Gbp/Jpy

[babar8487]

In the bigger picture , as long as 139.29 cluster support 50% entrancement of 122.36 to 156.59 at 139.47 holds, up trend from 122.36 2016 low. could still extend beyond 156.69 high. Howe, decisive break of 139.29/47 will suggest that such up trend is completed and turn outlook bearish, In that case, next target is 61.8% replacement at 135.43

[babar8487]

Intranet bias in GBP/JPY remains neutral for consolidation above 1.39.50 temporary low. Another rebound cannot be ruled out, But near term outlook will stay bearish as long as 143.93 resistance holds. On the downside, decisive break of 139.29/47 hey support zone will carry larger bearish implications.

[babar8487]

The People's Bank of China (PBoC) has the yuan reference rate for today's markets at 6.8632, versus yesterday\s rate of 6.8894.
In Open Market Operations, the PBoC also injected a net 220 billion yuan via two separate injections for 150 billion and 100 billion yuan, both into 7-day reverse repos, with 30 billion maturing today.

[babar8487]

For most client types, survey respondents said between tow-fifths and three-fifths held net-long positions on emerging market assets, meaning they were betting on increases in the values of the assets, But most clients had also increased bets over the course of 2018 that the value of emerging market assets would fall, the fed said, citing the survey responses.

[babar8487]

Key quotes
"About three-fourths and two-thirds of the respondents reported that their hedge fund and mutual fund clients, respectively, have some exposure to emerging markets,"
the Fed said, dying it had included questions on emerging market exposure given the "turmoil" seen in emerging markets this year.

[babar8487]

4-hour candlesticks have the Guppy firmly in a bearish trend, and a break of the 141.00 zone will be a popular zone for reloading short position heading into 2019.
According to reporting by Reuters, a federal reserve survey is highlighting that credit players are scaling back their expectations of a rise in emerging market valuations.

[babar8487]

GBP/JPY is range bound on intranet charts, just north of the 140.00 major handle with action capped at yesterday's high at 140.80 and low near 139.70.
The guppy is trapped in a sideways pattern for the holidays, and near-term traders will be looking for a break and retest towards the downside to set up for a further leg lower.

[ba33]

Consolidation from 129.64 is still in progress and deeper decline could be seen to 127.03 and below. But, we'll stay bullish as long as 124.72 support holds and expect rise from 118.82 to continue later. Break of 129.64 will target upper channel resistance (now at 130.73)

[SA148P]

Daily (SA148P) updates for Gbp/Jpy

////////////Today\\\\\\\\\\\\\\


Standard Support – Resistance:
Resistent3: 141.51
Resistent2: 141.05
Resistent1: 140.77
Pivot level: 140.31
Support 1: 139.65
Support 2: 139.57
Support 3: 139.11


--- Trading opinion for the best profitable trade: Open buy---

I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck

[may78655]

Yesterday, the pair traded a new negative direction and stabilized around the 139.60 support for its negativity. If it is subjected to additional negative pressure and breached the current support, it will confirm its willingness to achieve many negative targets at 137.20 to reach 135.10 respectively.