GBPJPY intraday technical analysis - 22/06/2018

GBPJPY

1.32714 / 1.32722

SUMMARY

Up

TREND

Upward penetration

MA10

Bullish

MA20

Bullish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Next resistive barrier on the upside is seen at 146.51 (R1). Penetration above that mark might trigger upside pressure and expose our next resistive mean at 147.07 (R2) on route towards to final target for today at 147.62 (R3).
Downwards scenario: Loss of initial support level at 145.85 (S1) would open road for a market decline towards to interim target at 145.23 (S2) and any further price weakening would then be limited to final aim at 144.58 (S3).

Resistance levels: 146.51 , 147.07 , 147.62

Support levels: 145.85 , 145.23 , 144.58