Subscribeform hua ta ise liye 50-60 pips upar ja sakta hai, ise hamer dina ka ya 4 ganta ka chart me mila to jada pips kama sakta hai. good like forex forum
Thread: Gbp/Jpy
form hua ta ise liye 50-60 pips upar ja sakta hai, ise hamer dina ka ya 4 ganta ka chart me mila to jada pips kama sakta hai. good like forex forum
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Resistance around 128.50. A clear break above that area could trigger further bullish pressure testing 129.00/50, but if a clear break below that area could trigger further bearish pressure testing 127.00.
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The pull back from 129.64 could extend lower. But note again that as long as 124.72 support holds, rebound from 118.82 is still in favor to continue. Above 128.45 minor resistance will turn bias back to the upside for 129.64 first. Though, break of 124.72 is a sign of reversal and will turn outlook bearish.
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The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 126.15 and key resistance at 129.05. Based upon my chart analysis, I prefer to buying the pair above 127.80 with targets 129.05, 129.75 then 130.35 and stoploss with four hour candle closing below 126.85.
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Gbp/jpy technical analysis for 31.10.2012 by using : Auto pivot indicator.
resistance 3:130.13
resistance 2:129.32
resistance 1:128.66
pivot point :127.85
support 1:127.19
support 2:126.38
support 3:125.72
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After retraced up from its lowest price level yesterday, it shown sideways movement until now. Price still move in area 127.80-128.05. Price move limited with tend to down weak. Today, price predicted will go up again but limited.
GUYS,as expected this pair making a strong bearish movement right after the news release yesterday......and the support line has been broke by yesterday move but becareful i think this pair is nearing the low and the major revesal will happen soon.....watchout at 129 - 128 area to enter long next week.But beofre going more down we may see some up movement again to hit the Upper trendline.
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gbp/jpy technical analysis by using : average directional movement index
adx : 20.1118
+di : 28.1719
-di : 17.2721
timeframe : 1 hour
time : 1800
date : 30.10.2012
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Support 127.10 126.85 126.45 126.15 125.70
Resistance 127.80 128.40 128.80 129.05 129.75
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.
The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 126.15 and key resistance at 129.05. Based upon my chart analysis, I prefer to buying the pair above 127.10 with targets 128.40, 129.05 then 129.75 and stoploss with four hour candle closing below 126.15.
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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