For Traders

Analytical Reviews

Technical analysis

24.07.201716:35 Forex Analysis & Reviews: Daily analysis of GBP/JPY for July 25, 2017

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Overview

GBP/JPY is trading with the overall bearish bias. The pair is heading for 144.00 that is the first target of the recent downward trend. Importantly, the continuation of the negative pressure will allow the price to surpass the current target, so that we expect the pair to move towards the 55 moving average around 143.50. The consolidation of stochastic within the oversold areas reinforces the negative overview for the near term and medium term. This eases the attempt of breaking the initial barrier and the pair can reach the previously mentioned target. The expected trading range for today is between 145.35 and 143.50

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.