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Consolidation from 129.64 is still in progress and deeper decline could be seen to 127.03 and below. But, we'll stay bullish as long as 124.72 support holds and expect rise from 118.82 to continue later. Break of 129.64 will target upper channel resistance (now at 130.73)
Gbp jpy is going down and we can have a sell trade on this pair
Support and resistance levels:-
S3 139.49
S2 139.71
S1 139.84
R1 140.06
R2 140.14
R3 140.35
Analysis of GBP/JPY
Trend is Sell
Resistance Level 1: 139.73
Resistance Level 2: 139.86
Resistance Level 3: 140.00
Pivot Point: 139.58
Supporting Level 1: 139.43
Supporting Level 2: 139.30
Supporting Level 3: 139.16
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Daily overview for GbpJpy
The price is finding the first support at 139.72 and the next support is at 139.47 The price is finding the first resistance at 140.17 and the next resistance is at 140.39 I predict price will be continued falling today. The first target is the level 139.46 After fixing below the first target, then price will go to the level of 139.30 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 !!
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
Gbp/Jpy
Today Market analysis and trend:sell
Indicators bhi market ke down hony ka bata rahe hain
Resistance and Support points bhi hamain market ke down hony ka ishara de rahe hain isliye hamain sell main trade lagani chahiye
Gbp jpy
Markeet of this pair has bullish trend in my analyses.
It has buy option at this way but now you can think for trade .crunt pivot . 139.95
Resistance level
1_________..........140.15
2_________..........140.45
3_________..........140.85
Support level
1___________......139.82
2___________......139.65
3___________......139.25
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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
Gbp/jpy
The market trend is sell.
Because indicators are clearly showing the down position.
Resistance and supporting levels are also tells us for down trending and trading on sell.
That is my official thought....