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.
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.
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Winning signals - Profit signals.
Today Target Pair - GBP/JPY
Today main profit zone .
140.07 - 140.14 - 140.22
Today main support zone.
139.77 - 139.84 - 139.92
Follow my trades with risk management in mind.
Always make profit - calculate the profit at month end.
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I try to make analysis for eurgbp pair today.Gbp/Jpy
Recommendation Trend is :Sell
Recommendation : Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move.
Resistance level
1 Resistance level :140.875
2 Resistance level :141.191
3 Resistance level :141.703
Support level
1 Support level : 139.851
2 Support level : 139.535
3 Support level : 139.023
Don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
Regaerd :Kaka
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The GBP/JPY pair showed serious strength on Friday as the market almost overcame the shooting star from Thursday. This is a sign that the buyers are still in control, and I do believe that the 130 level will continue to be supportive. After all, we just broke out of a 500 points consolidation area, so it makes sense that we would at least try to match that going forward.
This is a very risk sensitive currency pair, so headlines can and will move it quite rapidly. As long as things are going fairly well, this pair should continue to grind higher. I've noticed that it's somewhat parabolic, but then again all the yen related pairs are at the moment as the Bank of Japan continues to looks set to raise their inflation target to 3%. If that happens, this will devalue the Yen as they print more and more currency going forward.
I like this pair as it does tend to move quite rapidly. When you are correct in this marketplace, and you get rewarded very, very quickly. The 130 level should be the "floor" going forward, and if he gets broken to the downside, I would say all bets are off. This move has been strong, but as you can see we have built a little bit of a base just below the 130 level. This is why I like this trade so much.
Risk on/risk off
For some time, this pair used to be one of the ultimate expressions of whether or not we had a "risk on" type of day, or a "risk off" type of day. I believe we're going to start seeing this relation again as the Yen will continue to artificially weaken as the marketplaces are being manipulated yet again by the Bank of Japan. This is actually the norm for this pair, so not only am I comfortable doing this, I get to enjoy the positive swap at the end of every trading session. There is a reason why these yen related pairs tend to rise over time going back several years, and that was because it was so profitable to start buying them. I think we are about to start seeing that dynamic again. On a break of the highs from the Friday session, I am more than willing to start buying again.
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Pair is trading at price fell yesterday to come in contact with the average support level mentioned about 125.75 is then directed to resume the bullish tendency rookie year.
Price settled above the moving average level down to the level of 127.00 almost expect further upside down to 128.80 in the event of price stability above average support level.
Overall price is still trading above the key support level 124.60.
Stochastic is trying to get rid of the level of saturation positive sales for the renewal in the near and medium
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Daily updates for the pair Gbp/Jpy
this pair always gives me a good profit on every trade .today its move is much better than previous .The money management of the trading trend is very effective for getting profits with the stop loss and take profits method of getting with current trade position.
Today Trend for this pair is : sell
over all up movement; 140.34
over all Down movemen t : 139.46
End point of today market; 140.45
My judgments always make me to control the forex market movement. But please you always put a take loss in your trade for reduce your risk. Best of Luck
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Technical analysis for this pairs
gbp/jpy analysis for 29.12.2018
( GBP/JPY ) price sell (minimum) is 144.82
or buy (maximum) 144.96
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The Gbp/Jpy pair tells the trader how many Japanese Yen (the quote currency) are needed to purchase one British Dollar (the base currency).
It is known to be a “carry currency cross”, that is a cross which is a vehicle for carry trading, a strategy that consists in buying a high yielding currency and funding it with a low yielding currency, similar to the adage "buy low, sell high."
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148 (2018-12-30), alishba.mkt (2019-01-02), amjid.8248646 (2019-01-02), FM2127 (2018-12-29), hafiz.bilal8776 (2019-01-02), imran.forex.6257 (2019-01-02), isha (2018-12-30), PakGarman (2019-01-09), sadiq.86 (2018-12-29), strike (2018-12-29)
My dear the technical analysis the trend of this pairs GBPJpy is bullish.
The resistance and supporting level of this pairs GBP/JPY is very success now.
The supporting and resisting level of this pairs is as under.
The resistance level.
01. Resistance level is=140.52
02. Resistance level is=141.10
03. Resistance level is=141.65
The supporting level.
01. Supporting level is=139.40
02. Supporting level is=138.85
03. Supporting level is=138.25
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Today technical analysis of the Gbp/Jpy trend is sell
Resistance and supporting level is:
Resistance level first: 139.69
Resistance level 2nd : 139.57
Resistance level 3rd: 139.42
Supporting level first: 139.93
Supporting level 2nd: 140.10
Supporting level 3rd:140.21
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