my dear sir today of my tachnical analysis of today Gbp/Jpy sell
Today Trend is:bullish
Resistance level today,s is
Resistance is:145.74.
Resistance is: 146.12
Resistance is: 146.77
Support is: 144.85
Second is 144.37
Support is:143.89
my dear sir today of my tachnical analysis of today Gbp/Jpy sell
Today Trend is:bullish
Resistance level today,s is
Resistance is:145.74.
Resistance is: 146.12
Resistance is: 146.77
Support is: 144.85
Second is 144.37
Support is:143.89
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Gbpjpy entry point
buy----------buy---------buy
chart day d1
current point 145.38
take profit 145.70
stoploss 145.20
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analysis of several indicators that I use on gbp/jpy currency with M30 and H1 timeframes are in the form of pivots indicator R3=169.66, R2=169.11, R1=168.56, Pivots=168.01, S1=167.46, S2=166.91, S3=166.36 indicates the following as well as I use other indicators such as zona trade that displays the zona signal Oversold on market position 168.08 so that the most appropriate step is to conduct an open position BUY with a stop loss of 167.88 and take profit at 168.28
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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)
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After the bearish motion of the pair , it has faced the strong support level @ 125.36 (50.0%) then it started to move up , i expect more rise for this pair till it correct its position and hit the resistance level @ 127.24 (61.8%) , it can be our first target point , Good Luck
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Fibonacci pivot point calculation
Pair = gbp/jpy
Date = Tuesday, February 25, 2014
Time frame = Daily
Resistance 3 = 171.45
Resistance 2 = 171.07
Resistance 1 = 170.83
Pivot Point = 170.45
Support 1 = 170.07
Support 2 = 169.83
Support 3 = 169.45
I hope these daily calculation can be used to help your forex trading
use it wisely and hopefully useful.
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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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Movement of this pair will tend sideways because affect of hma 192 that shown green colour and hma 860 that shown red colour. Now price moving between both hma. Price is estimated affected movement of hma 32 and it is tend bullish. Look that price affected by stochastic signal in tf h1 so buying position is recommendated if that signal move up after in oversold area.
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GBP...JPY
techncal analysis gbp/jpy
this is a sensitive price rate.
the price gbp/jpy buying point is 145.67 and the selling point 145.58
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as expected this pair making a strong bearish movement right after the news release yesterday......and the support line has been broke by yesterday move but becareful i think this pair is nearing the low and the major revesal will happen soon.....watchout at 129 - 128 area to enter long next week
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