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The lack of positive headlines coming out of today's trade talks in Washington seems to be weighing on the market sentiment. Following reports of Chinese Vice-Premier having left the U.S.Trade Representative's (USTR) office, Treasury Secretary Mnuchin told reporters that talks for the day were concluded and they were "constructive." Mnuchin didn't deliver any further comments and didn't respond to questions from the press.
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
Gbpjpy
r3 143.26
r2 143.12
r1 142.99
pp 142.85
s1 142.72
s2 142.58
s3 142.45
this is my analysis for GBPJPY
hopefully it will be good & understandable and help you to earn good profit in trading. Simple Moving Average chart for this pair seen as an indicator as smoothly up movement, so it is possible the breakdown of the resistance level at 142.70 and the pair will continue to go down to the next level level at 142.48 in my personal view this pair will be continue bullish trend, for intraday trading today
I advice to entry SELL Order at the level 142.79 stop loss at the level 142.34 and target take profit at the level 143.14
if market movement as my scenario, you can earn good profit and avoid much loss in your trading . keep trade with discipline and patience, remember..always trade in the direction of the current trend, because trend always your friend.
European data released these last few days was generally encouraging, underpinning the common currency. Services output was upwardly revised in April, investors' confidence improved, and retail sales ticked higher. However, the European Commission downgraded growth forecasts for this year and the next, leaving inflation ones unchanged.
once in the prediction of several indicators for the technical analysis of currency pairs GBPJPY on the market today at 143.30 the resistent level , then I recommend you to do the open position SELL with some criteria such as the following. You put a take profit positions at 142.45 You put a stop loss positions at 143.29
that's indicator Bollinger Bands is trend down and signal Parabollic SAR is trend down
The following resistance and supporting level of this pairs is as below :
The First Resistance -- 143.30
Second Resistance -- 143.42
Third Resistance -- 143.55
The First Support -- 142.60
Second Support -- 142.47
Third Support -- 142.35
my analysis unable to control the forex market movement. you can follow my signal , but you should put stoploss to limit the risk. please .. share your analysis, so we can discuss in this forum to maximize our profit
this is my analysis for GBPJPY
hopefully it will be good & understandable and help you to earn good profit in trading. Simple Moving Average chart for this pair seen as an indicator as smoothly up movement, so it is possible the breakdown of the resistance level at 142.70 and the pair will continue to go down to the next level level at 142.48 in my personal view this pair will be continue bullish trend, for intraday trading today
I advice to entry SELL Order at the level 142.79 stop loss at the level 142.34 and target take profit at the level 143.14
if market movement as my scenario, you can earn good profit and avoid much loss in your trading . keep trade with discipline and patience, remember..always trade in the direction of the current trend, because trend always your friend.
GBPJPY
hopefully it will be good & understandable and help you to earn good profit in trading. Simple Moving Average chart for this pair seen as an indicator as smoothly up movement, so it is possible the breakdown of the resistance level at 142.70 and the pair will continue to go down to the next level level at 142.48 in my personal view this pair will be continue bullish trend, for intraday trading today
I advice to entry SELL Order at the level 142.79 stop loss at the level 142.34 and target take profit at the level 143.14
**Gbp jpy **
Markeet of this pair show us bearish trend & has sell position at this point .....142.92
It can move up side more then 143.15 to 143.75.
If it change there position its point will 142.77 to 142.45.
So take care now.
The pair seems to break the minor uptrend line.
If the price able to break the line, we may see down movement targeting 128.44
Major trend : Down
Minor trend : Up
Current status : The pair is trying to break the uptrend line.