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August 6, 2014

GBP/JPY Daily forex post- US session August 6, 2014

Posted by: ffs @ 13:49 GMT Category: Daily Forex,GBP/JPY,Signals

GBP/JPY Technical view

Updated:  August 6, 2014 13:49:19 GMT
SPOT GBP/JPY Previous day OHLC
Open High Low Close Change
172.94 173.49 172.73 173.15 0.25
Today's Support and Resistance
R3 174.00
R2 173.60
R1 173.30
S1 172.70
S2 172.30
S3 171.00

Sterling came off the session lows and was seen holding near key trendlines at 172.30 yen. The trend remains bullish as long as the pair does not settle below the supports. Look for the gains to extend to 173.30- 173.60 in the near term

Trend direction

  • Short term: Bullish
  • Medium term: Bullish
  • Long term: Bullish

Trading Recommendations

  • Short:

    • N/A
  • Long:

    • Long the pair at 172.30 with stops at 172.00 for targets of 173.50 * * Current market price- 172.45
Post ID: 9753
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