GBPJPY intraday technical analysis - 11/12/2018

GBPJPY

142.260/142.276

SUMMARY

Up

TREND

Upward penetration

MA10

Bullish

MA20

Bullish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: An element of resistive measures could be found at 142.69 (R1). Clearance here would suggest further price appreciation towards to our target at 143.44 (R2) on the hourly chart. Final resistance today locates at 144.15 (R3).
Downwards scenario: Break of support 141.84 (S1) is required to activate new step of downside extension. Our interim target is seen at 141.17 (S2), however price could reach last support at 140.50 (S3) later on today.

Resistance levels: 142.69 , 143.44 , 144.15

Support levels: 141.84 , 141.17 , 140.50