GBP/JPY Technical Analysis for Today

Technical Analysis :

GBP/JPY is having sideways secondary trend  on charts. In its hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias to give break out at downside. Its 30 and 200 DMA are also supporting the upcoming bearish trend in the pair. It is facing an important support at the level of 185.30. If it breaks its support level at downside then we can expect it show further bearish movement in the pair.

Indicators: 

MACD is sustaining in selling territory indicating the upcoming bearish trend in the pair.

Trading Strategy: GBP/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

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AUD/NZD Technical Analysis and Forex Strategy for Monday, April 13 2015

AUD/NZD

RECOMMENDATION : BUY TARGET 1.0340

SUMMARY:-

The major trend of AUD/NZD is bearish but from past few weeks prices are not sustaining at lower levels & consolidating near the important level of 1.0230. Prices are taking resistance of falling trendline & consolidating with strong positive bias. If the pair breaks the important level of 1.0230 at upside then we can expect it to test the level of 1.0300/1.0340.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. MACD is also sustaining above the zero line, indicating the up trend in the market.

Technical Chart

STRATEGY:- 

AUD/NZD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.