GBPJPY TECHNICAL ANALYSIS 24/6/2020


As GBP/JPY was the highest voted pair, here is the full analysis for this pair on 4H frame
GBPJPY based on uptrend line and HVN around 132.800
Price below key level around  134.000
price also below SMA 100 , SMA 200
RSI below 50
MACD shows decreasing of bullish momentum

first scenario : if price broken the key level around 134.000 and close above it  on 4h frame , it will confirm bullish movement to downtrend line and resistance level around 140.000 

second scenario : if price broken the uptrend line and close below it  on 4h frame ,it will confirm bearish  movement to support level 129.300 then to support level 2 around 124.000
R3: 140.000
R2: 137.500
R1: 136.000
Pivot: 134.000
S1: 131.800
S2: 129.300
S3: 124.000