GBPJPY intraday technical analysis - 22/02/2019

GBPJPY

144.372/144.381

SUMMARY

Up

TREND

Upward penetration

MA10

Bullish

MA20

Bullish

STOCHASTIC

Neutral

MARKET ANALYSIS

Upwards scenario: Our next resistance level is placed at 145.03 (R1). Break here would open route towards to higher target at 145.55 (R2) and any further price advance would then be limited to 145.10 (R3).
Downwards scenario: On the other hand, depreciation below the support level at 144.21 (S1) could establish correction phase towards to our interim target at 143.64 (S2). Final support today locates at 143.10 (S3).

Resistance levels: 145.03 , 145.55 , 145.10

Support levels: 144.21 , 143.64 , 143.10