We can see that in 1 chart of the deuce, the terms is in sideways. So, I expect the price give sustain go in the triangle decoration and instrument straighten a terminate out to go up.
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We can see that in 1 chart of the deuce, the terms is in sideways. So, I expect the price give sustain go in the triangle decoration and instrument straighten a terminate out to go up.
Gbp/jpy analysis for 04.22.2013 by using pivot indicator.
r3: 155.36
r2: 153.91
r1: 152.71
pivot: 151.26
s1: 150.06
s2: 148.61
s3: 147.41
Spoiler:
The position of the current price is above the 50 EMA on the hourly chart, the momentum is bullish
The position of the current MACD cross the line above the area 0, the momentum is bullish
Trend today: bullish
Target today:153.95
today i like to sell this pair @ 151.90 to 152.30 range
my stop loss of the day @ 152.55
half take profit @151.55
and half @ 151.15
Fibonacci Pivot Point Today
r3=154.01
r2=152.91
r1=152.23
pp=151.13
s1=150.03
s2=149.35
s3=148.25
GBP / JPY tested the 152.00 level at this time, because lately operates slightly in negative territory. However, this movement has come due to the recovery that started from 151.62 level (session low) Monday, as the couple had to remove most of the decline.
At this time the couple has settled a bit left opening of -0.02%. Mataf.net analysts point to additional support facilities at 150.33, then 148.78, and finally 147.69. On the rise or higher breakthrough, the pair will face resistance at 152.97, to 154.06, and finally 155.61.
GBP / JPY rebounded after testing the support level of 151.00 on Friday, in which short-term structure is still slightly bullish.
Support: 151.82, 151.69, 151.55
Resistance: 152.36, 152.23, 152.09
Calculation results Pivot Today
Resistance 2 = 153.57
Resistance 1 = 152.04
Pivot Point = 150.93
Support 1 = 149.40
Support 2 = 148.29
Pivot levels today:
R3: 1.55.77
R2: 154.15
R1: 153.13
PP: 151.50
S1: 150.47
S2: 148.84
S3: 147.84
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, and also there is an upword trend @ 1 H time frame, so more rising is predicted.
Forecast: Price may rise to 154.14, but if it can break 150.35 level, this will open the way to more fall to 146.57.
see movement in the GBPJPY pair H4 timeframe, seems to still be pushed up but not yet confirmed trendline break and also resistant. so should we wait for the open position of the target point with the highest confirmed yesterday (0% Fibonacci point).
https://lh4.googleusercontent.com/-x...5BUNSET%5D.png
time frame- H4
the price is still in up trend. the macd is continue moved to up side. it is hold at the 151.00 but not able to break and move lower side. so we can see it will move more up and try to hit the resistance at the 153.90 so we can long this pair with stop loss at 151.00 and target is 153.50