Gbp/jpy
The market trend is sell.
Because indicators are clearly showing the down position.
Resistance and supporting levels are also tells us for down trending and trading on sell.
That is my official thought....
Thread: Gbp/Jpy
Gbp/jpy
The market trend is sell.
Because indicators are clearly showing the down position.
Resistance and supporting levels are also tells us for down trending and trading on sell.
That is my official thought....
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.
FA148P (2019-05-18), Muneer7171 (2019-05-18), omergul (2019-05-18), PAK (2019-05-19), PAK786 (2019-05-18)
GBP/JPY dropped to as low as 116.83 last week and took out 118.81 prior historical low with relative ease. Initial bias remains on the downside this week with 119.13 minor resistance intact and current fall should then target 161.8% projection of 130.83 to 123.29 from 127.31 at 115.11 in near term
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In my view, GBPJPY still moving in a bearish trend now and I think this pair has a possibility to reach the support level at 170.66. Then, if GBPJPY can also break that support, I think this bearish trend will continue to the next support level at around 169.56. good luk
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Muneer7171 (2019-05-18), omergul (2019-05-18), RYK (2019-05-18)
gbp/jpy
Technical analysis of today is bearish
Pivot Point. 140.07
Current Price. 139.90
Resistance level
1st. 139.80
2nd. 139.70
3rd. 139.60
Supporting level
1st. 140.15
2nd. 140.35
3rd. 140.50
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.
Daily overview for GbpJpy
The price is finding the first support at 139.72 and the next support is at 139.47 The price is finding the first resistance at 140.17 and the next resistance is at 140.39 I predict price will be continued falling today. The first target is the level 139.46 After fixing below the first target, then price will go to the level of 139.30 will become the next one. we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.
Trading recommendations for trading Open Sell
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Muneer7171 (2019-05-18), omergul (2019-05-18), RYK (2019-05-18), Unregistered (2)
Having completed 332 points in a southerly direction (142.84 - 139.52) in a week, the GBP / JPY currency pair ended the second week with a fall. At this time, on the daily chart you can see that the pair is in the area of the lower boundary of the downward channel. But the indicators still hint at the possibility of correction and buying the pair to the resistance levels for the next trading week - 140.77 and 142.02. Support levels for the next week are located at 13870 and 137.45.
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JPY index is approaching its resistance at 0.147(61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.145
1 Resistance is. 140.10
2 Resistance is. 140.20
3 Resistance is. 140.30
1 Supporting is. 139.87
2 Supporting is. 139.75
3 Supporting is. 139.61
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.
Muneer7171 (2019-05-18), omergul (2019-05-18), RYK (2019-05-18), Trump (2019-05-18)
The pair is still trading within the symmetrical triangle shown above, where the pair is closely approaching the head of the triangle. Trading is stable below 128.40 and that supports our expectations for the bearish move to continue today targeting areas of 127.10 then 125.65 and require stability below 129.05.
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.
jellybelly2017 (2019-05-18), omergul (2019-05-18), RYK (2019-05-18)
Technical analysis of gbp/jpy
Today bearish trend.
Pivot Point. 140.07
Current Price. 139.98
1. Resistance level is. 140.10
2. Resistance level is. 140.20
3. Resistance level is. 140.30
1. Supporting level is. 139.80
2. Supporting level is. 139.70
3. Supporting level is. 139.60
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.
jellybelly2017 (2019-05-18), Muneer7171 (2019-05-18), omergul (2019-05-18), RYK (2019-05-18), Trump (2019-05-18)
GBP/JPY Daily Trade
Sell the pair below 167.75 with targets 167.25 and 166.44. Stop loss 167.95
Above 167.75 buy the pair with 168.55 and 169.36 as targets. Stop loss 167.45
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.
jellybelly2017 (2019-05-18), Muneer7171 (2019-05-18), omergul (2019-05-18), RYK (2019-05-18)
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