GBPJPY intraday technical analysis - 13/08/2018

GBPJPY

1.27565 / 1.27572

SUMMARY

Down

TREND

Down trend

MA10

Bearish

MA20

Bearish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Market sentiment remains negative, however clearance of our resistance at 141.17 (R1) could open way for an upside progress towards to next visible targets at 141.61 (R2) and 142.19 (R3).
Downwards scenario: Risk of further price depreciation is seen below the support level at 140.41 (S1). Loss here is required to enable our supportive barrier at 140.02 (S2) on route towards to final target for today at 139.63 (S3).

Resistance levels: 141.17 , 141.61 , 142.19

Support levels: 140.41 , 140.02 , 139.63