ANALYSING FX:GBPJPY
The price dropped below the kumo and then broke the uptrend line. We get a signal confirming further downward movement. ADX line of DMI -0.34% indicator rises to 20 level and we should expect for a strong price movement. Pending orders for sell can be placed below the local 0.42% swing low. If the market drops below this level, we'll get an additional confirmation for a downtrend. Stop orders must be placed above 144.00 resistance level . Profit targets are at 139.00 and 136.00 support levels.
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