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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
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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
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Having breached a downward sloping trend-line stretched since May 07, GBP/JPY is taking the rounds near 140.30 during early Monday.
The quote now aims for last week's multiple highs near 140.80 ahead of targeting May 13 low around 141.20.
Given the pair’s successful rise above 141.20, 141.70 and 142.20 could please buyers.
Meanwhile, 140.00 seems immediate support to follow during the pullback, a break of which may fetch the quote back to recent lows near 139.55.
If there prevail additional declines below 139.55, 139.00 can come back on the chart.
Trend: Bullish
R3. 141.74
R2. 141.21
R1 140.6
PP 140.07
S1 139.46
S2v 138.93
S3 138.32
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Technical analysis Gbp/Jpy
Resistance and Supporting levels is :
Current Rate is :139.98
Pivot point is: 140.05
parabolic is : Buy
Momentum is : Buy
Resistance level is
1> Resistance level is:140.39
2> Resistance level is: 140.65
3> Resistance level is: 140.87
Supporting level is
1> Supporting level is: 139.57
2> Supporting level is: 139.23
3> Supporting level is: 138.94
Take profit price is:140.42
Stop lose price is : 139.60
i hope making good profit if use this signal ,, thanks ,,
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The GBPJPY on still nice bearish track. For today movement, I see - this pair want to break that 23.6 fib = break from top. So, if that happen (120.58) can be break by price from top = I see = search for Sell OP on more smaller time frame here = better idea
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Currency pair is : gbp/jpy
Trend is : sell
Resistance and supporting level
Resistance level
1 Resistance is: 140.20
2 Resistance is: 140.40
3 Resistance is: 140.60
Supporting level
1 Supporting is: 139.60
2 Supporting is: 139.40
3 Supporting is: 139.20
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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 139.63 and the pair will continue to go down to the next level level at 139.41 in my personal view this pair will be continue bullish trend, for intraday trading today
I advice to entry SELL Order at the level 139.72 stop loss at the level 139.27 and target take profit at the level 140.07
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.
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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