Thread: Gbp/Jpy
What a day! The pair not only broke over the strong psychological resistance of 165.00 level but went ahead to touch 166.14 as if it did not care about any resistances at all. We now expect support over 165.15 and is that support holds then the next target should be 167.50. A break below 165.15 will start neutralizing the immediate bullish sentiments but a better indication will come only with a break below 164.50.
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still have my sell position @ 166 in profits,
set my T/P at 155.20 to be safe.
Also have a pending order buy @ 166.35
lets see what happens.
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MY ANALYSIST FOR pair TODAY,25 nov 2013 USING PIVOT POINT STRATEGY
BUY STOP : 165.80
TP:166.80
if price close under : 165.20
the pair will go to :164.30
HAPPY ENJOY TRADING...
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GBPJPY 27-11-13
GBPJPY should test 164.69 area after which a sell off down to 163.83 or extended to 163.41 area is expected.
Key Point 164.47
Entry Point 164.08
Trendline 1 164.39
Trendline 2 163.48
Support 1 163.83
Support 2 163.41
Resistance 1 164.53
Resistance 2 164.81
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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.
indicators today :buy
if price break up the LEVEL :165.10
the pair will go to :165.60
and then go to level :165.90
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It should test 164.69 area after which a sell off down to 163.83 or extended to 163.41 area is expected.
Key Point164.47
Entry Point164.08
Elliott163.69
Closing164.25
Projection164.68
Trendline 1164.39
Trendline 2163.48
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frame = 15
cci(14) : 115-
bulls (13) :0.0150
i see the in pair sell trend
so i will sell from : 164.65
and my target today is : 164.10
and target2 today is : 163.50
good luck
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Spoiler:
GBPJPY
TIME FRAME H1
Exponential MA "18" : BULLISH
Exponential MA "28" : BULLISH
Exponential MA "50" : BULLISH
Parabolic SAR "0.05/0.2" : BULLISH
MACD "30/60/30" : BULLISH
TREND: BULLISH
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Date: 27-11-2013
Time frame: 1h
High and low prices
High today is: 164.86
Low today is: 164.00
Total pips today: 86
So sell from: 164.67
Our target 1 is: 164.47
Our target 2 is: 164.27
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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