Thread: Gbp/Jpy
Third Resistance | 159.3533
Second Resistance | 158.7867
First Resistance | 158.4433
Pivot Point | 157.8767
First Support | 157.5333
Second Support | 156.9667
Third Support | 156.6233
Currently near to third resistance. If break can go furthur up if turn back set your sell target to second resistance and then first resistance.
Happy Trading
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GBP JPY attempts continue to provide bullish bias as expected in the last period if the price settled above 156.80 to begin recording new top as appears in the above image, we still waiting for forming strong bullish wave in the near period to reach the waited target around 159.40, which breaching it will support the resumption of the positivity to achieve 160.40 as a second target. Stochastic begins by breaching 80 level to support the continuation of the price attempt to achieve the previously mentioned targets.
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gbp/jpy
if we see the market with two indicator adx wilder(14) & adx(14) in 1 hour timeframe.the value of two diferrent indicator shows us that
adx wilder(14) level
style : 17.74
+di : 27.13
-di : 13.94
adx(14) level
adx : 28.94
+di : 25.43
-di : 14.68
so we can decide that the market trand is : up
timeframe : 1 hour
time : 0900 gmt
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GBP/JPY pair is now strongly bullish power. The price already touched daily resistance 2 level (159.054). I think the price may touch daily resistance 3 level (159.735).
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Gbp/jpy analysis :
date : 09.19.13
time : 09:30 GMT
time frame : 15 min
current rate :159.03
high : 159.59
low : 158.01
net change : 0.61%
overall trend : strongly bullish.
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Maine soch raha ki ye hammer price ko upar jane ke liye signal dita, lekin idar H1 chart me hammer form hua ta ise liye 50-60 pips upar ja sakta hai, ise hamer dina ka ya 4 ganta ka chart me mila to jada pips kama sakta hai.
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Gbp/jpy analysis for 09.19.2013 by using pivot indicator.
r3: 159.66
r2: 158.93
r1: 158.12
pivot: 157.39
s1: 156.58
s2: 155.85
s3: 155.04
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GBPJPY are on bullish trend. It was traded above the Monthly, Weekly, and daily MA. It may continue to rise i think. Wait till the price at oversold condition When WPR at -100 and set Long order at this Pair.
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Gbp/jpy analysis :
date : 09.19.13
time : 03:30 GMT
time frame : 15 min
current rate : 158.65
high : 158.81
low : 158.01
net change : 0.35%
overall trend : slightly bullish.
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hi
we can see in the 4h chart
the pair can close up the up trend line
i see the pair will go to up way to 159.34
stochastic refers that the pair will go up
so our target buy from 158.34 and our target will 100pips
Good luck
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