Our preference: sales position below 141.20 with targets at 139.50 & 138.10 in extension. Alternative scenario: in excess of 141.20, aim for a continuation of the increase with 141.80 & 142.65 in line of sight. Comment: as long as 141,20 is not exceeded the risk of a depression of 139,50 is important.
Pivot: 140.00 Preference: long positions above 140.00 with targets at 148.50 & 151.75 in extension. Alternative scenario: below 140.00 look for further downside with 135.75 & 132.60 as targets. Comment: the RSI lacks downward momentum. Supports and resistances: 155.70 *** 151.75 *** 148.50 *** 144.00 Last 140.00 *** 135.75 *** 132.60 ***
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires...
We have a new GBPJPY signal generated. bullish on this pair technically too.
GBP/JPY is in a bearish trend and it's loss can continue till 142 and lower. Invest accordingly with your own analysis and money manage properly. Happy trading!
GBJPY is still long according to our system. we are just facing a pullback. we might either retest the support or make higher high.
Based on my analysis, the price may be bull and go up until 148.352 and the price would probably play around that area and goes back down 140.397 . If the price candle close above the resistant line which is the same on December Hike 2016 . It may continue rally up to 151.916 . Watch out for the Big news tomorrow on GBP -MPC Official Bank Rate Votes & Inflation report .
Daily Target: 1.53626 Possible retracement into buy zone
The pair has broken D1 trendline and next candle is looking in the green zone. It may touch 144 in the coming two weeks. SL can be around 138 to 138.50
The GBPJPY has broken above the 200 day MA to the upside, and recently over the 50 day MA again as well. I am choosing this time to take advantage of the upswing - SL at 138.50 The RSI is showing some signs of exhaustion but its still in the 60 area - the stochastic looks like it wants to embed in an uptrend and the MACD has made a positive crossover to the...
Brexit + risk off in the world today may break demand zone and then there is no bottom till 126.
Hey guys, Looking for uptrend in GBPJPY. I am looking for a flag anywhere inside the corrective structure! Watch for this! - Hey chicos, Espero que GBPJPY vaya al alza. Busco cualquier bandera que se forme dentro de lacorrección! Estad al tanto!