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Thread: Gbp/Jpy
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gbp/jpy technical analysis by using : adx on 26.01.2013
adx : 49.3662
+di : 23.1731
-di : 4.7017
timeframe : 4hour
time : 2000
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buy gbp/jpy at the level 143.32 wit targets at 144.89 and 145.20, but in case of breaking the level 142.72, then sell at this level with targets at 141.11 and 140.07
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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.
Technical Analysis for GBP JPY pair is currently saturated propelled RSI index broke through resistance 143.70 expect goods falling now, but If further climb expect climb to 144.80 and falling, God willing
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gbp/jpy technical analysis by using : adx
adx : 39.25
+di : 26.0061
-di : 6.8211
timeframe : h4
time : 0800
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gbpjpy previous day range 302 points, 25% of the range 76 points
Enter Buy at 143.30, stop loss at 141.79, max take profit 144.76
Enter Sell at 141.79, stop loss at 143.30, max take profit at 140.64
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market setbacks are fine supported on dips below 125. 00 and then we look regarding the formation of the recent medium-term higher low close to the psychological barrier prior consequent major upside extension back towards and eventually through 140. 00.
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Spoiler:
On the hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI line cross above the 50 area, indicates the trend is still up
Recommendation: BUY
Take profitt:144.68
Stop Loss :141.67
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.
Technical Analysis for GBP JPY , Pair today in a rally and broke through resistance 141.72 and is now saturated propelled RSI front of resistance at 142.63 expect him falling now, but in the case of boarding expect bounce of 142.63 but still the pair rally
Last edited by mahmoud2000; 2013-01-24 at 11:40 PM.
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