Technical analytics

GPBJPY market technical outlook

GBPJPY

Daily chart:

Corrective upswing is testing the strong pivot-zone 136.27-136.60, which has a potential for triggering downward reversal. However the structure doesn’t have a direct short-signal so far, therefore the quotes might get support at 135.00.

H1-chart:

Local downward structure is forming a corrective bullish swing, which supposedly will be cut at 135.80-135.90. Thus an intraday tactics today could be shorts from this zone in direction of support 135.31.

 

Growth to 135.80-135.90, then decline to 135.31.

Trading recommendations:

Shorts from 135.80-135.90 to 135.31.

 

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