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Technical analysis of Gbp/Jpy trend is buy
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:138.34
2> Resistance level is: 138.46
3> Resistance level is: 138.58
Supporting level is
1> Supporting level is: 138.06
2> Supporting level is: 137.94
3> Supporting level is: 137.82
GbpJpy technical analysis by using : Auto pivot indicator.
resistent level 1 - 139.57
resistent level 2 - 139.20
resistent level 3 - 138.86
pivot point - 138.49
support level 1 - 138.15
support level 2 - 137.78
support level 3 - 137.44
Parabolic SAR indicator there a dot below the candles that indicates a upward direction in addition to that we can see a BUY signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the higher level to perform a upward signal
on the chart of the this pair there is a main up trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 and if other indicators confirm a bullish direction then I will go for “BUY” positions.
once in the prediction of several indicators for the technical analysis of currency pairs GBPJPY on the market today are at the 137.83 support level then I recommend you to do the open position BUY with some criteria such as the following. You put a take profit at 138.68 positions. You put a stop loss at 137.81 positions
that's indicator Bollinger Bands is trend down and signal Parabollic SAR is trend down then Support and resistance at
Resistent1 = 138.53
Resistent2 = 138.65
Resistent3 = 138.78
Support 1 = 137.83
Support 2 = 137.70
Support 3 = 137.58
my analysis unable to control the forex market movement. you can follow my signal , but you should put stoploss to limit the risk.
Gbp/Jpy
Today trend is strongly Bearish.
Resistance levels are
R3. 139.83
R2. 139.19
R1. 138.73
Support levels are
S1. 137.65
S2. 136.98
S3. 136.55
Today technical analysis of the Gbp/Jpy trend is bullish
Resistance and supporting level is:
Resistance level first: 138.13
Resistance level 2nd : 138.35
Resistance level 3rd: 138.53
Supporting level first: 137.82
Supporting level 2nd: 137.68
Supporting level 3rd:137.54
Gbpjpy
sell @ 138.20 or 138.35
stop loss 140.30
takeprofit 1 136.50
takeprofit 2 135
Technical analysis of the GBP/JPY
According to H4 time Frame,
Today Market Trend seems to be : BULLISH
Today Resistance level is:
1> Resistance level is: 138.36
2> Resistance level is: 138.46
3> Resistance level is: 138.52
Today supporting level is:
1> Supporting level is : 138.20
2> Supporting level is : 138.09
3> Supporting level is : 138.01
Market setbacks have been very well supported on dips below 125.00 and we look for the formation of a fresh medium-term higher low around the psychological barrier ahead of the next major upside extension back towards and eventually through 140.00
as expected the price rise back up with a strong bullish engulfing candle......let see if the up ward momentum can continue until the end of the day and if that happen then it confirm the buy setup for this week.......134 - 136 next level to watch
this is my analysis for GBPJPY pair , hopefully it will be good & understandable and help you to earn good profit in trading.
simple moving average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breakout of the resistance level at 138.52. and the pair will continue to go up to the next resistance level at 138.77
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest BUY at the level 138.47. , stop loss at the level 138.12. target take profit at the level 138.92
if market movement as my scenario, you can earn good profit and avoid much loss in your trade