Thread: Gbp/Jpy
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 119 sell only and do not buy. If price closes back above it again do nothing
The range 122 and 119 is neutral area, any trade done in between is personal decision and not part of this analysis
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GBPJPY intraday :caution, the is challening its dclining trend line.
The pair has downe trend movement hitting the level of 120.75 and than 120.35 .
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Due to the momentum of buying , the pair is trading blow the level of 121.00 and that's maybe be lead the movements to up trend to reach the level of 122.00 , and because of this , a buying position is suggested with a safety stop loss level and targets equal 35 pips
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the chart is showing that he pair has succeeded in breaking the level of 121.00 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 121.60 and then 122.00
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the chart is showing that the pair has closed it's daily candle under the level of 120.50 , and that's mean that the down trend is still standing and the pair might reach 120.25 and then 120.00
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The pair has broken below it's support and remains under pressure.
So the pair will continue it's down movement below 120 and 119.50.
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we can notice from the chart that the pair has closed it's weekly candle under 121.00 , that's mean the down trend is expected and the pair might head to 120.70 then 120.40 , however the pair made a hourly correction , good luck .
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as we can see from the chart the pair has success in breaking the level of 121.00 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 12.65 then 120.35
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.
Can work a deal to buy because the price is now at the level of 122.070 and I expect the climb to the highest level
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.
as we can see from the chart , the pair has stated it's trading week above the level of 122.00 and that's mean that the up trend is expected this week and the pair might head to 122.50 and then 123.00
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.
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