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GBPJPY Technical Analysis and Trade Idea

GBPJPY Technical Analysis and Trade Idea

Published: 05-21- 2018

GBPJPY is above the historical support 149.200.  As seen on the H4 Chart, Dragon is trading in the upper Bollinger Band.

The current level is 149.400. It is above EMA 100 and EMA 50. This confirms us the Bullish Movement.

149.600 and 150.000 are the first targets of the pair. EMA 200 resistance of the H4 Chart 150.400 can be tested today.

The bullish trend line confirms the higher levels as well.

Our Trade idea  is to Buy GBPJPY at 149.400 .

STOP LOSS: 148.500

TARGET 1: 150.000

TARGET 2: 150.350

You can follow the trade  idea:

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
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