GBPJPY
Thursday's EURO news pushed the pound pairs up and the lackluster effect of the USD's NFP (positive NFP values), shows that a lot of traders and investors are looking forward if the Fed would be increasing rates or not. Currently, the pair is playing between the 186.10/186.25 and the 185.40/185.60 DP. We might see the pair testing both DPs and move either up/down depending on which DP it might break. IMHO, the pair is looking to be a bit bullish for now.
For Bulls:
Break of the current DP (186.10/186.25) and we target 186.60/186.80 DP further upside would mean bulls are riding the momentum from the last week's news and we might see 188 area again.
For Bears:
Currently, the pair is consolidating in the 186.10/186.25 DP. The pair might meet a slightly heavy resistance at the 185.40/185.60 area (due to last Friday's DP). Breaking this area would mean that the bears are ready to take control and we could target the next DP 185.10/185.30 area.
Current Areas To Consider (Decision Points [DP]):
188.10/188.30
187.60/187.80
187.30/187.40
186.60/186.80
186.10/186.25
185.40/185.60
185.10/185.30
184.60/184.75
184.10/184.30
183.50/183.70
GBPJPY [2015.12.04] Profile
Daily Pivot | 185.76 |
Daily Support and Resistance
R1 186.42
R2 186.88
R3 187.54
R4 188.00
S1 185.30
S2 184.64
S3 184.18
S4 183.52
GBPJPY [11/30 - 12/04] Profile
Weekly Pivot (2015.11.30 - 2015.12.04)| 185.38 |
Daily Support and Resistance
R1 186.80
R2 187.66
R3 189.08
R4 189.94
S1 184.52
S2 183.10
S3 182.24
S4 180.82
