SubscribeGBP/JPY was trading at 124.36, down 0.33% at time of writing.
The pair was likely to find support at 123.31, Wednesday’s low, and resistance at 128.58, Monday’s high.
Thread: Gbp/Jpy
GBP/JPY was trading at 124.36, down 0.33% at time of writing.
The pair was likely to find support at 123.31, Wednesday’s low, and resistance at 128.58, Monday’s high.
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Hamzagoroo (2019-03-23), zainm6050 (2019-05-10)
Market setbacks have been very well supported on dips below 125.00 and we look for the formation of a fresh medium-term higher low around the psychological barrier ahead of the next major upside extension back towards and eventually through 140.00.
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Abubakar 148 (2020-05-16), Hamzagoroo (2019-03-23), NAZ (2019-11-27), Sahilkhan75 (2020-07-10), Tilla420 (2020-08-12), zainm6050 (2019-05-10)
the pair and as we can see from the chart has closed it's daily candle under the level of 125.00 , so , that's mean the down trend is still standing and the pair is heading to 124.50 then 124.00
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.
Abubakar 148 (2020-06-01), Hamzagoroo (2019-03-23), NAZ (2019-11-27), Sahilkhan75 (2020-07-10), zainm6050 (2019-05-10)
as we see today daily candle is going to close as bullish on with the Big body, tomorrow we may see another bullish candle following this candle targetting 126.
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.
Abubakar 148 (2020-08-20), Hamzagoroo (2019-03-23), NAZ (2019-11-27), Sahilkhan75 (2020-07-10), zainm6050 (2019-05-10)
Ultimately, only a weekly close below 125.00 would delay and give reason for concern, while a daily close back above 128.00 confirms bias and should accelerate.
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.
Abubakar 148 (2020-08-23), Hamzagoroo (2019-03-23), NAZ (2019-11-27), Sahilkhan75 (2020-07-10), zainm6050 (2019-05-10)
the pair is trading under the level of 124.00 , any way if the pair succeeded in breaking 124.00 , it will continue in it's up mobements heading to 124.40and then 124.80 ,
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.
Abubakar 148 (2020-08-06), Hamzagoroo (2019-03-23), NAZ (2019-11-27), Sahilkhan75 (2020-07-10), Tilla420 (2020-08-16), zainm6050 (2019-05-10)
Market setbacks have been very well supported on dips below 125.00 and we look for the formation of a fresh medium-term higher low around the psychological barrier ahead of the next major upside extension back towards and eventually through 140.00
LIKE MY POST.THEN DO NOT FORGET TO GIVE THANKS!!!
Abubakar 148 (2020-04-07), Hamzagoroo (2019-03-23), NAZ (2019-11-27), Tilla420 (2020-08-16), zainm6050 (2019-05-10)
Ultimately, only a weekly close below 125.00 would delay and give reason for concern, while a daily close back above 128.00 confirms bias and should accelerate.
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), NAZ (2019-11-27), Tilla420 (2020-08-12), zainm6050 (2019-05-10)
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.
0307148 (2020-04-06), Abubakar 148 (2020-04-15), Hamzagoroo (2019-03-23), NAZ (2019-11-27), Tilla420 (2020-08-16), zainm6050 (2019-05-10)
While there could be some very short-term bounce from here, a reversal is not likely in a risk-off environment, which is opening up deep and wide right now.
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), NAZ (2019-11-27), Tilla420 (2020-08-12), zainm6050 (2019-05-10)
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