Intraday analysis of GBP/JPY for August 25, 2014

Intraday analysis of GBP/JPY for August 25, 2014

Posted on Aug 25, 2014 at 02:41 PM

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Intraday analysis of GBP/JPY for August 25, 2014 The pair has been able to close above 20DSma for the last 3 days. The pair is trading at the multi- resistance level at 172.64 above this, 172.95 (the 50.0 fib level), and 173. We expect the pair to touch 173.50 this week. A weekly close is above 173. The short-term strength will regain for the levels between 174.20 and 174.50. On the down side, it has support at 172.30 (100DSma) and 172.10 (20DSma). A daily close is below 172; it will fall down to the levels between 171.63 and 171. INTRADAY CMP The prices are closed and trading above the 12 ema and the &34 hrsma levels. In the current h4 candle, the pair is facing resistance at 172.66. Above this,it is only safe to buy for intraday basis. On the down side, it has support at 172.33, 172.10, and 171.75 levels. WWW.LOGINTRADER.COM


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