Gbp/Jpy

Gbpjpy

british pound / japanese yen

139.754

*

jpy

*

−0.266*(−0.19%)

market open*(oct 29 04:52 utc-4)

140.020

prev

140.020

open

70.492k

volume

139.730*—*140.255

day's range

The GBPJPY presses on the barrier

The GBPJPY pair continued renewing its positive trading to repeat the pressure on 140.25 barrier, and breaching this barrier will confirm its readiness to resume the bullish attack that comes from its stability within the bullish channel levels, to wait for reaching 141.25 and 142.80.

While the price failure to achieve the required breach, so that will increase the chances for forming bearish correctional trading, to expect targeting 50% Fibonacci correction level at 137.65.
The expected trading range for today is between 139.00 and 141.25

The expected trend for today: Bullish

Gbp/jpy > BULLISH

PIVOT POINT > 139.87

1 Support 139.51
2 Support 139.29
3 Support 138.93

1 Resistance 140.23
2 Resistance 140.46
3 Resistance 140.82

serious strength on Friday as the market almost overcame the shooting star from Thursday. This is a sign that the buyers are still in control, and I do believe that the 130 level will continue to be supportive. After all, we just broke out of a 500 points consolidation area, so it makes sense that we would at least try to match that going forward.

This is a very risk sensitive currency pair, so headlines can and will move it quite rapidly. As long as things are going fairly well, this pair should continue to grind higher. I've noticed that it's somewhat parabolic, but then again all the yen related pairs are at the moment as the Bank of Japan continues to looks set to raise their inflation target to 3%. If that happens, this will devalue the Yen as they print more and more currency going forward.

I like this pair as it does tend to move quite rapidly. When you are correct in this marketplace, and you get rewarded very, very quickly. The 130 level should be the "floor" going forward, and if he gets broken to the downside, I would say all bets are off. This move has been strong, but as you can see we have built a little bit of a base just below the 130 level. This is why I like this trade so much.

Maine soch raha ki ye hammer price ko upar jane ke liye signal dita, lekin idar H1 chart me hammer form hua ta ise liye 50-60 pips upar ja sakta hai, ise hamer dina ka ya 4 ganta ka chart me mila to jada pips kama sakta hai.

Today market trend:Sell

Resistance and Support points also given has signal of market down

Technical indicators and Moving average se bhi market down hoti nazar aati hai

Agar ap profit hasil karna chahte hain to sell ki trade laga dein

GBPJPY Trend is sell


1 Resistance level:134.21
2 Resistance level:132.99
3 Resistance level:130.92


1 Supporting level:130.14
2 Supporting level:129.85
3 Supporting level:128.07

GBPJPY Trend is sell


1 Resistance level:134.21
2 Resistance level:132.99
3 Resistance level:130.92


1 Supporting level:130.14
2 Supporting level:129.85
3 Supporting level:128.07
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GBPJPY Trend is sell


1 Resistance level:134.21
2 Resistance level:132.99
3 Resistance level:130.92


1 Supporting level:130.14
2 Supporting level:129.85
3 Supporting level:128.07
Quick reply to this message Reply With Quote Multi-Quote This Message

This pair was not able to break above the 133.30 level today before it violently came to the region of 131.75 ,it has retraced up to 50% of the move ,at the time of this post the price was @ 132.50 region.If the price closes today below the horizontals line, the price may touch 130.65 region.the stochastic on the hourly chart above, has gone into the overbought rigion.