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bounced the pair price trading yesterday in the form of a rising wave did not test the 176.60 level to constitute a major obstacle to any attempt upward, so surely the previous level will stay the shootout bearish and await the arrival of the price to the level of 174.20 to form the first goal for the current period.
Stochastic get rid of the saturation level of sale to allow an opportunity for the price to gain more momentum within the near and supports the negative trades until the arrival advertised price of the target.
Expected trading range between 176.60 and 174.20.
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Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: It appears that the market can not be a correction to the pivot point. Then the market went straight to 177.24 or higher at 177.22
Recommendation: Buy
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daily overview for Gbp-Jpy
r3: 178.50
r2: 177.72
r1: 177.25
s1: 176.00
s2: 175.22
s3: 174.75
the pair broke the channel to down
so our trade for the pair is sell
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Go back again to GBP JPY GBP-JPY Frame Daily Daily.
Opportunity to ride with the trend of the patch areas.
Where do the following: -
1. bearish trend for more than a month and a strong bearing down.
Vbatalla scenario is short with resistors in an upward correction.
2. The presence of the first three opponents at 179.22 and the second at 180.15
And the third at 181.00, which is associated with a strong 61 Vebo fiercest.
3. All resistors are valid for sale reached the status of her husband Mstafrrg Ring
Which mostly consists of Artkazat Bakr.
Targets are 50 to 70 as long talk on the daily frame.
Chart ..
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pair-gbp/jpy
time frame-m15
http://i62.tinypic.com/m7yy2s.jpg
the price is making correction from the resistance at 178.00 level and moved to the lower support at 177.55 level. the rsi indicator is also moving up side from the level 30 and moving up side. if the up movement is break resistance at 178.00 level then long with profit target at 178.74 and stop loss at 177.43
good luck
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Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: For the prediction of long-term, the market will menyentuhpada 261.8 fibo. Henceforth, the market will come back for correction to 177.98
Recommendation: Buy limit in 177.98
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The stability of the pair price above the level of 176.60 continued influenced by constantly providing stochastic upside momentum and note recorded almost to the level of 178.10, the price is within the neutral level stabilized due to brokering between the main axes represented by the level of 176.60 to constitute support, while a level of 178.80 extension of major resistance.
Key indicators also opposes the offer price will make the mixed trading within the near and medium to take a neutral again until the liberation of the price of one of the previous themes mentioned.
Expected trading range between 176.60 and 178.80.
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daily overview for Gbp-Jpy
r3: 179.38
r2: 178.88
r1: 1.7830
s1: 176.84
s2: 175.96
s3: 175.38
the pair can not break the resistance to up
so our trade for the pair is sell
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The pair continued to price stability above 176.60 influenced by constantly providing stochastic upside momentum and note recorded almost to the level of 178.10, the price is within the neutral level stabilized due to brokering between the main axes represented by the level of 176.60 to form a support.
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Charts indicate in the case of access to reverse the main wave to frame the four hours H4 that in the event that the candle 4 hours failed to close below support (176.86), then it is possible a correction movement upward wave key will be trading SPV within wave secondary correction among (176.57 ) and (177.43) to open the downward field in the future to the region (175.98) and can be closed when the new deal (178.20).
Spoiler: