today i like to sell this pair @ 156.20
my stop loss of the day @ 156.56
half take profit @ 155.87
and half @ 155.57
today i like to sell this pair @ 156.20
my stop loss of the day @ 156.56
half take profit @ 155.87
and half @ 155.57
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i see the pair will go to up way to 157.03
stochastic refers that the pair will go up
so our target buy from 156.03 and our target will 100pips
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the pair can close up the up trend line
i see the pair will go to up way to 156.78
stochastic refers that the pair will go up
so our target buy from 155.97 and our target will 80pips
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the pair can close up the up trend line
i see the pair will go to up way to 156.71
so our target buy from 155.71 and our target will 100pips
![]()
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technical analysis for Gby/jby by using price action strategy
market time 14.00
chart time frame 1h
open 155.78
buy 1.5578
tp 1.5595
sl 1.5550
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for the currency pair GBPJPY I recommend you to do a buy order if price able to break out of the zone seller 156.05, maybe you should put a buy stop at the price of 156.25 to take profit can be set 40 pips, because I think after GBPJPY did retrace the morning when after market open, gbpjpy formed a prisoner under a strong and allow for re-bullish
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gbp/jpy market analysis by using : average directional movement index on 20.05.2013
adx : 31.9529
+di : 4.9054
-di : 16.3257
time : 1300
timeframe : 1 hour
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Pivot levels today:
R3: 158.62
R2: 157.65
R1: 156.83
PP: 155.88
S1: 155.06
S2: 154.10
S3: 153.29
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 154.10.
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The level of resistance for the pair marked on the chart, from this resistance level with the next couple of weeks could well form a deeper corrective decline and even as I wrote earlier in the downward trend will change, but for selling the pair needed again retreat from current levels, buying a pair of not even consider the breakdown of resistance./![]()
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Gbp/jpy pivot levels by using fibonacci pivot indicator.
r1: 157.36
r2: 156.97
r3: 156.73
pivot : 156.33
s1: 155.94
s2: 155.70
s3: 155.31
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