Subscribeas many other currency, pounds are weakened against the yen and already reach 128.1 on my chart, i expect further decline to 126.4 at the asian market open tomorrow, and probably will closed at this week low at 125.2
Thread: Gbp/Jpy
as many other currency, pounds are weakened against the yen and already reach 128.1 on my chart, i expect further decline to 126.4 at the asian market open tomorrow, and probably will closed at this week low at 125.2
मैं सचिन तेंदुलकर की सबसे बड़ी प्रशंसक हूँ
zainm6050 (2019-05-10)
Against the short-term trend. A short-selling position for correction at 130.50 with a stop-loss at 130.95 (-45 ips) and take profit target first at 130.00 (+45 pips) and then 129.80 (+65 pips).
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zainm6050 (2019-05-10)
the pair as we can see on the chart has success in breaking the level of 129.00 and reached the level of 128.60 , that's mean the down trend is standing and the pair might head to 128.30 then 128.00 , good luck
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zainm6050 (2019-05-10)
now i suggeste traders to enter long deals over 125.75 level with targets at 126.6 and 127 in extension.
and for the opposite moving below 125.75 look for further downside with 125.3 and 125 as targets.
good luck
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zainm6050 (2019-05-10)
tp achivedOriginally Posted by s19
now its at the bottom of low channel line..go for buy..
sl- 122.47
tp- 130
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zainm6050 (2019-05-10)
Intraday trade:
If a M15 close above 126.57 Buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 126.04 sell only and do not buy. If price closes back above it again do nothing
The range 126.57 and 126.04 is neutral area, any trade done in between is personal decision and not part of this analysis
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zainm6050 (2019-05-10)
we hold onto our expectations for a downside move targeting mainly the support of the main ascending channel at 122.00. Trading above 126.65 may delay the suggested scenario.
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zainm6050 (2019-05-10)
the pair is trading now above the level of 126.00 and that's mean the uptrend is still standing and the pair might reach 126.50 , but if the pair succeeded in breaking 126.00 , it will continue in down trend heading to 125.60 and then 125.20
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zainm6050 (2019-05-10)
flat correction down 124.83
Supports / Resistances
Res 2 127.6500
Res 1 126.7000
Pivot 126.0100
Sup 1 125.0500
Sup 2 124.3700
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zainm6050 (2019-05-10)
now i think it should be good move for the taders to go Short positions below 126.15 with targets at 125.3 and 125 in extension.
and for the opposite diriction when the price move over 126.15 level look for further upside with 126.5 and 127 as targets.
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.
zainm6050 (2019-05-10)
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