SubscribeIt is more likely to go down to around 124.00 or lower, and after that, it might have potentially to go up to around 127 AND 130.00
Thread: Gbp/Jpy
It is more likely to go down to around 124.00 or lower, and after that, it might have potentially to go up to around 127 AND 130.00
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Hamzagoroo (2019-03-23)
The GBPJPY remains confined to a channel (which was broken after intervention earlier in the month but it seems to still hold weight). As long as the channel holds, favor the downside
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Hamzagoroo (2019-03-23)
as we can see from the chart has success in breaking the level of 125.00and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 124.40 then 124.0
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Hamzagoroo (2019-03-23)
If a M15 close above 126.85 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 126.00 sell only and do not buy. If price closes back above it again do nothing
The range 126.85 and 126.00 is neutral area, any trade done in between is personal decision and not part of this analysis
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Hamzagoroo (2019-03-23)
It is more likely to go down to around 125.80 or lower, and after that, it might have potentially to go up .
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Hamzagoroo (2019-03-23)
Below 125.26 minor support will flip bias back to the downside. Break of 123.39 will confirm fall resumption for 122.15 and below.
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Hamzagoroo (2019-03-23)
the chart is showing that the pair has closed it's daily daily under the level of 126.00 , and that's mean that the down trend is still standing and the pair might reach 125.70 and then 125.40
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Hamzagoroo (2019-03-23)
as we can see on the 4 hr chart the pair succeeded to break down the up trend and now following the down trend on the daily chart and might to test the support level at 125.85
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Hamzagoroo (2019-03-23)
Extending sideways consolidation and this is exposing a heavy tone towards the 2-week corrective upmove and a downside break of 125.60 will confirm pressure turning towards
downside, eyeing strong support at 123.25. Swift move above 127.32 hurdle needed to regain corrective upmove.
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Hamzagoroo (2019-03-23)
the chart is showing that the pair has closed it's daily daily under the level of 127.00 , and that's mean that the down trend is still standing and the pair might reach 126.00 and then 125.70
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.
Hamzagoroo (2019-03-23)
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