Forex Technical Analysis of GBPJPY for November 30, 2015 | Forex Signals Market
Sunday, November 29, 2015

Forex Technical Analysis of GBPJPY for November 30, 2015

Support                             -   S1 : 184.168 | S2 : 183.667 | S3 : 183.100
Resistance                         -   R1 : 185.236 | R2 : 185.803 | R3 : 186.304
Main Trend                      -   Bearish
Intraday Trend                -   Bearish


On 4H chart of forex technical analysis for the exchange rate GBPJPY is very clear to notice that the price moves within the upper channel of Andrew's Pitchfork. Also, price remains below EMA(50) and EMA(200) which are ready to proceed to a downward cross.


Considering all the details from the charts of forex technical analysis, we can detect all critical levels and trading targets for H1 and H4 timeframes:

Forex Technical Analysis

4H Chart


The area 184.737  – 185.030   is a neutral zone.

Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 185.835, 186.389, 187.250.


Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 184.230, 183.700, 182.960, 182.500, 182.000, 181.160.


1H Chart


The area 184.665 – 184.781  is a neutral zone.

Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 185.210, 185.560, 185.760, 186.000, 186.370.


Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 184.448, 184.234, 183.970, 183.670, 183.370.


There is no Harmonic Pattern on forex technical analysis charts.

Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy. We note the need to use stop-loss levels.

You agree with our estimates? If you have another point of view, you can write your opinion in comments.

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