Thread: Gbp/Jpy
happy trading all, this pair is still moving sideways until now from the H4 time frame it is known that pair movement is still moving above the 161.8% fibo level if later the price breaks below it then the next price will target the support level below the price
but if the price rises it is possible that the possible level for the price to be touched is the SBR level which I marked with a line the top this is where we can do selling reentry with the condition that the price reject from here
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Muhammed Awais (2020-08-18), Roshan12 (2020-08-18)
hello my dear friends how are you , I hope you will be fine everyday I predict this pair will reach to the next resistance level, maybe this pair will make some correction to the next high level.
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator .
BUY position is better choice now, you can set target profit level 35 pips from current price
that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction.
bullish signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
this pair can continue bullish trend today and there is possible chance price will move to up side.
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Muhammed Awais (2020-08-18), Roshan12 (2020-08-18)
in my opinion this pair will go up again because it still looks bullish so I am more confident we need to open buy again even if it goes down I think it's just a correction and because the market is closed
don't forget if you experience an error always self-evaluate and try to improve don't forget to pray first before doing anything, that way we can be calm in carrying it out and later we can accept whatever results we have tried and be aware that the rise is still far away.
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Muhammed Awais (2020-08-18), Roshan12 (2020-08-18)
I think this pair still in a bullish trend. yesterday's bearish candle is just a correction before it will continue its bullish trend if seen from the weekly time frame in the form of bullish and overall last week the price movement was still controlled by the buyer while on the daily time frame itself
the trend reversal pattern has been formed quite well so that the opportunity for prices to continue moving up is quite open
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Muhammed Awais (2020-08-18), Roshan12 (2020-08-18)
hello everybody how are you hope you are enjoying your trading day and making your analysis for the coming days
I am going and analysis for the coming days the market of this pair is not move on technical basis but it is moved on fundamental basis area know when gold take a bullish moment then it is also take a bullish movement so here we can say that price will move up side when market will open and its target will be reached
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Muhammed Awais (2020-08-18), Roshan12 (2020-08-18)
GBPJPY declined after a minor jump above 140 levels on the weak Pound sterling. The increase in the number of new corona cases in the UK is putting pressure on GBP. USDJPY is directionless and traders eye 107 level further jump till 107.55. The Intraday trend is still on the higher side as long as support 138.65 holds.
The weekly chart shows that the pair is holding above 100- W MA at 139.27, any surge past 140.20 targets 140.80/141.92. The near term support is around 139.15, any break below will drag the pair down till 138.60/138.20/137.40
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predictions for the day.
trading is risky if no analysis is done
GBP/JPY - is the currency pair we will be focusing on
major low levels also known as supports 138.65
major high levels also known as resistance - 139.07
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GBP/JPY - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
138.48 - 138.61 - 138.75
Resistance 1 - Resistance 2 - Resistance 3.
139.02 - 139.15 - 139.29
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
Keep it up
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If a M15 close above 124.29 Buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 123.53 sell only and do not buy. If price closes back above it again do nothing
The range 124.29 and 123.53 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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