Thread: Gbp/Jpy
How much the price of the pair negative trading strong since yesterday strongly influenced by the Japanese yen and surpassing the first and stable around the 166.00 level goal, now we are waiting for the formation of a new price for negative waves to try to reach it toward the next target and former stable at 163.00 to the report.
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gbp jpy
Support: 164.78
resistant: 168.71
price holds support. and towards new resistant to action pulback or may be up back. GJ seen in H1 timeframe will lead to resistant. to do a better entry waiting in resistant and put a stop loss. sell entry only. because the trend still looks down. there are no signs of trend reversal.
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Still the price of the pair are trapped until trading this morning between major hubs of resistance at 174.90 and the support level stable around 171.25, so we will stay on the sidelines until the liberation of one of the previous levels and then wait to achieve new goals according to the data mentioned earlier period.
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GBP / JPY
support 1: 171.23
support 2: 168.57
resistant 1: 173.68
resistant 2: 174.90
in H1 temframe still visible in up trend. do actions supported buy one and do not forget to put a stop loss. and do well to buy if price able to break support at first did in the support 2 and do not forget to install a stop loss. alert resistant 1 and 2.
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The price of the pair trades affected by yesterday strongly stable resistance around 174.90 to be forced then to form fluctuations negative instantaneous and maintains the lateral stability between the main axes, mention the stationing of resistance at 174.90 while support is still firming at 171.25 to stay on the sidelines until the liberation of the price of these levels and then to define the goals mentioned by expectations the previous report.
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hanji jaise aapne yahan charte me bataya hai ye pair me kal he bahut jada up hua hai kyunki jpy kaafi weak hua hai rate interest ki wajah se ,esme abhi clear market ka pata nahi hai kyunki gbp bhi kaafi weak hai..Originally Posted by pipseeker
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Realized price pair yesterday a clear breach of the resistance of around 171.25, prompting him to record positive goals clear of his arrival to 174.15, the above works to postpone the negative outlook and influenced by price positive control instantaneous to expect attempt to register it to the level of 174.90 and then watching his disposal to determine the expected targets for the next period.
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I hit my target on my counter trade setup as I mention in my previous post
Last edited by pipseeker; 2016-01-30 at 12:19 AM.
My short term trade set up.
my structure analysis provide a nice counter trade setup.
I think its the time to retrace.
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