Elliott wave analysis of GBP/JPY for April 16, 2019

Trading 16 avr 2019 Donner votre avis

analytics5cb5f908ce2c4.png

After a nice run higher from 144.90 GBP/JPY is consolidating. We expect support near 145.95 will be able to protect the downside for renewed upside pressure, through minor resistance at 145.63 and more importantly a break above resistance at 147.00 that will call for a continuation towards 148.50 on the way towards 151.50.

R3: 147.00

R2: 146,63

R1: 146.30

Pivot: 145.95

S1: 145.63

S2: 145.30

S3: 144.90

Trading recommendation:

We are long GBP from 146.25 with our stop placed at 144.80.

The material has been provided by InstaForex Company - www.instaforex.com

Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /var/www/forex-winner.com/htdocs/wp-content/plugins/seo-facebook-comments/facebook/base_facebook.php on line 1039