As updated in our daily review yesterday, all pairs managed to break their important resistances. Lets take the case of GBPJPY first. It broke through strong resistance at 149.2 and went up to 149.8. As i write, it is making a retrace and will go near 149.2 before it starts going up. The resistance points would be 150 first, then the previous high of 151.5 where again some retrace should happen. If both these are broken, then next target would be 155.5.
As seen from the chart, supports are at 149.2 and 148.4.
No comments:
Post a Comment