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The pair is trading in an upward channel and above the EMA on 4H, at what EMA 8 already came close to break EMA200. that will give a strong buy signal. Still, the pair found resistance at the 151.90 level, strong and twice was an attempt to break through and consolidates above the level, but also an attempt to break EMA200.
With the growth of a pair of bull targets are 154.15, and the upper limit of the uplink.
By reducing the target will be the lower limit of the downward channel + -150.35, and only the sample boundaries will test the strength of a pair of support 149.70.
Based on the provisions of the EMA still more likely to rise to the level of 154.158 pairs, but worth buying after the breakdown of resistance.
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elliott flat correction down 149.37 structure is bearish to 149.42 or 148.68 limit but slowing momentum suggest a correction first to 150.83 or 152.98 zone
support and resistancse
res2 152.98
res1 151.51
piovt 150.15
sup1 148.68
sup2 147.32
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The pair intraday analysis at H1 using williams percentage range and moving average are showing the pair on bullish trend. Try to find good support and set Long order on it. Today SNR :
R3 : 152.37
R2 : 151.77
R1 : 150.99
Pivot level : 150.33
S1 : 149.55
S2 : 148.90
S3 : 148.15
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.
gbp/jpy market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 24.82
+di : 29.10
-di : 18.81
adx(14) levels
adx : 15.84
+di : 20.29
-di : 15.73
time : 1900
date : 17.07.2013
timeframe : 1 hour
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.
time frame- H1
the price break the strong resistance at the 150.90 level and move to the daily resistance at 151.65 level. the rsi indicator is also move out from the over bought level. the price is again moving down side. we can short this pair with the take profit at 150.65 level and stop loss at the 151.80
good luck.
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pair rallies to 152.00
rallied to print above 152.00 and record a high of 152.06 on the back of upbeat UK data and an unanimous MPC
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