Thread: Gbp/Jpy
GBP/JPY continued its bearish movement and the breakout of 121.61 gave us a new sell signal.
Currently, the pair is testing the next support at 121 and is still moving below its bearish slant.
All indicators are bearish.
We maintain to trade only short positions as far as 122.48 is resistance.
The breakout of 121 and will give a new sell signal and open the way towards 120.
However, if 122.48 is broken, we will be neutral.
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the chart is showing that the pair has succeeded in closing it's daily candle above level 121.00 , and that's mean the up trend is still standing and the pair might head to 121.70 and then 122.00
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Gbp / jpy बहुत आया 124.20-124.38 आयोजित क्षेत्र में तेजी की प्रवृत्ति अभी तक प्रतिरोध रिवर्स बंद करो और एक और लगभग 200 रंज गिर करने के लिए मूल्य का नेतृत्व.
प्रतिरोध 124.38 पर अभी भी मंदी की प्रवृत्ति के लिए है. 123.00 के नीचे एक और मंदी मूल्य त्वरण की उम्मीद है.
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the pair is trading now above the level of 121.00 and that's mean the uptrend is still standing and the pair might reach 121.80 , but if the pair succeeded in breaking 121.00 , it will continue in down trend heading to 120.60 and then 120.20
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If a M15 close above 123 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 122 sell only and do not buy. If price closes back above it again do nothing
The range 123 and 122 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 came very close to reverse the trend to bullish yet the resistance at 124.20-124.38 area held and led the price to another almost 200 pip fall.
The resistance is still at 124.38 for the bearish trend. Below 123.00 expect another bearish price acceleration.
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this pair still in the bearish mode since last week.......maybe the g7 meeting today will change the trend for it starting next week
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If a M15 close above 124 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 123 sell only and do not buy. If price closes back above it again do nothing
The range 124 and 123 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.
if price break support of 122.90 we will see further landing on this pair but I think price can not break it and this point is good to buy and put stop loss under 122.70
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 124 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 123 sell only and do not buy. If price closes back above it again do nothing
The range 124 and 123 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.
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