Thread: Gbp/Jpy
analysis for today 1 / 29 / 2015
GBPJPY
Resistance : R1 178.65 R2 178.90 R3 179.10 R4 179.40
Support : S1 177.80 S2 177.55 S3 177.35 S4 177.05
Open : 178.43
High : 178.55
Low : 177.90
Range : .65 Pips
Running Price : 178.04
Strategy : BUY at the level 178.04 stop loss at the level 177.80 target take profit at the level 179.10 or at the level 179.40
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GBPJPY is Bullish today
Price is currently testing resistance at 178.70
As a trading strategy, chances sell at the level 178.70
with potential targets to the range 178.90 - 179.20
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gbpjpy i recomended to wait and see or open in another pair because depending on my chart in timeframe hourly... gbpjpy is flat when moving averave daily and weekly is flat its mean gbpjpy will flat so better i recomended to wait and see
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Spoiler:
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Daily Forecast
Pair: GBPJPY
Major Trend: Bearish
Time Frame: sideway
Reason: Market has established a weak support at 177.89, and the weak resistance at 179.12. Predicted for today, the market will bounce back to the price of 179.12
Recommendation: Buy now premises targets 179.12
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I think that we should awit until the price break the support level at 178.59 than we get in short position with take profit at 177.82.
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analysis for today 1 / 28 / 2015
GBPJPY
Resistance : R1 179.35 R2 179.60 R3 179.80 R4 180.10
Support : S1 178.52 S2 178.27 S3 178.07 S4 177.77
Open : 179.09
High : 179.27
Low : 178.60
Range : .67 Pips
Running Price : 179.21
Strategy : BUY at the level 179.21 stop loss at the level 178.52 target take profit at the level 179.80 or at the level 180.10
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Daily Forecast
Pair: GBPJPY
Major Trend: Bullish
Time Frame: Daily
Reason: On Tuesday last, the price closed above the weekly pivot point (178.52). And today the area has been corrected. Predicted the price will go to weekly resistance area 2, at the price of 181.47
Recommendation: Buy now
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GBPJPY is Bullish today
Price is currently testing resistance at 179.40
As a trading strategy, chances sell at the level 179.40
with potential targets to the range 179.60 - 179.90
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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 beofre going more down we may see some up movement again to hit the Upper trendline....
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I think that the black trendline decree below will make the price fall down, that's why we can get in shot position with take profit at 177.20.
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