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gbp/jpy last day market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 10.92
+di : 15.38
-di : 22.32
adx(21) levels
adx : 15.37
+di : 9.90
-di : 19.59
time : 2300
date : 13.07.2013
timeframe : 1 hour
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I am looking forward to buy at 147.90 level because the BOJ left their policy unchanged and also the market isexpect that the Bank of England will easing their currency by bond buying. In this case, the fall will be extended to that level if 148.50 is broken.
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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.
GBP/JPY intraday: BULLISH trend dominates. the pair has hit against its resistance and is facing a rebound ahead for uptrend direction.
Pivot@ 148.85
My choice: Open BUY trade over 148.85 with targets at 150.65 and 151.15 in extension.
Alternate choice conditions: Under 148.85 search for further down-side with 148.2 and 147.4 as targets.
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This is one of the thing that you have to say that pairs is one that you have to be sure that is you havenye to be sure that whenyou opening the two markets but they have a big movement
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.
elliott flat correction up 151.41 it looks set for gains to 150.95 support at 149.61 and 149.26 abreak of 148.26 abreak of 148.26 will damage this bullish structure
support and resistances
res2 151.64
res1 150.95
piovt 149.94
sup1 149.26
sup2 148.26
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today i like to sell this pair @ 149.88
my stop loss of the day @ 150.22
half take profit for today @ 149.53
and further half take profit @ 149.24
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time frame- H4
the price is moving in the down trend channel pattern now it is at the resistance side of the channel at 150.50. the macd indicator is showing us up trend but the price may be rejected form this level. we can short this pair with the take profit at 148.00 and stop loss at the 150.90
good luck
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