Subscribewe can see in the 1d chart
the pair will go to down way to the down trend line
i see the pair will go to down way to 148.53
stochastic refers that the pair will go down
so our target sell from 150.53 and our target will 200pips
Thread: Gbp/Jpy
we can see in the 1d chart
the pair will go to down way to the down trend line
i see the pair will go to down way to 148.53
stochastic refers that the pair will go down
so our target sell from 150.53 and our target will 200pips
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we can see in the 4h chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 151.53
stochastic refers that the pair will go up
so our target buy from 150.53 and our target will 100pips
Good luck
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I have seen some quick downside Momentum in the pair and But as long as 149.50 protecting the downside for the pair
I would really like to see the test of 153.00 Which should be done for the pair And the we will see the break of 149.50 and test of 147.70
extreme support and we need a break below 147.70 to see the pair carry towards 145.50 which should be break for the one last and powerful decline. But only time
tell who price unfolds towards but we should break 149.50 for any downside pressure to build
Regards
Check the chart
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we can see in the 1d chart
the pair will go down to fibo 50.0
I see the pair will go to down way to 147.31
stochastic and stochastic refers that the pair will go down
so our target sell from 150.53 and our target will 320pips
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we can see in the 1h chart
the pair can close up the up trend line
i see the pair will go to up way to 151.53
so our target buy from 150.53 and our target will 100pips
Good luck
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great britesh pound is strong start the euro market and basically ye 40-60 pips ka uptrend 80% chance hai ki dega.
---------- Post added at 09:09 PM ---------- Previous post was at 09:05 PM ----------
sabse jada chance hai euro market open hote hi 10-20 down hone ke baad 70-80+ pips uptrend karenga...
and sathe gbpjpy bhi going to up 80% chance hai..
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However i am agree with gururaj that pair has closed under 126.00, that's mean the down trend is expected and the pair might head to 125.30 then 125.00 ,so that the pair made a hourly correction just waite and watch
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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 : 24.48
+di : 19.53
-di : 19.81
adx(21) levels
adx : 19.56
+di : 21.26
-di : 11.92
time : 2300
date : 06.07.2013
timeframe : 1 hour
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The pair still below the pivot level, it was closed at 150.63, when the pivot level are on 151.20. It was make small movement on the last week, only 10 pips after a week, means the pair are on consolidation, make attention to the pivot level, if the price are still traded below the pivot the bearish may continue. So, still wait and see for this pair.
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elliott flat correction down 149.53 market should not go lower than 150.53 - 149.75 after this move down it should go up to 151.82 - 152.33 area
support and reisstances
res2 153.89
res1 152.33
piovt 151.31
sup1 149.75
sup2 148.74
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