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.
Thread: Gbp/Jpy
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.
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Trading Signal - 18/09/2015 - 10:00 (GMT +3)
Instrument: GBPJPY
Time : 60min CHART
Trend & Condition : Upwards Weak
A Medium probability, entry signal to go LONG will be given with the upward break of 187.40 after the market found support at
186.38. Only the downward break of 186.38 would cancel the bullish scenario.
Support & Resistances :
186.38 187.91
185.44 189.44
183.91 190.38
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Gbp/Jpy is a very good currency pair that can make you to be profitable on time, and it is also risky in trading with this pair, because of there high stop loss level. The spread that is been charge on it is too high also.
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We note that the price Tjazo moving average, that will confirm the bullish continuity for the coming period and thus trying to reach the next goal, which extends towards 189.80.
Expected trading range between 185.00 and 187.80.
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pair- gbp/jpy
time frame analysis- m15
technical analysis-
the price is in the down trend side but moving up from the 186.07 level. this up movement also break resistance trend line at 186.45 level but now the stoch indicator is overbought so it may again falling down side. hold the short entry with stop loss at 187.30
good luck.
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Achieved price of the pair's initial goal and expected previously about 187.80 with some attempts to score more goals to Atvaji pressing the negative submitted by the MA 55, the above will force the price to provide some sideway trading Due to oppose the moving average with a positive stochastic and limited trading between the level of 185.00 and the level of 188.00.
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gbp/jpy ka to aisa lag raha hai, jaise ki uper ka trend to khatam hi hone par nahi aa raha hai, ismein uper ki aur movement kafi ho rahi hai, bhai waise to agar is pair par sahi trend pakad liya jaye, to ache pips to mil sakte hai.
Sabka Malik Ek
Spammers Hate Me
Keep the price of the pair on the stability above the support level of about 183.80 to acquire this determination strong positive and note recorded good goals by reaching the level of 187.00, so we will continue tipping upside bias until the achievement of price first target at 187.80 and then try to achieve the next target around 189.50.
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Realized price pair trades recent level of 187.30, approaching from the initial target for the previous forecast but note stationed above the level of 185.00 to support Tmaxh control the rising tendency at the moment, so we will stay pending exceeded the price to the level of 187.80 to open the door for him to score more goals starting from 189.50 and 191.80 respectively.
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preference: Long Center for the purchase of over 185.6. Target 187.3,187.50,188.00
Alternative scenario: Breaking under 185.6, to open 185.05,184.70
Technical comments: Prospects resume climb after the end of the corrective movement downward.
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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