzing the 4H chart for the exchange rate GBPJPY easily observe that the price after a triple local bottom proceeds to an upward reaction. Price remain above EMA(50) and EMA(200) and also move within the upper 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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