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Gbpjpyoutlook

GBPJPY SHORTThere are many reason why we feel it may SINK * It has not sustained quarterly ..... level. * BEARISH in WEEKLY Chart. * ToSINK and come near 157 monthly target 03 * Stoch RSI (3,3,14,Close) clearly states it may sink. * RSI(14,CLOSE) Is also of the same view. * CCI(20,CLOSE) Is not clear Keeping all the above indicators in view along with the chart pattern we expect it to sink. but as the market is well bellow our sink level we can expect a quick bounce back. Our sell target shall be 159.79 , 158.04 with a SL @: 162.14. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Short
by ajithchand-bhandaari
GBPJPY LONGGBPJPY is expected to rise now. There are many reason why we feel it may rise. 01. It has not sustained quarterly buy level. 02. BULLISH Engulfing pattern in daily Chart. 03. It has gone way below the quarterly Low target. and chances are bright it may touch 190 very soon 04. Stoch RSI (3,3,14,Close) is not clear. 05. RSI(14,CLOSE) Is rising. 06. CCI(20,CLOSE) Is rising. Keeping all the above indicators in view along with the chart pattern we expect it to rise. Our buy call shall be from buy above : 168.72 with a SL @: 167.66 Tgt01: 171.54 Tgt02: 172.71 Tgt03: 176.34. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Long
by ajithchand-bhandaari