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The intraday bias of the pair has remained neutral so far. Its rebound from 118.82 could extend even further higher to 121 region. Meanwhile, a a penetration of the 121 region would suggest that the rebound is over and the pair has flipped back towards downward momentum targeting 118.82 and more. GBP/JPY rebounded strongly and the development suggests that corrective rise from 118.82 is still in progress. Intraday bias is mildly on the upside for 125.82 and above. But after all, we'd expect strong resistance from 127.10 to conclude the corrective rally, on bearish divergence condition in 4 hours MACD. Break of 122..86 minor support will now flip bias back to the downside for retesting 118.82 support next.
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Standard pivots
GBPJPY
R3 128.037
R2 127.14
R1 126.244
PIVOT 124.568
S1 123.672
S2 121.996
S3 121.1
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The pair is in strong uptrend line targeting But a clear break of this blue uptrend line will trigger a strong bearish targeting
Major trend : upward
Minor trend : downward
current position, a position floting loss, -4. two positions have not been executed pending orders.
price is currently undergoing a correction, and it seems like the trend up will not change
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Today market Analisisss...
The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit
So could the trading in Sell and get a huge profit.
As this pair we know that .Big movement of every pair also because of news. News of donald trump is most important. About USA and Chaina trades...
I am doing trading on this pair . After the analysis of moving arevages . Parabolic SR.
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Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
Good luck everyone
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Discussion of this pair in my opinion that market can be move to the bullish trend, as looking forward to the open trade, and I prefer the first option of sell it .
If we seems that closing graph of this pair its overall trend show us buy, and moving average is looking strong up side ,I think it can little bit move up but looking world's situation by Covide,19 it can be move to the down side ,so my suggestions are to sell here ,
If you like & agree
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My specialized Investigation Gbp jpy
I use scalping systems on this cash matches so I favor the brief span that is the time period M15 and M30, that is position showcase then likewise there are a few pointers that I use as the Bollinger Groups is BREAK LOW, ADX is DOWN Pattern 79.72%, Stochastic is BREAK HIGH.
At that point think about the position if the market pattern is advancing toward more leads Pattern DOWN 67.8%,
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today my specific examination on market design with this pair.
market design on :SELL
moving ordinary with buy :30%
moving ordinary with SELL:70%
Logical sar on : SELL
SO if we trade buy side, by then we get shurely take advantage to pick up.
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Today market trend: Bullish
Resistance and Support points are depend on market news
So before trading see indicators and then take a decision for trading
Always keep patience and get a huge profit in your trading
Come in forex trading and become a ßillionaire
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Gbp/Jpy
Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
Good luck everyone
