Results of analysis of using daily pivot point calculations for GBPJPY
I see this pair still in strong bullish movement . If this pair can resistance level at 139.70 I predict this pair will go up to the next resistance level at 139.20 But if this pair go down and break support level at 140.21 I predict this pair will make some correction to the next support level at around 140.71. Sell signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Sell with and take profit at 139.19 and put StopLoss at 140.05
This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement. I am not responsible for any errors that occur because the only information from the previous calculation. my advice .. don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.