empty
 
 
11.11.2016 05:50 PM
Daily analysis of GBP/JPY for November 11, 2016

This image is no longer relevant

Overview

The GBP/JPY price ended its trading yesterday by breaching the resistance at 133.25, which confirms the continuation of the bullish correctional bias that would settle at 134. We expect the 133.25 level to hold as a new support level, so that the bullish rally would resume to 136.30 and then to the main resistance at 141.20. Stochastic rally to the overbought levels confirms our bullish suggestion, thus still providing the required positive momentum for the price movement to the suggested targets. The expected trading range for today is between 133.25 and 136.30.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback