As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=133.9.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=134.95.
TP4: R2=135.45.
Set the stoploss of these orders at breakout of S2=133.7.
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=135.35.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=136.3.
TP4: R2=136.75.
Set the stoploss of these orders at breakout of S2=135.15.
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=135.35.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=136.3.
TP4: R2=136.75.
Set the stoploss of these orders at breakout of S2=135.15.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Inverse head and shoulders indicating a reversal in this long-term bearish pair.
However, the price is currently in the third possible bearish flag between the neckline and the shoulders, therefore it is best to wait until a confirmed breakout of the neckline for entry.
If the current bearish flag proves to be invalid(a bullish breakout), then a long position...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=136.7.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=137.5.
TP4: R2=137.8.
Set the stoploss of these orders at breakout of S2=136.5.
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=136.3.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=137.1.
TP4: R2=137.5.
Set the stoploss of these orders at breakout of S2=136.05.
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=135.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=136.55.
TP4: R2=136.9.
Set the stoploss of these orders at breakout of S2=135.4.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=136.45.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=135.5.
TP4: S2=135.
Set the stoploss of these orders at breakout of R2=136.65.
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=136.55.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=137.5.
TP4: R2=137.8.
Set the stoploss of these orders at breakout of S2=136.35.
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=136.85.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=137.85.
TP4: R2=138.15.
Set the stoploss of these orders at breakout of S2=136.55.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
GBPJPY Analysis: Price continues selling as expected and broke our support zone price 138.221. Price is still underneath trend-line and resistance so we expect GJ to reach next support 135.964 Long-term daily timeframe
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.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
