SubscribeAfter a great bullish movement on the last week, I think GBPJPY is trying to reach the resistance level at 129.69 now. Then, if GBPJPY can break that resistance, GBPJPY may continue the bullish movement to the next resistance level at 130.53.
Thread: Gbp/Jpy
After a great bullish movement on the last week, I think GBPJPY is trying to reach the resistance level at 129.69 now. Then, if GBPJPY can break that resistance, GBPJPY may continue the bullish movement to the next resistance level at 130.53.
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The pair declined sharply yesterday to complete the formation of the double top shown above, especially after the breach of the neckline at 127.10. The pair is stable below the retest level of 125.65, providing more bearish signs that support the continuity of the downside movement today . Our main target is the retest level of 123.75. A breach of 125.65 might trigger a retest of the previously breached neckline at 127.10.
Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 125.65, targeting 124.70 and then 123.85 and stop loss with 4-hour closing above 126.65 might be appropriate
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The pair is still trading within the symmetrical triangle shown above, where the pair is closely approaching the head of the triangle. Trading is stable below 128.40 and that supports our expectations for the bearish move to continue today targeting areas of 127.10 then 125.65 and require stability below 129.05.
Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 128.40 targeting 127.10, 126.50 and stop loss with four-hour closing above 129.05 might be appropriate
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
hello all my dear friends !
The pair is still trading within the symmetrical triangle show ab obove, where the pair is the
closely approaching the head of te triangle. Trading is stable below 128.41 and that supports
our exectations for the bearish move to continue today targeting area of 127.11 then 125.66 and requre
stability below 129.06 .
Recommendation: Based on the charts and explanation above, our opinion is selling the
pair aroud 128.41 targeting 127.11 ,126.50 and stop loss with four - hour closing above 129.06 might be appropriate
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
ah15 (2018-11-19), FM1881 (2018-11-19), sajidhabib (2018-11-19), Unregistered (3), Younas007 (2018-11-19)
The pair is still trading within the symmetrical triangle shown above, where the pair is closely approaching the head of the triangle. Trading is stable below 128.40 and that supports our expectations for the bearish move to continue today targeting areas of 127.10 then 125.65 and require stability below 129.05.
Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 128.40 targeting 127.10, 126.50 and stop loss with four-hour closing above 129.05 might be appropriate
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Market setbacks have been very well supported on dips below 125.00 and we look for the formation of a fresh medium-term higher low around the psychological barrier ahead of the next major upside extension back towards and eventually through 140.00.
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GBP...JPY
techncal analysis gbp/jpy
this is a sensitive price rate.
the price gbp/jpy buying point is 144.83 and the selling point 144.70
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Market setbacks have been very well supported on dips below 125.00 and we look for the formation of a fresh medium-term higher low around the psychological barrier ahead of the next major upside extension back towards and eventually through 140.00.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Technical analysis for this pairs
gbp/jpy analysis for 17.11.2018
( GBP/JPY ) price sell (minimum) is 144.80
or buy (maximum) 144.98
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Gbp/jpy has taken a good fall but according to me it will move upwards and we can wait for a entry point to put a buy positions. Make good risk and money management
Support levls:-
s1 38.37 S2 142.04 S3 143.51
Resistance levels:-
R1 147.19 R2 149.4 R3 153.07
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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