Thread: Gbp/Jpy
Now this trade at 140.91 today's high is 141.22 and low 140.66,this pair i think trade like eur/jpy because this pair also hold this area so my suggestion are same like eur/jap,so i feel to go for buy on dip because it was a strong buying trend and try to re inter in this trend.
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hi
how are you
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 142.01
stochastic refers that the pair will go up
so our target buy from 141.01 and our target will 100pips
Good luck
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In no way rely completely on the signals..I followed selected signals previously with the aim of caused me colossal loss..So i suspend searching every imply...Straight away i give emphasis to on learning the marketplace by your own mind..And in that case you by hand can create imply and you will besides advantage selected confidence !!!!!!!!
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Is the continuation of forming a tapered triangle consolidation already lasted so normal ... judging is scheduled to be broken and the resumption of normal, strong market ... honestly more inclined towards the northern samples, but so far this market has not been delineated think that is going too early you can get to a lot of false breakouts.
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in the h4 time frame the price is overbought with stoch and cci indicator. these are giving us short signal with cross out from overbought area and in the chart the price at 141.45 is a resistance. we can short this pair with the target support at 139.25
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Gbp/jpy analysis by using : moving averages.
date : 03.06.2013
time frame : 15 min
ema5 : 141.06 signal-sell.
ema10:141..08 signal-sell.
ema20:141.08 signal-sell.
time : 08:30 GMT
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GBP/JPY analysis for March 06,2013 based on daily median
Upwards scenario:
If price move above 141.04 expected target are:
R1 : 141.16
R2 : 141.38
R3 : 141.59
Downwards scenario:
If price move below 141.04 expected target are:
S1 : 140.95
S2 : 140.73
S3 : 140.52
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The rectangular range is formed on GBPJPY. The price is above the SMA 50 and SMA 50 is above the SMA 100. Fisher is in positive area. So, I think the price will break out the range and go up soon.
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Pair : GBPJPY
Updated : Wed, Mar 06 09:09
Price : 140.97
Movement : -11.9 Pips
Movement : -0.08%
Support : 140.15
Pivot : 141.02
Resistance : 141.90
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hi
how are you
we can see in the 4h chart
the pair can not close down the broken up trend line
I see the pair will go to up way to 141.89
so our target buy from 140.89 and our target will 100pips
Good luck
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.
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