Gbp/Jpy

[yuyul]

time frame support and resistance levels : Daily ,H1 AND H4

indicators: Bollinger Bands and fibbonanci

market trend condition today : Bullish

kal ki upward movement ko market continue kar skta hai kyuki market meh kafi uptrend tha kal or buyer kafi control me the , halaki price abhi ek resistance level pe hai us resistance ko market ache se test karega agar ye level break hota hai toh pakka strong down. price support 1 level par bhi ja sakta hai agar aisa hua to wo upward jaiga thodi der ke liye, lekin low point choone ke baad wapas aa sakta hai, phir price upward jayega to is time par sell karna chahiye
ye pair abi strong resistance or fibo level zero par hai.agar ye es resistance ko todta hai to ese khridna chahiye. I hope is trade se ham profit earn kar len

[Hassinali]

The British pound has rallied quite nicely against the Japanese yen during trading on Tuesday, as the ¥141 level has offered support. This was the top of the previous bullish flag, and it now looks as if the market is trying to recover completely, as the British pound has been oversold due to comments coming out of Boris Johnson suggesting that he was not willing to accept some of the EU regulations that negotiations have produced so far. That being said though, they have 11 months to worry about this so it’s just part of the negotiation process from what I can see. At this point, the market is likely to continue to rally based upon the fact that reality will eventually set in.

[Shahnawaz148]

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[SDK]

Maine soch raha ki ye hammer price ko upar jane ke liye signal dita, lekin idar H1 chart me hammer form hua ta ise liye 50-60 pips upar ja sakta hai, ise hamer dina ka ya 4 ganta ka chart me mila to jada pips kama sakta hai.

[Muhammadfaizan]

The British pound has rallied quite nicely against the Japanese yen during trading on Tuesday, as the ¥141 level has offered support. This was the top of the previous bullish flag, and it now looks as if the market is trying to recover completely, as the British pound has been oversold due to comments coming out of Boris Johnson suggesting that he was not willing to accept some of the EU regulations that negotiations have produced so far. That being said though, they have 11 months to worry about this so it’s just part of the negotiation process from what I can see. At this point, the market is likely to continue to rally based upon the fact that reality will eventually set in.

[0307148]

in my point of view the trend is still very well support the bull with the definite resistance of 140, but a failed doing that and even a down to 125 this week would put pressure the currency to go further this week, but i doubt it will happened

[Sadia260]

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[Zaib55]

GBP/JPY at a Glance The pound is the world's oldest currency still in use and was the de facto global currency until WW II. The economy of Great Britain (or the United Kingdom) is the third largest in Europe, after Germany and France. Napoleon famously called the UK “a nation of shopkeepers”.

[heel]

It is likely that having entrenched below the resistance level1.6050; the price will not be able to break it up for upward correction today. The consolidation near 1.6050 may serve as an exception, after which there will be the downward trend continued until the next support level 1.5950.
If the price falling does not stop at the support level 1.5950, there will be a rising trend line retest 1.5920.
today i like to buy this pair @ 1.6040
my stop loss of the day @ 1.6015
half take profit for today @ 1.6075

[Zeeshan420]

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