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GBPJPY

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.
Long
by ForecastCity
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! ------------------------- -------------------------- 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 ------------------------- --------------------------
Long
by fondiea
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.
Short
by traderpulse