Subscribethis pair as we can see the common trend is down trend and the price deeply down ema50 line. althogh the last week candle formed bullish . should close under the support level at 116.65 to continue falling
Thread: Gbp/Jpy
this pair as we can see the common trend is down trend and the price deeply down ema50 line. althogh the last week candle formed bullish . should close under the support level at 116.65 to continue falling
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Hamzagoroo (2019-03-23)
GBP/JPY- the quote is making the trendreversal figure "inverted head&shoulders". Activation of the formation near 120.40 will give a signal for long toward 122. The current levels are still risky for taking long positions.
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Hamzagoroo (2019-03-23)
GBP/JPY- the quote is making the trendreversal figure "inverted head&shoulders". Activation of the formation near 120.40 will give a signal for long toward 122. The current levels are still risky for taking long positions.
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.
we can notice from the chart that the pair has closed it's daily candle under 120.00 , that's mean the down trend is expected and the pair might head to 119.35 then 119.00 , however the pair made a hourly correction
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Hamzagoroo (2019-03-23)
If a M15 close above 121 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 121 and 119 is neutral area, any trade done in between is personal decision and not part of this analysis
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as we can see from the chart , the pair has succeeded in breaking 120.00 and reached 120.30 , so that's mean the up trend is still standing and the pair might head to 120.65 and the 130.00
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Hamzagoroo (2019-03-23)
If a M15 close above 119 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 118 sell only and do not buy. If price closes back above it again do nothing
The range 118 and 119 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.
Hamzagoroo (2019-03-23)
we can notice from the chart that the pair has closed it's daily candle under 119.00 , that's mean the down trend is expected and the pair might head to 118.50 then 118.00 , however the pair made a hourly correction
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 (2019-03-23)
as what i can see in the hourly shart i think the pair want to down the parabolic sar is down so wait for the macd end rsi to give the same signal
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the pair and as we can see from the chart is trading under level 119.50 , so , that's mean the down trend is still standing and the pair might head to 119.00 and then 118.70 how ever the pair made any hourly correction
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 (2019-03-23)
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