Gbp/Jpy

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)

GBPJPY continues its run towards 146.41 resistance zone. Because it has broken the 61.8% fibo resistance and testing the 76.4% fibo resistances. It may move up to 147.66 resistance zone.
Besides price and chikou span is above kumo currently.

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}

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

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 my Analysis for this pair gbp/jpy

Market Trend today is bearish

Pivot Point 140.07


R 1... 140.20
R 2....140.30
R 3...140.40


S 1... 139.80
S 2... 139.60
S 3...139.40

my analysis of the trading pair : Gbp/Jpy


pivot point is:140.07

Parabolic is:buy
Moving average is:buy

So Resistance and Supporting Level is,,,,

Resistance Level is:

1,Resistance is:140.50
2,Resistance is:140.65
3,Resistance is:140.78

Supporting Level is:

1,Supporting is:140.22
2,Supporting is:140.11
3,Supporting is:139.98

if you like my this analysis so give me thanks on my this post ,,,

bearish trend seems to be taking place on the GBPJPY pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A sell signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal. This pair can continue bearish trend, now current price at 140.31 and strong resistent at level 140.53 in hourly time frame. there is possible chance price will move to up side. then next low price is 139.80

I suggest to entry SELL with stoploss at 139.81 and take profit at 140.66

use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit. I hope you can earn consistent profit from my signal, good luck and doing trade like a boss.

Technical analysis of the pair

and trend is : Gbp/jpy


My Resistance and Supporting level of this pair is,

My Resistance level of this pair is,,


Resistance 1: 140.55
Resistance 2: 141.75
Resistance 3: 141.70

My supporting level of this pair is ,,


Supporting 1: 139.42
Supporting 2: 138.90
Supporting 3: 138.30

i will not buy this pair till i see it under 120.00 because last week was very down wich van lead also to some down levels this week so it is not advised to buy this pair ,we have just to wait till it reaches 120.00 and 119.80 then buy for a target not less than 200 pip as a retracement