we can see in the 4h chart
the pair trading down
I see the pair will go to down way to 166.41
stochastic refers that the pair will go down
so our target sell from 167.91 and our target will 150pips
Good luck
Thread: Gbp/Jpy
we can see in the 4h chart
the pair trading down
I see the pair will go to down way to 166.41
stochastic refers that the pair will go down
so our target sell from 167.91 and our target will 150pips
Good luck
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.
Updated : 16 dec
movement: 0.005%
Support : 166.47
Pivot : 167.70
Resistance: 170.67
buy from: 167.91
target: 168.60
stop loss: 167.20
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date : 16/12/2013
frame : h1
i add my order sell at: 167.80
take profit today : 167.35
sl today is :168.30
good luck
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price now: 167.86
buy price @ 157.43
profit in pips :1043
stop loss :164.00
Resistance 1: 169.62
Resistance 2: 169.86
support 1: 167.52
support 2: 167.27
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Resistance3= 169.31, Resistance2=168.85, Resistance1:=168.24 , Pivot Point=167.79 Support 1=167.18 Support 2=166.73 , Support 3=166.12 {Hope a good day for all of you good luck to all}
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pair- gbp/jpy
chart analysis time frame- m30
a triangle chart pattern is setup with the price movement and having resistance at the 168.40 level. as this is rejected price down but now the ris is also in triangle setup. the price may be not able to move above the resistance and falling. short if this is break the supporting trend line at the 167.85 level with 160.00 take profit.
good luck
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the trend is still down
if indicates the trend is still trade down from :168.11
Recommendation: sell
Take profit1: 167.75
take profit2:167.28
Stop Loss :168.55
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GBP/JPY Daily Trade
Sell the pair below 167.75 with targets 167.25 and 166.44. Stop loss 167.95
Above 167.75 buy the pair with 168.55 and 169.36 as targets. Stop loss 167.45
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date :16 december 2013
pair : gbpjpy
the pair in down trend
indicators down : 4
indicators up : 4
ao :-0.672
ac :-0.2594
bears(13):-0.43
good luck
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Today 16/12/2013
Resistance and Support
R3: 169.78
R2: 169.21
R1: 168.76
Pivots: 168.13
S1: 167.67
S2: 167.12
S3: 166.65
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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