the dollar ended the session on friday with gains of 0.80%, versus the swiss franc.
expecting the rally to extend beyong 0.9600 as long as the pair does not close below 0.9475.
the dollar ended the session on friday with gains of 0.80%, versus the swiss franc.
expecting the rally to extend beyong 0.9600 as long as the pair does not close below 0.9475.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Time Frame - 4 Hour
Currency pair - GBP/JPY
Buy @ - 138.39
Stop Loss - 137.62
Take Profit - 139.25
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
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AliZafar (2020-08-05)
GBP / JPY
Today opening price 134.49
market trend buy
After 134.32 trend go sell
current market price 134.57
best entry point for trading buy/sell from yesterday market closing price 134.48
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AliZafar (2020-08-05)
today my technical analysis on market trend with this pair.
market trend on BUY
moving average with buy 65%
moving average with SELL35%
Parabolic sar on BUY
SO if we trade buy side then we get sI predict this pair have bullish direction
I suggest to take LONG position today
time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the tradehurely take profit to earn
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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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Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 138.66
This currency name - GBP/JPY
Resistance and Target - 139.17
Support and Stop Loss - 138.15
Always follow Long time frame market trend.
Signal is Sell.
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Imo (2020-08-05)
After the value dropped to the help level. Presently I anticipate development (skip off the help line). Merchants, on the off chance that you preferred this thought or have your conclusion on it, write in the remarks. I will be gladusdchf purchase now @ 0.93875 sl 0.93678 like and follow and you will be advised by exchanging view when I post take benefit. continuously enter exchange with little volume $100 = 0.01 volume and limit of 4 exchanges. we don't utilize pointers, we just gauge utilizing value activity which is 100% precise so we ordinarily don't know tp from the section of the trade.StDev on SELL course
4hour time period likewise telling these condtional exprations.
Marker shows showcase going DOWN and specialized Analysis same thing
All specialized and fandamantal follow the SELLing patterns
Note:Always Follow the creation experienced with others having extraordinary information about exchanging
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as expected this pair making a strong bearish movement right after the news release yesterday......and the support line has been broke by yesterday move but becareful i think this pair is nearing the low and the major revesal will happen soon.....watchout at 129 - 128 area to enter long next week
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maybe this pair will make some correction to the next high level.
I predict this pair will reach to the next resistance level,
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator .
using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit.
we must have a good strategy to get consistent profits ,
choose a strategy base on your trading style and increasing your knowledge about forex everyday.
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As expected this pair remain glued above intra-day demand area as since Monday 3rd Aug the price remain traded at very tight range, this situation will be good to monitor as once we see an impulse then we can comfortably follow its direction. (initial trade plan attach... 0.6040 area is a strong support of 4hrs. Buying this pair by putting Stop Loss just below that area gives a good RRR. First target is at 0.62000, and have opportunity to go further upA break of this support may proof to be a good place to short this pair...
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