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Gbpjpysignal

GBPJPY - FOREX MARKET ANALYSIS AND TRADING TIPS 29TH MARCH 2016SUMMARY: The secondary trend of GBP/JPY is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and is taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 164.10 and support at the level of 158.40. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair. INDICATORS:- MACD is sustaining in its positive territory indicating the bullish trend in the pair. RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair. STRATEGY: GBP/JPY is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it. www.tradingsignalreviews.com
Long
by TheBanker
2
GBPJPY LONGThe reason why we feel GBPJPY may RISE. * On weekly basis it has just started moving UP. * To RISE and come near 164.86 levels * Stoch RSI (3,3,14,Close) is Rising. * RSI (14,CLOSE) is Rising. * 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 :163.29, SL:162.85 Tgt 01: 164.37, Tgt 02: 164.86, Tgt 03: 166.35. The view expressed here is on weekly basis. [b ]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
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