SubscribeGBP/JPY dipped to 123.29 last week before forming a temporary low there and recovered. The development affirmed the case that fall from 140.02 is still in progress
Thread: Gbp/Jpy
GBP/JPY dipped to 123.29 last week before forming a temporary low there and recovered. The development affirmed the case that fall from 140.02 is still in progress
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Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 140.35
This currency name - GBP/JPY
Resistance and Target - 141.17
Support and Stop Loss - 139.53
Always follow Long time frame market trend.
Signal is Sell.
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In short term, price shown up and down in area between 127.79 and 128.26. Price make a zig-zag pattern that shown in chart tf m15. Now, price go down again and predicted will continue down and touch daily support 1 level (127.77) again.
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Forex Forecast with price level.
GBP/JPY - pair in focus.
Current Price - 140.02
main support level - 139.14
main resistance level - 140.81
Pair likely to be in Sell today.
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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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Daily overview for GbpJpy
The price is finding the first support at 144.41 and the next support is at 143.50 The price is finding the first resistance at 145.07 and the next resistance is at 145.48
--- Trading recommendations for today : Open Sell ---
I predict price will be continued falling today. The first target is the level 144.42 After fixing below the first target, then price will go to the level of 143.82 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.
Standart Pivot Point - Support – Resistance :
Resistent1 : 145.07
Resistent2 : 145.48
Resistent3 : 145.73
Pivot : 144.82
Support 1 : 144.41
Support 2 : 143.50
Support 3 : 143.75
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GBPJPY is ready to top out at the resistance 133.43. This is a very strong resistance that may cause huge pressure to the pair to return its medium downtrend. On the 4 hour chart, the level 131.00 is a good support for GBPJPY to continue intraday uptrend to target the 133.43 potential reversal zone.
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--Today's Overview.
Current Rate is 140.11 and market is in going down.
I recommend "SELL" trade to the point 139.89, which might be profitable.
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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; 140.82
Market Pevot point : 140.62
over all Down movement : 140.27
Running point of today market; 140.31
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
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.
my dear sir today of my tachnical analysis is gbp jpy buy bullish
Resistent1 = 140.80
Resistent2 = 140.92
Resistent3 = 141.05
Support 1 = 140.10
Support 2 = 139.97
Support 3 = 139.85
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.
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