Thread: Gbp/Jpy
We note that the attempt to drop the price below 192.10 could postpone the bullish attack nearby for the period and opens the way for the price to test the 23.6% Fibonacci and stable around 189.00 before the previously expected positive impulse.
Expected trading range between 192.10 and 196.15.
General tendency is expected for today: UP.
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The price of the pair influenced some trades corrective bearish during yesterday's close of the initial support of around 192.10 to form in preparation for the attack positive again in the coming period, so it will tilt upward existed until the assembly price for the determination of a rising new and then to await the arrival of the first target at 196.15.
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Repeat the price of the pair formed side waves during the recent period of his liberally stochastic indicator of the level of saturation of the purchase, placing enormous pressure on the price is negative for the current period, but since the price is still above the level of 192.10, the weighting rookie will remain in place until the arrival of the level of 196.15 to constitute a target period nearby and medium.
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gbp jpy bhut he big pair hai is mai ap ko daily movement achea he mil jati hai magar humy yai bat samjhny ki zrurat hai k withour reason humy koi bhi selection nahe karni hoti hai bilkul kam karny k leyay humy kafi zaydah hard work ki zrurat hoti hai tabhi he best work possoble hai...
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.
bhai gbp kafi jayda weak hai, aur is wajah se humare ko abhi trend down hi mil raha hai, waise bhi ye kafi jayda uper hua hai, to ab iska retreace hona paka hai, down par hi rakhna bhai acha hoga.
Sabka Malik Ek
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Stochastic is still stable within the overbought level in spite of a negative composition to prompt what supports the attempt to assemble a rising price for the determination of a new confirmation of the attempt and the arrival of the objectives previously stated.
Expected trading range between 192.10 and 195.70.
General tendency is expected for today: UP.
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.
pair- gbp/jpy
time frame- m15
technical analysis-
the price is making double top chart pattern with having resistance at 193.85 level and then nick line of the support at 193.30 level. the stoch indicator iss moving out from the overbought level so down movement can expected. short with take profit at 192.73 and stop loss at 193.70
good luck.
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The price of the pair affected trades on Friday, some of the negative rebound resulting from trying to compile price upside momentum for the start of trading this morning the formation of prompt rising to close again from the level of 194.00, recall that the stability of the price above the initial support 192.10 makes us expect more of the profits, which starts from the top level of the former investigator about and then breaking through 195.70 will open the door to attempt the price reaches new goals may extend towards 199.00.
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Actually this pair trade above all the moving averages so i can say that the GBPYen can still bullish in the next few days because the GBP still very strong and the YEN i not the safe heaven anymore after the Greece deal.
Last edited by Joey11; 2015-07-19 at 11:23 PM.
The formation of the level of 192.10 to support initial attempts before emerging to rely mainly on the stability of the previous level to avoid any attempt to reverse swing the unexpected.
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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