SubscribePair for the rise to continue to maintain trading above the support level of 127.10
This climb is targeted to reach levels 127.80 - 128.10
But break the support level opens the way to reach 126.65
Thread: Gbp/Jpy
Pair for the rise to continue to maintain trading above the support level of 127.10
This climb is targeted to reach levels 127.80 - 128.10
But break the support level opens the way to reach 126.65
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 : average directional movement index
adx : 26.1355
+di : 21.7949
-di : 10.8537
timeframe : 1 hour
time : 1700
date : 18.10.2012
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.
Elliott: common flat correction up 127.82
Currently uptrend should end around 127.96 - 127.86 area. A correction down to below 126.96 is expected. A rise above 128.22 will abort the expected correction.
Warning: End of trend - Imminent end of bullish move
Technical points
Key point 127.8500
Entry point 127.4800
Elliott 124.7500
Closing 127.5000
Projection 127.8200
Trendline 127.0300
Trendline 127.3900
Supports / Resistances
Res 2 128.2200
Ex-High 127.6800
Res 1 127.8600
Pivot 127.3200
Sup 1 126.9600
Ex-Low 126.7800
Sup 2 126.4200
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.
18/10/2012 GBP/JPY Full Detailed ForeCast
Pivot point (level of invalidation): 127.1
Our preference: LONG positions at 127.25 with targets at 127.8 and 128.1 in extension.
Alternative scenario: Below 127.1 we expect further downside with 126.65 and 126.25 target.
Technical Comments: the resistors are subsequent to 127.8 and then to 128.1.
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.
The trading range for today is among the key support at 126.15 and the key resistance at 129.05
The short term trend is to the downside target at 112.00 intact 150.00
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.
Recently, the pair shown a very dense growth of small candles ... but almost all white, it means that growth can continue for a long time ... Now we see that the pair went to the resistance and a small candle rollback rollback ... but I think will be about 127.20 to survive if you think there are chances of the sample to the top ..
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.
The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 126.15 and key resistance at 129.05. Based upon my chart analysis, I prefer to buying the pair above 127.20 with targets 127.75, 128.10 then 129.05 and stoploss with four hour candle closing below 126.15.
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.
My analysis of the GBP / JPY pair is likely to move down, at least until the price support 1 (126.88). The line observed at 127.24 pivot, and if able to penetrate the line of the pivot support 1 is the next goal.
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.
Pair continued trading yesterday to appreciate that reached the level of re-test the broken channel on the price of 127.25 and the pair settles on a high level, trying to penetrate the rising channel again.
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.
GBPJPY has broken the 127.42 resistance level. I think it will open a way for GBPJPY to continue going up today. If GBPJPY can break the high level at 127.75 (5th October's high), I am sure GBPJPY will touch the next resistance level at around 128.21 or maybe higher.
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.
There are currently users online. members and guests
Threads:
Posts:
Member:
Thanks
Currently Active Users
