Technical analysis by AMEGA - Opinion
Fundamental analysis: for the fifth month (since February), the currency pair GBPJPY is in a medium – term bearish trend-you need to be ready for a reversal. Of the main fundamental factors on the price is now affected by the procedure Brexit. Important economic news on England and Japan is not expected today.
Technical analysis: the long-term bearish trend that began in summer 2007 has not yet turned around, although it is close to it. Let's pay attention to the D1 chart - the Alligator's fall is revealed downwards, although the short-term trend is bullish-the situation is uncertain.
Trading recommendations: a reasonable solution is to wait for the development of the current market situation. Long positions - after the true breakout of the resistance level at 146.500. Cancellation of this option and, accordingly, short positions - with the breakdown of the level 144.500.
Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA
All financial markets on one platform. Buy and sell in one click
100% deposit bonuses, competitions with real prizes
Unlimited profits. Complete transparency. Flexible offers. Security
Free deposits / withdrawals
Over 200 payment systems. Account currency of your choice
ECN trading accounts. Deposit from 0 USD. Flexible leverage
Services you can trust
Best prices from the world banks. Client's funds on separate accounts
It’s recommended to try to have a short position near the control resistance zone 1.13742-1.13650 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.