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Gbp/Jpy
GBP/JPY holds onto recovery gains while taking the bids to 142.92 during early Thursday morning in Asia. The pair has been capped below 21-day SMA off-late but stays above 38.2%*Fibonacci*retracement of October-December since December 04.
As a result, buyers look for entry beyond a 21-day SMA level of 143.00 to question 23.6% Fibonacci retracement at 143.82.
However, pair’s further upside will be questioned by a short-term descending trend line, near 145.50, which if broken can propel GBP/JPY prices to 148.00.
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GBP/JPY - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
142.60 - 142.75 - 142.96
Resistance 1 - Resistance 2 - Resistance 3.
143.31 - 143.45 - 143.66
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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GBP/JPY
Market Trend is sell
Resistance levels
1.Resistance=>130.14
2.Resistance=>129.50
3.Resistance=>128.69
Supporting levels
1.Supporting=>127.24
2.Supporting=>126.60
3.Supporting=>125.79
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Today this pair of Market trends & technical Analysis justified for me.
TRENDING
1)Gator Osillator:SELL = (3)dEMARKER :SELL
2)Fractals :SELL = (4)Evelopes :SELL
GBP/JPY
Paraboloc SAR : SELL
The RSI is still on :SELL
StDev on SELL direction.
4hour time frame also telling these condtional exprations.
Indicator shows market going DOWN and technical Analysis same thing.
All technical and fandamantal follow the SELLing trends.
Note:Always Follow the making experienced with others having great knowledge about trading
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Forex Forecast with price level
GBP/JPY - pair in focus.
Current Price - 142.72
main support level - 142.54
main resistance level - 142.94
Pair likely to be in Sell today.
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Gbpjpy
Resistance level
Resistance level 142.70
Resistance level 143.00
Resistance level 143.30
Supporting level
Supporting level 142.10
Supporting level 141.80
Supporting level 141.55
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pair has shown good sign of uptrend..
it has a strong resistance at 1.4000
If this pair crosses this value, then i think it will touch 1.4100 without any problem
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looking in strong buying and i prefer for buy the usdsgd pair at price 1.3710 to 1.3740 and we set our take profit at price 1.3800 to 1.3830 and we set our stop loss point at price 1.3700 to 1.3670 maximum and trader must analysis the usdsgd pir current trend
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Gbp/jpy
suporting levels are here:
support 1) 142.10
support 2) 141.90
support 3) 141.65
Ichimoku trends giving selling signals
THE RSI movement of this pair is moving with high frequency on SELL signal.
StdDew & Mcad are main factors which also giving the SELLYing signals.
Bulls power higly selling side movements.
Parablic sar on top showa SELL trends.
this pair has being bearish trends last some hours which can be seen.
today moving movement of this pair today on: SELL
highest 3rd resistance of this pair today will be going :142.60
i think best time to enter sell trade at 142.55 with tp at 139.80 with narrow stop loss of 143.00 with long terms.
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GBP/JPY
Market Trend is sell
Resistance levels
1.Resistance=>130.14
2.Resistance=>129.50
3.Resistance=>128.69
Supporting levels
1.Supporting=>127.24
2.Supporting=>126.60
3.Supporting=>125.79
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