GBPJPY intraday technical analysis - 29/06/2017

GBPJPY

1.29573 / 1.29583

SUMMARY

Up

TREND

Up trend

MA10

Bullish

MA20

Bullish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Next barrier on the upside lie at 146.36 (R1). Surpassing of this level might enable our initial target at 147.05 (R2) and any further gains would then be limited to last resistive structure at 147.75 (R3).
Downwards scenario: Penetration below the support at 145.61 (S1) is liable to put more downward pressure on the instrument in the near-term perspective. As a result our supportive means at 144.85 (S2) and 144.12 (S3) might be triggered.

Resistance levels: 146.36 , 147.05 , 147.75

Support levels: 145.61 , 144.85 , 144.12