Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Key Resistance Levels: 150.000, 152.000, 154.000
Key Support Levels: 146.000, 144.000, 142.000
GBP/JPY Price Long-term Trend: Bullish
GBP/JPY is in an uptrend but currently faces rejection at level 153.00. The pound is falling after rejection at the recent high. The pound price has broken the 21-day SMA and it is approaching the 50-day SMA. A break below SMAs will accelerate the selling pressure. However, if price found support above the 50-day SMA, the pair will resume the uptrend.
Daily Chart Indicators Reading:
The currency pair has fallen to level 46 of the Relative Strength Index period 14. This indicates that the pair is in the downtrend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the previous trend.
GBP/JPY Medium-term Trend: Bullish
On the 4-hour chart, the pair is in a downtrend. The pound retested the level 151.00 to resume the downtrend. Meanwhile, on April 8, a downtrend; a retraced candle body tested the 618% Fibonacci retracement level. The retracement level indicates that the Yen will fall to level 1.618 Fibonacci extensions or level 149.57.
4-hour Chart Indicators Reading
The GBP/JPY pair is below the 40% range of the daily stochastic. The market is in a bearish momentum. The 21-day and 50-day SMAs are sloping downward indicating the downtrend.
General Outlook for GBP/JPY
The GBP/JPY pair is still likely to fall as it approaches the oversold region of the market. According to the Fibonacci tool, the currency pair will fall to level 1.618 Fibonacci extension or level 149.57. From the price action, the pound has fallen to level 149.80.
You can purchase crypto coins here: Buy Coins
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus