In this article, we would discuss short-term trends, key support resistances, and the key trend (short-term) changing levels of the pound based pairs based on one of our models. We expect these sets of information to come in handy to our readers,
- USD/JPY –
This pair is in a bear trend. The resistance and the trend changing level lay around 113. The support is not nearby. There is no critical support before 107. The pair is currently trading at 111.1
- EUR/JPY –
This pair just entered a short-term bear trend as it dipped below 0.865. The key resistance lies around 0.877 area. It is also the trend changing level. Next support for the pair is around 0.842 and the most vital lies around 0.835 area. The pair is currently trading at 0.866
- GBP/JPY –
This pair is in a short-term bear trend. Key resistance for the pair lay at 142.6 and at 144.5 area. 142.6 area is the trend changing level. The support lies around 137.2, a break of which could lead to larger decline. The pair is currently trading at 138.2
- AUD/JPY –
This pair is in a short-term bear trend as it cleared 86.9. It has also cleared a crucial support around 85.5. Key support lays around 84. The resistance and trend changing level lay at 86.2. The pair is currently trading at 85.1
- NZD/JPY –
This pair is in a short-term bear trend since it cleared 82. It has reaffirmed its bear trend by pushing below 81 area. However, it is now trading around another support; 78. The next support lays around 76 area. The trend changing level is around 79.3. Crucial resistance around 80.6 area The pair is currently trading around 78.
- CAD/JPY –
This pair is in a short-term bear trend since it cleared 85. The next support lays around 82 area and the critical support is around 80. The trend changing level is around 84. Crucial resistance around 85 area The pair is currently trading around 83.4.
Kindly note, due to heavy distortion in the franc during January 2015, this model can’t reliably predict right levels, hence we are avoiding all franc based pairs for this model.
