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Trading Signal - 27/1/2014 - 10:00 GMT+2
Instrument: GBP/JPY
60min CHART
Downwards Strong
The market is testing resistance at 170.00. We are waiting to see reversal signals in order to reinstate SHORT positions. Nextimportant resistance the 171.50 level.
Support & Resistances
168.00 170.00
167.50 171.50
167.00 172.50
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Daily Analysis for AUDUSD:
GBPJPY intraday bias remains neutral for the moment. With 173.12 minor resistance intact, the correction from 174.84 could still extend lower. Below 168.34 will target 166.57 support and lower. But it breaks 173.12 will indicate that the correction is completed already and bring retest of 174.84 high, we expect major changes on the next day.
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pair- gbp/jpy
chart analysis time frame- m30
bearish engulfing candlestick pattern is formed at the fibo resistance 38.2 price level 169.50. the rsi indicator is also move to the down side. this can expected that price is again in the major trend side. we can short this pair with the take profit at 167.00 and stop loss at the 170.00
good luck.
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.
TECHNICAL ANALYSIS
GBPJPY
TIME FRAME H1
Exponential MA "18" : NEUTRAL
Exponential MA "28" : BEARISH
Exponential MA "50" : BEARISH
Parabolic SAR "0.05/0.2" : BEARISH
MACD "30/60/30" : BEARISH
TREND: BEARISH
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analysis for today 1 / 27 / 2014
GBP/JPY
Resistance : R1 168.52 R2 168.77 R3 168.97 R4 169.27
Support : S1 169.01 S2 168.76 S3 168.56 S4 168.26
Open : 168.67
High : 169.76
Low : 167.77
Range : 199 Pips
Running Price : 169.21
Strategy : SELL at the level 169.21 stop loss at the level 168.52 target take profit at the level 168.56 or at the level 168.26
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.
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.
A lot of steam GBP greatly resembled the last day before the weekend, and now we see that GBP / JPY was a slight slope to the south side and FIHM strong jerk, now the price has to be at the level of 168.50 support, but judging by the last candle downward movement could very easily continue ...
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.
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.
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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