GBPJPY on still nice bulls. The price was break up that 161.8 fib at 141.75. make plan for buy OP is better as long as the price then can move above that 141.75.
Thread: Gbp/Jpy
GBPJPY on still nice bulls. The price was break up that 161.8 fib at 141.75. make plan for buy OP is better as long as the price then can move above that 141.75.
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long positions at 140.60 with 1420.10 and 143.10 as next targets
the breakout of 140.10 will call for arebound towards 139.00
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Today(2-1-13 ) pivot point are-
Resistance 3- 144.27
Resistance 2- 142.64
Resistance 1- 141.78
Pivot point- 140.15
Support 1- 139.29
Support 2- 137.66
Support 3- 136.80
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it so happened that one of the British themselves stronger currencies JPY and one from the very weak ... and here we have almost a festive market, a new high, and the sample is very confident, and secured at auction HIGH believe that a couple should buy when you roll back to the previous levels .. .
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Nice bulls. The setup of breakout at 139.50 was good action and success make this pair more bulls. I see this bulls still nice play as long as the price then can move above that 139.50 (ex. resistance for this pair). So, search again for buy still better idea with SL bellow the ex. resistance 139.50
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gbp/jpy m30 market analysis by adx
adx : 60.1771
+di : 30.3613
-di : 2.2486
date : 31.12.12
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gbp/jpy technical analysis by using : average directional movement index
adx : 29.7769
+di : 27.9092
-di : 6.9825
timeframe : 1 hour
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i love the trends with this pair but what i really hate about this pair is that the spreads are so large compaired to this other ones in the market and that way making thing moure difficult.
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gbp/jpy technical analysis by using : adx
adx : 40.3061
+di : 34.2499
-di : 10.0521
timeframe : h4
time : 1600
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i am muhammad ilyas from www.4everfx.com and gbpjpy is fully bullish,
but if daily close below 139.490 then it should go some down arround 50-100 pips
thanks
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