GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=140.15.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=141.2.
TP4: R2=141.4.
Set the stoploss of these orders at breakout of S2=140.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=140.
In this situation, there is an expectation to reach the target S3=139.
Set the stoploss of reverse orders at breakout of S1=140.15.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
D-GBPJPY
GBP/JPY - Descending TriangleGBP / JPY is very close to where a fall may occur. The pair is currently in a descending triangle pattern. The buying force was amortized by the downtrend line. With the arrival of the bears with the selling force, a low candle was formed. We expect the bear kick to be strong enough to send the pair close to the support level.
- Price touched a few times validating the bearish trendline
- RSI falling H4. Line descending on D1
- Rejection on trend line with low candle
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
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GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=144.95.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=145.9.
TP4: R2=146.35.
Set the stoploss of these orders at breakout of S2=144.75.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=144.75.
In this situation, there is an expectation to reach the target S3=143.7.
Set the stoploss of reverse orders at breakout of S1=144.95.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPJPY appears oversoldThe Congestion Opportunities Strategy has just bought GBPJPY at 144.226. The system recommends entering this trade at any price between 143.942 and 144.51. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be oversold, while the Speculative Sentiment Index reading of 1.48 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 1.137, so the stop loss has been set at 143.089. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
Signal ID: 64221
Time Issued: Monday, 11 March 2019 00:00:44 GMT
Status: open
Entry: 143.942 - 144.51
Limit: N/A
Stop Loss: 143.089
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Breakout Identified in GBPJPYThe Breakout Opportunities system has just sold GBPJPY at 143.849. The system recommends entering this trade at any price between 143.556 and 144.397. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.779, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 146.043 and a profit target has been set at the 1 Day ATR level at 142.679. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Signal ID: 64223
Time Issued: Monday, 11 March 2019 00:52:15 GMT
Status: open
Entry: 143.556 - 144.397
Limit: 142.679
Stop Loss: 145.491
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=146.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.
TP4: R2=148.4.
Set the stoploss of these orders at breakout of S2=146.2.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=146.2.
In this situation, there is an expectation to reach the target S3=144.75.
Set the stoploss of reverse orders at breakout of S1=146.8.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=143.2.
TP4: R2=144.15.
Set the stoploss of these orders at breakout of S2=141.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=141.95.
In this situation, there is an expectation to reach the target S3=140.85.
Set the stoploss of reverse orders at breakout of S1=142.2.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=138.75.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=139.55.
TP4: R2=140.1.
Set the stoploss of these orders at breakout of S2=138.55.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=138.55.
In this situation, there is an expectation to reach the target S3=137.5.
Set the stoploss of reverse orders at breakout of S1=138.75.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=147.55.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.6.
TP4: R2=149.
Set the stoploss of these orders at breakout of S2=147.3.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=147.3.
In this situation, there is an expectation to reach the target S3=146.2.
Set the stoploss of reverse orders at breakout of S1=147.55.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=147.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.
TP4: R2=148.4.
Set the stoploss of these orders at breakout of S2=146.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=146.95.
In this situation, there is an expectation to reach the target S3=145.85.
Set the stoploss of reverse orders at breakout of S1=147.2.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=147.6.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.4.
TP4: R2=149.
Set the stoploss of these orders at breakout of S2=147.35.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=147.35.
In this situation, there is an expectation to reach the target S3=146.25.
Set the stoploss of reverse orders at breakout of S1=147.6.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Can we expect a recovery in volatility?We can see from weekly that volatility became apparently small since 2017.
weekly
140.000 - 155.000 Both of the upper and lower of the range are blank.
Therefore, if you go outside one of the upper and lower ranges, it may be possible to expect volatility to recover.
Since it is the most recent range, I will aim for both long entry and short entry as usual.
<< tactics >>
If MPP (P) 146.041 functions as a support line, think long entry.
The first limit is under YPP (P) 140.077
The second limit will be decided based on WePP next week.
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thick line: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red thick line: Untrustworthy line for me
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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GBP/JPY Technical AnalysisFrom this our analysis, There is a Triangular elliot wave pattern drawn between 144.977 & 153.800.
* If the current market price will reach the 4th elliot retracement price @ 150.573 means it will bearish until price @ 144.977.
* If the current market price doesn't reach the 61% retracement, it may bearish within the triangular shape until price @ 147.00. There is a pull back chance after bearish.
Also we will update the price breakout shortly depending upon the market movement.