empty
 
 
09.05.2018 12:32 PM
Daily analysis of GBP/JPY for May 09, 2018

This image is no longer relevant

Overview

The GBP/JPY pair confirmed the domination of the bullish bias by forming a new positive trend and its stability above the bullish channel's support at 146.90. Stochastic's rally to 50 level assists to provide the required positive momentum, to confirm the positive continuation that might push the price to achieve extra targets by reaching 148.90 and 150.80. Note that suffering extra negative pressures and attempt to reach below the main current support, so that will increase the chance to change the main trend and begin building negative trading to suffer big losses that might begin from 146.25 and 145.30. The expected trading range for today is between 147.40 and 148.90

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