Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
GBP/JPY: 34 Moving Average acted as resistance

GBP/JPY: 34 Moving Average acted as resistance

Information is not investment advice

The 34 Moving Average has acted as resistance, so there's a bearish 'Thorn' pattern, which pushed the market lower. Also, we've got a bearish 'Flag', so the pair is likely going to test the nearest support at 137.34 - 136.43. If a pullback from this area happens next, bulls will probably try to reach the closest resistance at 138.13 - 139.42.

29-5-2019-GBP-JPY-H4.png

Similar

Popular

How to trade WTI oil

WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.

Choose your payment system

Learn more