The GBP/JPY In line 4H There are two consecutive summits
every top of the low of her pervious summit is
an indication of the low is uncertain,
and I expect his arrival to the resistance line at
the point of 153.99 and selling at this point
The GBP/JPY In line 4H There are two consecutive summits
every top of the low of her pervious summit is
an indication of the low is uncertain,
and I expect his arrival to the resistance line at
the point of 153.99 and selling at this point
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this pair looks like it is in an uptrend so i would suggest to traders to make a buy trade and place the necessary take profit and stop losses
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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.
My daily trading,I hope the day is a success ...
GBP/JPY (Daily Trade)
Open : 153.89
Resistance : 154.85 155.05 155.35
Support : 153.69 153.49 153.19
High / Low : 154.69/ 153.85
Range : 84pips
Running Price : 154.24
for intraday trade today suggest BUY at the level 154.24 , stop loss at the level 153.85, target take profit at the level 155.35
===GOOD LUCK===
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gbp/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 23.08.13
timeframe : 1 hour
time : 1300
market trend : up
adx wilder(14) level
style : 49.53
+di : 27.09
-di : 7.12
adx(14) level
adx : 54.70
+di : 21.10
-di : 5.43
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on currency pairs GBP/JPY I have predicted that there is a signal SELL in the time frame H1
because I was referring to the indicator fibbonaci to see support and resistance at R3=156.24, R2=155.33, R1=154.41, Pivots=153.52, S1=152.63, S2=151.83, S3=150.99
so I suggest to perform the requisite order SELL to
Take Profit 154.28 and Stop Loss 154.88
a target is likely to move by 70 pips
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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.
on the opening day, the GBPJPY is above the BS band. and direction of daily LSMA also up. BS also neat bands like stair climb. then only one option ie buy. to sell at this time is still very dangerous because there is no sign to sell. if prices keep rising it will be towards 154.47. but if the price goes down then the price will be towards the 153.77 BS daily band. to buy, safe if the price is above the daily LSMA.
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The following data is predicted based on indicators that we use for the currency pair GBPJPY today, for today's resistance levels as follows: RI (154.61) R II (154.98) R III (155.87). and to this day support levels as follows: SI (152.68) S II (152.06) S IIII (151.54)
recommendation:
place your sell stop at 153.32target profit at 153.12 (Seller zones)
place your buy stop at 153.72 profit target at 153.92 (buyer zone)
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Daily pivot Fibonacci points: Resistance levels: R1: 154.02 R2: 154.34 R3: 154.70 Support levels: S1: 152.97 S2: 152.65 S3: 1152.17
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