GBP-JPY is most traded Pair of currency all time show great observation , In this time looking bullish side buy on deep Pair recently respect support zone area and bounce back , we expected can be go 134 in short term
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (133.6). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (131.96). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (130.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (131.7). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (132.05). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (133.95). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (133.4). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (133.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=133.3.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=132.
TP4: S2=131.25.
Set the stoploss of these orders at breakout of R2=133.5.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=127.1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=128.9.
TP4: R2=129.7.
Set the stoploss of these orders at breakout of S2=126.35.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=137.65.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=138.55.
TP4: R2=139.15.
Set the stoploss of these orders at breakout of S2=137.2.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Hey trades, hope you all are having a great week.
So here is the analysis of GBPJPY.
As always our blue line indicates support and resistence
and the black line indicates the possible trend.
As we can see that the trend is in middle so we advice you to not take any trade.
However we can see that it broke the trendline support and has gone down,
also we can see...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.85.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=142.7.
TP4: S2=142.3.
Set the stoploss of these orders at breakout of R2=144.05.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.5.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=143.2.
TP4: R2=143.45.
Set the stoploss of these orders at breakout of S2=142.3.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.7.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=143.45.
TP4: R2=144.
Set the stoploss of these orders at breakout of S2=142.6.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
