Short term trend: Neutral
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 177.81
Kijun-Sen level: 177.66
Ichimoku cloud top: 177.67
Ichimoku cloud bottom: 177.81
- The GBP/JPY is trading between 178.50 and 177.13 for the past three trading session.
- It should break these levels for further trend confirmation. Break of 178.50 will target 179.15 and 180 in the short term.
- The 177 level is acting as short term support. Break will take GBPJPY to 176.60/175.90.
Recommendation: It is good to stay till further confirmation occurs
Published: 2014-09-29 15:15:00 UTC+00
Gbp/jpy Daily Outlook
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