As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.1.
On the other hand, short term forecast is uptrend, so trading is more risky this day and if you tend to set orders, invest less money and expect to reach the following target:
TP4: S1=142.35.
Set the stoploss of these orders at breakout of R2=143.25.
Stop and reverse:
If...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=142.8.
TP4: R2=143.4.
Set the stoploss of these orders at breakout of S2=141.8.
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=140.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=141.55.
TP4: R2=142.
Set the stoploss of these orders at breakout of S2=140.55.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
GBPJPY COME IN TO MAJOR RESISTANCE AND IN D1 CHART GIVEN A PINBAR CONFIRMATION, LOOKING IN H4 CHART GIVEN NICE ENGULFING CANDLE......... BE aware of ELECTION on thursday use small lot size
BUY GBP/JPY ABOVE @141.600 WITH STOP LOSS @141.150 AND TARGET POINT @141.900 .
INTRADAY TREND AND TECHNICAL CHART SHOWS BULLISH DIRECTION.
NOTE:TRADE WITH YOUR OWN RISK.
Intraday Trend of GBP/JPY is bullish and showing upward direction.
Traders can see and enter above price 140.365 with stop loss of 139.983 and Target 140.750
Note:This is my own estimation,anyone before entering in this level will ask to their concern Financial Analyst.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=139.65.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=140.5.
TP4: R2=140.9.
Set the stoploss of these orders at breakout of S2=139.35.
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=139.75.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=140.7.
TP4: R2=141.1.
Set the stoploss of these orders at breakout of S2=139.4.
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=140.7.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=141.55.
TP4: R2=142.1.
Set the stoploss of these orders at breakout of S2=140.5.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer for market 'risk-off' moves as the carry trade gets reversed. As a result, GBPJPY is able to develop strong trends that exceed thousands of pips.
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