Subscribesell gbp/jpy at the level 141.90 with targets at 140.86 and 139.89, but in case of breaking the level 142.53, then buy above this level with targets at 143.94 and 146.33
Thread: Gbp/Jpy
sell gbp/jpy at the level 141.90 with targets at 140.86 and 139.89, but in case of breaking the level 142.53, then buy above this level with targets at 143.94 and 146.33
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this pair is moving in the down trend. the price is also rejecting at 144.45. this price is acting as a resistance at the time stoch indicator is also giving us short signal. we can short this pair with the target support at 142.95
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sell gbp/jpy at the level 144.40 with targets at 142.53 and 141.16, but in case of breaking the level 145.14, then buy bove this level with target at 146.34 and 147.12
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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.
A downtrend continue again today, but i seeing it is already oversold now and the corrections will be taken for a while. But i expect price will going down and touching 144.15. We can use buying plan after the price breakout 145.00.
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in the h1 time frame the stoch is try to move out from the over sold area but in the chart there is no clear signal. if the price is break the resistance at 145.75 we can long this pair with next resistance 146.00 target. for long signal we must wait for signal by macd indicator also.
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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 analysis for 02.18.2013 by using : pivot indicator.
r3:148.99
r2:147.26
r1:146.12
pivot:144.39
s1:143.25
s2:141.52
s3:140.38
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The price is still on consolidation range in H1 graph. By the way, the bullish trend is more potential to create a new high again. If price breakdown 144.48 then the trend could be reverse into bearish there.
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