GBPJPY weakened since failed to break resistance at 129.65. Key short-term support area is located between 127.04 and 126.71. Resistance at 128.85. A series of higher lows more towards the bullish bias.
Thread: Gbp/Jpy
GBPJPY weakened since failed to break resistance at 129.65. Key short-term support area is located between 127.04 and 126.71. Resistance at 128.85. A series of higher lows more towards the bullish bias.
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I use scalping strategies on this currency pairs Gbp/Jpy so I prefer the short time that is the timeframe M15 and M30,
that's position market on 170.65 then also there are some indicators that I use as the Bollinger Bands is DOWN TREND, ADX is DOWN TREND, Stochastic is DOWN TREND.
Then consider the position if the market trend is moving toward more leads TREND DOWN,
then I strongly encourage you to order SELL at current market at 05:16 and use a stop loss and take profit of 50 pips
is the take profit at 170.35 and stop loss at 170.95
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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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Forex Forecast with price level.
GBP/JPY - pair in focus.
Current Price - 148.27
main support level - 147.56
main resistance level - 149.03
Pair likely to be in Sell today.
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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.Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 125.65, targeting 124.70 and then 123.85 and stop loss with 4-hour closing above 126.65 might be appropriate
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bullish trend seems to be taking place on the gbpjpy pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
gbpjpy bullish trend can continue , now current price at 147.55 and strong support at level 147.35 in hourly time frame. there is possible chance price will move to up side. then next high price is 148.05
I suggest to entry BUY with stoploss at 147.20 and take profit at 148.05
I hope you can earn consistent profit from my signal, good luck
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cute1 (2018-10-13), danish555 (2018-10-13), FA148P (2018-10-13), m148 (2018-10-14), NOOR151 (2018-10-18), PAK786 (2018-10-22), sajidhabib (2018-10-13), sarfraz786 (2018-10-13), snake (2018-10-13), sridevi (2018-10-13), Unregistered (1)
if this pair manage to break today high tommorow then we can enter the long order.......it has a divergence pattern on the daily chart so this is a good opportunity to enter long with 136 for the tp
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I try to make analysis for GBPJPY pair today.
I see this pair still in strong bullish movement . If this pair can break the 147.80 resistance level, I predict this pair will go up to the next resistance level at 148.30 But if this pair go down and break 147.30 support level, I predict this pair will make some correction to the next support level at around 146.80
Buy signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Buy with stoploss at 147.45 and take profit at 148.30
Don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
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.
00923027642346 (2018-10-13), FA148P (2018-10-13), NOOR151 (2018-10-18), Pak003 (2018-10-15), PAK786 (2018-10-22), sajidhabib (2018-10-13), Shahzada (2018-10-23), sridevi (2018-10-13), Unregistered (2), yulbang111 (2018-10-13)
Maine soch raha ki ye hammer price ko upar jane ke liye signal dita, lekin idar H1 chart me hammer form hua ta ise liye 50-60 pips upar ja sakta hai, ise hamer dina ka ya 4 ganta ka chart me mila to jada pips kama sakta hai.
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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GBP/JPY currency pair.
forecast Date - Fri Oct 12 2018
Today forex signal - Buy.
Support 3 - Support 2 - Support 1.
146.88 - 147.35 - 147.84
Resistance 1 - Resistance 2 - Resistance 3.
148.80 - 149.27 - 149.76
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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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