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August 12, 2014

GBP/JPY Daily forex post- US session August 12, 2014

Posted by: ffs @ 13:11 GMT Category: Daily Forex,GBP/JPY,Signals

GBP/JPY Technical view

Updated:  August 13, 2014 1:48:01 GMT
SPOT GBP/JPY Previous day OHLC
Open High Low Close Change
171.23 171.61 171.16 171.50 0.41
Today's Support and Resistance
Resistance
Support
R3 173.50
R2 172.00
R1 171.80
S1 171.30
S2 171.00
S3 169.70

Sterling is edging lower versus the yen, holding near key trendline supports at 171.00- 171.30. Close below and the declines should extend to 169.50- 169.70. However, if the pair manages to settle above the supports in the day's session, the gains should extend to 173.50

Trend direction

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

Trading Recommendations

  • Short:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
  • Long:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
Post ID: 9824
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