Thread: Gbp/Jpy
GBP/JPY still staying in tight range of 120.75/122.56 and intraday bias remains neutral. With 120.75 minor support intact, another rise cannot be ruled yet. But after all, the choppy structure and weak momentum of rise from 119.37 suggests that it's merely a correction
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Hamzagoroo (2019-03-31)
Due to the momentum of buying , the pair is trading above the level of 121.50 and that's maybe be lead the movements to up trend to reach the level of 121.85 , and because of this , a buying position is suggested with a safety stop loss level and targets equal 30 pips
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If a M15 close above 122 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 120 sell only and do not buy. If price closes back above it again do nothing
The range 125 and 120 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
Due to the momentum of buying , the pair is trading above the level of 121.50 and that's maybe be lead the movements to up trend to reach the level of 121.85 , and because of this , a buying position is suggested with a safety stop loss level and targets equal 30 pips
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.
If a M15 close above 122 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 121 sell only and do not buy. If price closes back above it again do nothing
The range 125 and 121 is neutral area, any trade done in between is personal decision and not part of this analysis
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 open @ 121.89. GBP/JPY is still above pivot @121.71. GBP/JPY might go up to 122.23. If it's close below pivot then GBP/JPY might go down to S1 @121.28.
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.
If a M15 close above 122 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 120 sell only and do not buy. If price closes back above it again do nothing
The range 125 and 120 is neutral area, any trade done in between is personal decision and not part of this analysis
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 open @121.19. The pair is now moving around pivot @121.27. The pair might go up to R1 @121.64 if it can break pivot. If it's close below pivot, the pair might go down to 120.95.
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.
If a M15 close above 122 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 120 sell only and do not buy. If price closes back above it again do nothing
The range 125 and 120 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
t was a really nice trade. At this point the stop loss should be at breakeven no matter the original entry.
Conservative traders can close it now, even if there is very likely more money on the table if the short position is kept for 121 and who knows, maybe even lower.
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.
Hamzagoroo (2019-03-31)
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