Subscribewhen you see the candle in frame 1 hour she closed above 124.34 and now she testing the price of line of moving avrage 15 at the price 124.93 if she close above him it's go up .
Thread: Gbp/Jpy
when you see the candle in frame 1 hour she closed above 124.34 and now she testing the price of line of moving avrage 15 at the price 124.93 if she close above him it's go up .
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GBP/JPY is now above pivot point @124.91. The pair might continue up to 127.14, of if it breaks the pivot, it will go down to 124.16.
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GBPJPY intraday; the upside prevails, the pair is pulling back on its support .
So the pair will going to the upside trend movement.
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If a M15 close above 127 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 125 sell only and do not buy. If price closes back above it again do nothing
The range 127 and 125 is neutral area, any trade done in between is personal decision and not part of this analysis
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bank of japan intervene and it goes to above 127 and now it is good time to sell for few pips and to get quick profit , today japab pairs is vry much volatile
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we can not rule out the possibility for a drop to test this major psychological barrier before any consideration for a corrective bounce. Ultimately, a break back above 125.00 will now be required to officially alleviate short-term downside pressures.
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Gbpjpy pair to me seems to be trending sideways but showing indications of a upward movement if the price can close above 122.50. Next week I'm expecting the pair to retrace before resuming its bullish movement.
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the picture is showing the pair has been ended it's trading today above level 122.00 and that's will lead the movement to up trend to reach 122.70 , so the buying is suggested with a appropriate stop loss level and targets equal 50 pips at least
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in this chart we can see that the candle will downtrend , i use ( one hour frame H1 ) so i suppose to sell in this time at ( 121.912 ) and make two target the first target at (15 pipe) and the second target is at (the next 10 pipe) and do not forget to make your stop loos at (100 pipe not more) . good luck in this signal and you will earn more.
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because of the moving under the level of 122.00 as we can see from the chart , I think the down trend is still standing and the pair might head to 121.60 and then 121.10 how ever the pair made any hourly correction
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