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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 153.68 and selling at this point
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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 (153.93) R II (154.44) R III (155.22). and to this day support levels as follows: SI (151.87) S II (151.32) S IIII (150.59)
recommendation:
i think market gbpjpy will bullish until touch R2 or until r3 like usdjpy or eurjpy, my recomendation buy for now and sell limit in r2 and r3
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Of observations by the method of technical analysis I have seen of the currency pairs GBP/JPY and indicators that I use is the Bollinger Bands and fibbo.
It is seen that the position of the forex market are on point 153.71 and there is support and resistance on the (R3=155.21), (R2=154.43), (R1=153.67), (Pivots=152.88), (S1=152.09), (S2=151.38), (S3=150.62)
then I highly recommend you to open position SELL with
Take Profit is equal to 153.41 as well as Stop Loss at point 154.01
so that the target pips for today I think is at 100 pips
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gbp/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 22.08.13
timeframe : 1 hour
time : 1500
market trend : up
adx wilder(14) level
style : 31.87
+di : 29.12
-di : 11.15
adx(14) level
adx : 33.11
+di : 27.68
-di : 9.39
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.
My daily trading,I hope the day is a success ...
GBP/JPY (Daily Trade)
Open : 152.95
Resistance : 153.63 153.83 154.13
Support : 151.85 151.65 151.35
High / Low : 153.78/ 152.63
Range : 115 pips
Running Price : 153.65
for intraday trade today suggest BUY at the level 153.65 , stop loss at the level 152.95, target take profit at the level 153.83 or TP 154.13
===GOOD LUCK===
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Hi,,
in the chart 4h we can see the pair will go to down way in the future
I see the pair will go to 152.60
I expect from this analyze that the price will go to down way
so sell from 153.59 to 152.60
good luck
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today i like to sell this pair @ 153.83
my stop loss of the day @ 154.17
half take profit for today @ 153.46
and further half take profit @ 153.16
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Technical Analysis – Prices are testing resistance at the top of a Triangle chart pattern (152.92), a setup hinting at consolidation preceding bullish trend continuation. A break higher on a daily closing basis initially exposes the 38.2% Fibonacci expansion at 154.29. Near-term support is at 151.54, the 23.6% level, with a move below that eyeing the Triangle bottom at 147.78.
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