Gbp/jpy analysis for 06.28.2013 by using pivot indicator.
r3: 151.85
r2: 151.20
r1: 150.60
pivot: 149.95
s1: 149.35
s2: 148.70
s3: 148.10
Gbp/jpy analysis for 06.28.2013 by using pivot indicator.
r3: 151.85
r2: 151.20
r1: 150.60
pivot: 149.95
s1: 149.35
s2: 148.70
s3: 148.10
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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.
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.
pair has done the choppy price action again today with no break below 149.70 Chart is the same neither it has been able to break above 150.50 so As far as 150.50 is offering support on daily I would expect price to break below 149.75 So no trade today But if we manage to break below 149.75 tomorrow on H4 then even it would be very risky As we get a break today as well below 149.75 but At the end of day matters so I wont recommend any entry stay away till the Monday and expect it break below 149.75
and then test of 147.40 will push the pair under tremendous pressure and break there will trigger short for the first objective of
142.50
regards
check the chart
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elliott flat correction down 148.55 market should not go lower than 149.47 - 148.83 after this move down it should go up to 150.54 - 150.97 area
res2 152.25
res1 150.97
piovt 150.11
sup1 148.83
sup2 147.97
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we can see in the 1h chart
the pair will go to down way to the down trend line
i see the pair will go to down way to 148.92
stochastic refers that the pair will go down
so our target sell from 149.92 and our target will 100pips
Good luck
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today i like to sell this pair @ 150.35
my stop loss of the day @ 150.67
half take profit for today @ 150.00
and further half take profit @ 149.59
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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 remains trading in tight range between 149.10 and 151.70 in the last period, keeping the positivity within the bullish channel, we remind you that the stability of the channels support level supports the positivity in the near and medium period reaching to 151.80 then 153.20, while in case breaking below the support level, the negative scenario will begin achieving negative levels to reach 147.40. Accordingly, we continue in expecting the positivity if the main support level remains intact to achieve 151.0 then 153.20.
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