GBP/JPY Weekly Technical Report 24-28/6/2013
ecPulse
2013-06-24 07:50AM UTC
The GBPJPY pair bounced last week, after testing the key ascending support around 147.90 level, the pair extended the rebound towards the 50-days SMA and the descending resistance for the latest bearish correctional wave. Accordingly, a confirmation of further upside is needed now, and will be by breaking the aforementioned resistance levels around 152.25-152.500 area.
** Short term ( Less than three months)
** Chart is based on GMT+2 timing
Notes:
*if price reaches more than 80% of target before triggering entry, signal is canceled and not valid anymore.
*Allow for +,- 5 points margin
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