Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/JPY trading inside a strong pivot area
2019-11-11 • Updated
GBP/JPY is currently facing a dynamic support around the 200 SMA at H1 chart and trades inside a demand zone established by our Fibonacci projections. The 65% level still holds and it can serve as pivot to send the pair to higher levels across the board, with a first target placed at October 25th highs, around 151.36, ahead of the -23.6% level at 152.18.
RSI indicator remains in the negative territory.
What happened? Japanese shares fell on Monday…
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
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