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GBPUSD & GBPJPY
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GBPUSD & GBPJPY Technical Analysis

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Daily technical analysis based trade tips and ideas for forex GBPUSD & GBPJPY. Our report outlines clear and precise trade entry levels with profit targets and stop loss levels across a broad range of prices for the intraday. To gain an edge in the markets, successful professional traders need a daily trading plan and must be aware of important support and resistance levels. We ensure you are fully prepared to maximise profitable trading opportunities throughout each day, minimising your risk, maximising your profits and taking away the element of gambling.



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GBPUSD & GBPJPY - spot
GBPUSD reversed from a high just 6 pips from the next target of 1.3180/90. we wrote: Below 1.3100 risks a slide to support at 1.3065/60...
We bottomed 17 pips below.

GBPJPY we wrote: the October/September highs of 149.50/70 are the main challenge for bulls today.
We topped exactly here.
Today's Analysis
09 November 2018 Updated at 00:31am GMT
GBPUSD tests support at 1.3065/60. Below 1.3030 meets better support at 1.3000/1.2990. Longs need stops below 1.2960. A break lower targets 1.2935/30, perhaps as far as 1.2880/75.
Above 1.3120/30 is more positive & allows a recovery to towards 1.3180/90. On further gains look for 1.3235 & October high at 1.3255/58 then September high at 1.3290/97.

GBPJPY failure to beat targets 148.88/85 & 148.50/46. Minor support at 148.30/20 but below here look for a buying opportunity at 147.90/80, with stops below 147.60.
October/September highs of 149.50/70 are the main challenge for bulls today. A break above 149.85 is a buy signal therefore targeting 150.00, 150.20/30 & 150.70/80.
Chart
Technical Analysis GBPUSD & GBPJPY
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