SubscribeContinued negative outlook on the pair so the expectations were high to continue the bearish trend.Targeting pair of this decline to reach the level: 141.85 - 141.40 . Provided continue to maintain trading below the resistance level: 143.00
Thread: Gbp/Jpy
Continued negative outlook on the pair so the expectations were high to continue the bearish trend.Targeting pair of this decline to reach the level: 141.85 - 141.40 . Provided continue to maintain trading below the resistance level: 143.00
GBPJPY rejected by support level at 141.80, the pair is now climbing to 142.85, and may continue to 143.59, however if the pair re-test the support level, and successfully break it, it is possible to go down to as low as 141.06
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The pair is forming a Triple top configuration, this is a great sign of reversal of the major Trend. now I have to wait until seeing the price forming lower low and lower high to peek a good entry shorts.
Last edited by MTEBESSI; 2013-01-29 at 06:20 AM.
Couple fulfills correction, minimum objective is to support at 139.60. If this support breaks, which I really doubt, the objectives will be the most significant. So far, just waiting for development, as well as the sale of the trend to retest 144.00 missed a short stop, but now I see no sign rational view of the large foot
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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.
Forex is a complicated subject, but it has its rewards for the one who is patient and persistent. Forex trading generally happens with these 4 currency pairs, viz. Euro against US dollar, US dollar against Japanese yen, Grand British pound against US dollar, US dollar against Swiss franc. To know more about it, a basic understanding of how to get started with it is an absolute necessity. One can as well opt for a Trading Course to get to know about the basics. A basic Forex Trading guide will cover the aspects from opening up a demo account to selecting your strategy.
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.
Daily Analysis fot the pair of GBP JPY , The pair now stand at the strong resistance at 142.72 expect rebound from here, but in the case of breakage expect him falling to 141.76 and the rise of that God Almighty
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.
kridna ka soda faydemand rahega..
127.33 traget for long term traders.
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 technical analysis by using : adx on 28.01.2013
adx : 37.2025
+di : 13.0735
-di : 16.3046
time : 1200
timeframe : 4 hour
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buy gbp/jpy at the level 142.42 with targets at 143.53 and 144.31, but in case of breaking the level 141.73, then sell at this level with targets at 140.53 and 139.93
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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