GBPJPY Is Bullish | Free Forex Signals | Currency Trading

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Today we are sharing GBP/JPY Currency Trading Signals

SUMMARY:

The primary trend of GBP/JPY is bullish on charts but from past few trading sessions prices are not sustaining at higher levels. In its hourly chart, prices are consolidating with strong negative bias to give break out at downside. 30 DMA is also providing resistance to the prices & supporting the further downtrend. The pair is taking support of an important level at 187.65. If it breaks its support level of 187.65 & sustains below it we can expect it to come down to the levels of 187.05/186.50  in next few days.

RECOMMENDATION : SELL 

TARGET 186.50

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GBP/JPY ( HOURLY )

GBPJPY Chart Today

INDICATORS:-

In MACD
MACD line has recently breached the zero line ,supporting the down side movement in the market.

STRATEGY:- 

GBP/JPY is looking bearish on charts for next few session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

WEEKLY LEVELS :-

	S2	S1	R1	R2
EUR/USD	1.1013	1.1233	1.1570	1.1687
GBP/USD	1.5218	1.5470	1.5895	1.6068
USD/JPY	118.05	118.67	120.10	120.91
USD/CHF	0.8920	0.9040	0.9319	0.9478
AUD/USD	0.7738	0.7888	0.8176	0.8314
EUR/GBP	0.7070	0.7175	0.7334	0.7388
USD/CAD	1.1801	1.1907	1.2132	1.2251
NZD/USD	0.7206	0.7340	0.7586	0.7698

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