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analysis for today 6 / 10 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 172.18
Retracement (50%) 172.25
retracement (61,8%) 172.31
Extensions (61.8%) 171.63
Extensions (100.0%) 171.42
Extensions (138.2%) 171.21
Extensions (161.8%) 171.08
calculation based on a Fibonacci retracement then today I choose sell
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pair- gbp/jpy
chart analysis time frame- m30
the down movement of the price is below the daily resistance third at the 171.40 and the status of the rsi indicator is oversold. now the price is making doji pattern and followed with bullish candle. long with profit target at 172.00 and stop loss at 171.20
good luck
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analysis for today 6 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 6 / 9 / 2014
OPEN 172.25
HIGH 172.52
LOW 171.97
CLOSED 172.26
The third resistance (R3) 172.52 - ( 172.25 - 171.97 = 0.28 x 2 = 0.56 )= 173.08
The second Resistance (R2) 172.25 + 172.52 - 171.97 = 172.80
First resistance (R1) 172.25 x 2 = 344.50 - 171.97 = 172.53
pivot points 172.52 + 171.97 + 172.26 = 516.75 / 3 = 172.25
Support for the first (S1) 172.25 x 2 = 344.50 - 172.52 = 171.98
Support second (S2) 172.25 - ( 172.52 - 171.97 = 0.55 ) = 171.70
Third Support (S3) 171.97 - ( 172.52 - 172.25 = 0.27 x 2 = 0.54 )= 171.43
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analysis for today 6 / 9 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 172.07
Retracement (50%) 172.15
retracement (61,8%) 172.22
Extensions (61.8%) 171.40
Extensions (100.0%) 171.14
Extensions (138.2%) 170.88
Extensions (161.8%) 170.73
calculation based on a Fibonacci retracement then today I choose sell
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Trading Signal - 09/06/2014 - 10:00 GMT +3
Instrument: GBPJPY
60min CHART
Upwards Strong
The market is testing support at 172.20. We are waiting to see reversal signals in order to reinstate
LONG positions, or alternatively the upward break of the 172.60 resistance level. Next important support the 172.00 level.
Support & Resistances
172.20 172.60
172.00 173.00
171.80 173.60
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analysis for today 6 / 9 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 6 / 6 / 2014
OPEN 172.22
HIGH 172.48
LOW 171.81
CLOSED 172.18
The third resistance (R3) 172.48 - ( 172.16 - 171.81 = 0.35 x 2 = 0.69 )= 173.17
The second Resistance (R2) 172.16 + 172.48 - 171.81 = 172.83
First resistance (R1) 172.16 x 2 = 344.31 - 171.81 = 172.50
pivot points 172.48 + 171.81 + 172.18 = 516.47 / 3 = 172.16
Support for the first (S1) 172.16 x 2 = 344.31 - 172.48 = 171.83
Support second (S2) 172.16 - ( 172.48 - 171.81 = 0.67 ) = 171.49
Third Support (S3) 171.81 - ( 172.48 - 172.16 = 0.32 x 2 = 0.65 )= 171.16
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On the H4 chart, the price is going down within a bearish trend. We are expecting to have it dropped across the market if the selling pressure being established. The forecast is rescinded by having the trend line broken.
http://forex-fa14.blogspot.com/
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analysis for today 6 / 9 / 2014
GBP/JPY
Resistance : R1 172.93 R2 173.18 R3 173.38 R4 173.68
Support : S1 171.77 S2 171.52 S3 171.32 S4 171.02
Open : 172.25
High : 172.52
Low : 172.18
Range : 34 Pips
Running Price : 172.21
Strategy : BUY at the level 172.21 stop loss at the level 171.77 target take profit at the level 173.38 or at the level 173.68
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analysis for today 6 / 6 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 172.02
Retracement (50%) 171.94
retracement (61,8%) 171.85
Extensions (61.8%) 172.71
Extensions (100.0%) 172.97
Extensions (138.2%) 173.23
Extensions (161.8%) 173.40
calculation based on a Fibonacci retracement then today I choose buy
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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