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GBP/JPY analysis


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We analyzed the d1 chart of GBPJPY with Moving average, Alligator and trend line to capture the market’s range and act upon the analysis we have still sell signal available in the market and to the sellers the entry point is at 147.76 and the closing point is at 146.71.

 

gbpjpy-d1-instaforex-group.png

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  • 1 month later...

The pound to yen fell again during the day on Friday in the Japanese yen terms, as we reached towards a significant support area in the form of ¥146 and uptrend line. At this point, I think that we are trying to build up enough momentum to bounce, but I also recognize how precarious the situation could be.

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