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.

GBP/JPY: Moving Averages acted as support

GBP/JPY: Moving Averages acted as support

Information is not investment advice

The Moving Averages have acted as support, so there's a bullish 'Thorn' pattern. In this case, the pair is likely going to test the nearest resistance at 147.80 - 148.56, which means we could have a new local high soon. If any bearish pattern forms next, there'll be time for a downward correction towards the closest support at 145.98.

13-3-2019-GBP-JPY-H4.png

Similar

Popular

AUD/USD looks weak

AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.

Choose your payment system

Learn more