RSS Technical Analysis of Daily Price Movement of GBP/JPY Cross Currency Pairs, Monday December 16, 2024.

Currently reading:
 RSS Technical Analysis of Daily Price Movement of GBP/JPY Cross Currency Pairs, Monday December 16, 2024.

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
6,211
Likes
1,916
Credits
32,784©
Cash
0$
analytics675fb39ced4d2.jpg


On the daily chart, the GBP/JPY cross currency pair price movement can be seen moving above MA 10 and inside the Bullish Pitchfork channel plus confirmation with the appearance of Fractal Bar between the GBP/JPY price movement and the RSI indicator (5) which indicates that the 3 Timeframes below it indicate a Bull RSI deviation, so based on the facts above, in the next few days GBP/JPY has the potential to strengthen and rise where as long as there is no significant weakening correction to break through and close below the 188.06 level, GBP/JPY has the potential to strengthen and rise to the 199.77 level and if momentum and volatility support it, 206.82 will be the next target.

(Disclaimer)

The material has been provided by InstaForex Company - www.instaforex.com
 
Status
Not open for further replies.
Tips

Similar threads

Replies
0
Views
18
Replies
0
Views
37
Top Bottom