For Traders

Analytical Reviews

22.09.201717:49 Forex Analysis & Reviews: Daily analysis of GBP/JPY for September 22, 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

The GBP/JPY pair achieved the first upward target at 152.80 to form a good barrier against a new bullish attack. The pair is about to start some correctional trading as appears on the chart. Let me remind you that it is important to hold above 150.00 support to decrease the chances of suffering intraday losses and repeat the pressure on the mentioned barrier until finding the chance to record additional targets that start at 154.65. On the other hand, breaking the initial support will confirm forming a correctional bearish bias, so the pair can move towards 147.80 before achieving a new upward target. The expected trading range for today is between 150.80 and 152.80

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.