SubscribeUpdate: 13 December 2013
resistance3: 169.33
resistance2: 168.76
resistance1: 168.28
Key point: 167.61
support1: 167.20
support2: 166.76
support3: 166.10
Buy: 167.85
Short target: 168.24
Long target:168.71
Thread: Gbp/Jpy
Update: 13 December 2013
resistance3: 169.33
resistance2: 168.76
resistance1: 168.28
Key point: 167.61
support1: 167.20
support2: 166.76
support3: 166.10
Buy: 167.85
Short target: 168.24
Long target:168.71
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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.
Analysis for today13/12/2013
Resistance4: 170.54
Resistance3: 170.01
Resistance2: 169.54
Resistance1: 169.00
Pivot Point: 168.55
Support 1: 168.01
Support 2: 167.54
Support 3: 167.21
Support4: 166.80
Good luck
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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.
But for GBPJPY of temporary stay under 170.05 so far and intraday bias remains neutral first. Near term outlook will remain bullish as long as 165.86 support holds. Above 170.05 will target 161.8% projection of 147.61 to 159.98 from 156.63 at 173.72 next. However, break of 165.85 will indicate a short term topping, on bearish divergence condition will bring deeper pull back to 161.79.
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the pair price already touched daily support 1 level (168.30) and above trend line.
Now the price try to move up ward.
I think the price may touch daily pivot point (169.10).
so buy now from 168.71
the pivot point will be my target
stop loss will be down the support 1 level (168.30)
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today i like to sell this pair @ 169.40
my stop loss of the day @ 169.80
half take profit for today @ 169.04
and further half take profit @ 168.78
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analysis for today 13 / 12 / 2013
GBP/JPY (Daily Trade)
Resistance 3 170.25
Resistance 2 169.95
Resistance 1 169.75
Pivot Point 168.99
Support 1 168.96
Support 2 168.76
Support 3 168.46
BUY 169.75 STOP LOSS 168.96 TAKE PROFIT 169.95 OR 170.25
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Trading analysis for 13th Dec, 2013. GBPJPY in DAILY chart shows bullish trend. At present the price breaks the 1st resistance level i.e., 169.485. Long on reversal and put a target of take profit of 2nd resistance i.e., 169.989. If 2nd resistance breaks then next strong resistance is 171.864.
Pivot: 168.547
Resistance levels
R1 169.485
R2 169.989
R3 170.927
R4 171.864
Support levels
S1 168.043
S2 167.105
S3 166.601
S4 166.096
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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