Monday, 23 February 2015

GBP/JPY Forex Signals for Traders Tuesday, February 24 2015


 
GBP/JPY

SUMMARY : The primary trend of GBP/JPY is bullish, prices are sustaining on the higher levels & looking further bullish for the few upcoming sessions. The pair is taking resistance from falling trendline, consolidating & gaining strength to break it upside. Today if the pair breaks 184.20 & managed to sustain above it, then we can expect it to continue its ongoing trend & test the level of 184.87/185.20 in today's session. RSI is sustaining in buying territory supporting upside movement in the pair.
MACD line has recently break the zero line,indicating the up trend in the market.
 

STRATEGY :- GBP/JPY is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Technical Chart

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