Time 9:00 AM GMT

GBPJPY

The Pair moves inside uptrend in medium term and traded now around level 135.21 which represent as horizontal resistance level on the medium term which by breaking it up and continuing above it will support the continuing the uptrend and will target levels 136.22 then 137.76  as first targets in the uptrend and the RSI indicator shows by bounced up from level 50 the increasing of the probability of continuing the uptrend and the stochastic oscillator shows by bouncing down from level 50 the increasing of the probability of bouncing down around the current levels to correct before continuing the uptrend

Resistance levels

135.21, 136.32, 137.76, 138.69

Support levels       

133.44, 130.81, 128.04, 126.70

 

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