the pair has closed under 182.12, that's mean the down trend is expected and the pair might head to 181.50 then 181.00 , however the pair made a hourly correction
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the pair has closed under 182.12, that's mean the down trend is expected and the pair might head to 181.50 then 181.00 , however the pair made a hourly correction
For the British pound the markets saw yesterday the release of the purchasing managers and the service sector index, which rose from 58.9 to 59.5 on the monthly level other than expectations, which had been monitoring its decline to 58.6, and today is considered very important for the Pound where watching the markets in which the results of the British election
Trading Signal - 07/05/2015 - 10:00 (GMT +3)
Instrument: GBPJPY
Time : 60min CHART
Trend & Condition : Upwards Weak
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistances :
181.81 182.50
181.23 182.92
180.71 183.60
http://dl.dropbox.com/u/51561036/scr...507-225628.png
He made a pair price trading sideways during the day yesterday and maintains stability above 181.35 to confirm our adherence to emerging Balstirh until this moment, so we will stay on the bias bullish and waiting to attack price coaxial stable at 184.10 resistance to constitute a primary objective to nearby trading.
Stochastic note rid of the negative impact and trying to build a new upside wave to begin providing torque required for the extension of trading to achieve the target previously expected.
Expected trading range between 181.30 and 184.00.
The price of the GBPJPY pair maintained a positive stability above 181.35 and that as long as the form of that initial support before trading corrective bearish tendency for the last period the year is expected for today: UP.
pair- gbp/jpy
time frame analysis- m15
http://i59.tinypic.com/2nisdw4.jpg
the price is up trend side from the resistance at 182.14 level and moved above the daily resistance level three at 185.40 level. its not able to move above the 185.90 level and again down side. short with take profit at 183.80 and stop loss at 186.00
good luck
Enables pair price of the acquisition of more positive momentum during yesterday's trading, surpassing the initial target at 184.10 and note his arrival for the second goal and expected previously at 186.05, the above assures us stuck price control positive and note that the price liberation from the current level will open the way for him to score more of the profits starting from 187.55.
In the case of the stability of the current level of initial resistance to the upside attempts, this will force the price formation on both sides of the mile and maintains stability within the positive level as far as 184.10.
Expected trading range between 184.10 and 187.50.
gbp/jpy cable ko dekhte hue bahut he jada up hua hai kyunki yahan risk on factor election ka thga aur wahan bilkul unexpected result ki wajh se market kaafi up hua hai aur esme abhi up he jaane ka sabko lag raha hai..
GBPJPY pair price managed to gain more positive momentum during yesterday's trading, surpassing the initial target at 184.10 and note his arrival for the second goal and the previously expected at 186.05.
While we expect continued economic outperformance support the decrease of EUR / GBP, the initial response of the GBP / JPY to the results of previous political events is not intended to persist and we believe that the report monetary policy between the Fed and the BoE should exert downward pressure on the GBP / USD during the year. In addition, the Conservative victory means the organization of a referendum on the EU before the end of 2017, maintaining a strong political risk premium in the medium term on the GBP