SubscribeGBP/JPY remains on the downside for a test on 124.18 support first. Break there will confirm resumption of the whole fall from 140.02 and should 122.15 support next. On the upside, above 126.24 minor resistance will turn bias neutral for gbp/jpy
Thread: Gbp/Jpy
GBP/JPY remains on the downside for a test on 124.18 support first. Break there will confirm resumption of the whole fall from 140.02 and should 122.15 support next. On the upside, above 126.24 minor resistance will turn bias neutral for gbp/jpy
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0307148 (2020-03-22), Abubakar 148 (2020-03-28), Hamzagoroo (2019-03-23), Malik1122 (2020-02-09), NAZ (2019-11-27), Sadi (2020-01-30), Tilla420 (2020-08-12), zainm6050 (2019-05-10)
If a M15 close above 125.79 Buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 124.55 sell only and do not buy. If price closes back above it again do nothing
The range 125.79 and 124.55 is neutral area, any trade done in between is personal decision and not part of this analysis
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zainm6050 (2019-05-10)
i have a buy order here but the trend seems it will hit the bottom trendline of daily channel may be around 120 levels.
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zainm6050 (2019-05-10)
it seems as though we will see the rebound gather pace over the next 24-hours of trading, and the Fed may show an increased willingness to wind down its balance sheet as policy makers see an increased risk of inflation.
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zainm6050 (2019-05-10)
GBP/JPY is retreating further from 130.80 (August 4 high) and after Wall Street opening broke below 127.00. The Pound tumbled to 126.60, approaching to Thursdays low that lie at 126.40/50
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zainm6050 (2019-05-10)
the pair and as we can see from the chart has closed it's daily candle under the level of 127.00 , so , that's mean the down trend is still standing and the pair is heading to 126.30 then 126.00
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zainm6050 (2019-05-10)
The decline from the April high in the GBPJPY exhibits several corrective characteristics so a break above trendline resistance could signal an important reversal.
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zainm6050 (2019-05-10)
the pair as we can see on the chart has success in breaking the level of 127.00 and reached the level of 126.60 , that's mean the down trend is standing and the pair might head to 126.30 then 126.00
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zainm6050 (2019-05-10)
The GBP/JPY pair rose during the Wednesday session, retesting the 130 area. The area has served as serious support in the recent past, and looks to act as resistance now
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zainm6050 (2019-05-10)
t is important the restrict the position up to the critical support level for the pair which can be found at 124.00 yen to the United Kingdom pound. The harmonic reverse pattern, "Bullish Bat", provides us with some certainty with regards to the pair's positive forecast.
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.
zainm6050 (2019-05-10)
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