Gbp/Jpy

Unlike USDCHF, the EURCHF bounces off the near-term support-line, at 1.1270 now, which in-turn highlights the importance of 1.1315 and the 1.1355-60 resistance-region. Given the pair’s sustained rally after 1.1360, the 1.1390,

Well, this pair is went on sideways and trapped between the support level of 124.50 and Resistance at 124.95. I think, its better be to buy on the low and sell on the high. But considerring its spread, i think its better to go "Buy" only and wait for 2 or more days to gain profit. Set the TP at 124.95

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

gbp/jpy Today Analysis

Market Trend Bullish

Pivot Point 142.94


S 1 1.1172

S 2 1.1133

S 3 1.1095


R 1 1.1250

R 2 1.1288

R 3 1.1327

as expected this pair making a strong bearish movement right after the news release yesterday......and the support line has been broke by yesterday move but becareful i think this pair is nearing the low and the major revesal will happen soon.....watchout at 129 - 128 area to enter long next week

Today technical analysis of Gbp/jpy is sell

Piviot Point is :142.91

Resistance and supporting level is:

Resistance level is :

My Resistance is ,,,

Resistance level first: 143.36
Resistance level 2nd : 143.65
Resistance level 3rd: 143.98

My support is,,,,,

Supporting level first: 142.86
Supporting level 2nd: 142.75
Supporting level 3rd:142.64

as expected this pair making a strong bearish movement right after the news release yesterday......and the support line has been broke by yesterday move but becareful i think this pair is nearing the low and the major revesal will happen soon.....watchout at 129 - 128 area to enter long next week

Currency pair GBP|JPY, 4H timeframes. The trend on this currency pair is now bullish and it is very clearly visible by the way it willingly goes to the north. but I'm still thinking that from this zone there will be a slight correction, up to the zones highlighted in green.

Daily overview for GbpJpy
The price is finding the first support at 142.73 and the next support is at 142.48 The price is finding the first resistance at 143.18 and the next resistance is at 143.40 I predict price will be continued falling today. The first target is the level 142.47 After fixing below the first target, then price will go to the level of 142.31 will become the next one. we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.

“--- Trading recommendations for trading : Open Sell ---“

According to the current scenario I would like to recommend you to keep an eye on support and resistance levels of the market and also don’t forget to use the proper money management. Have a great and profitable trading everyday !!

as expected the price rise back up with a strong bullish engulfing candle......let see if the up ward momentum can continue until the end of the day and if that happen then it confirm the buy setup for this week.......134 - 136 next level to watch