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GBPJPY: Consolidation and Complete Indecision 🇬🇧🇯🇵 GBPJPY is very weak. The pair is coiling within a narrow range for 2 weeks. FED & BOE interest rate decisions are ahead. These news can be the important catalysts for the pair. Watch carefully how the price reacts to the boundaries of the range. If the price breaks and closes above 188.95 on a daily, for us, it will be a strong trend following signal. A bullish continuation will be expected then. Alternatively, a bearish breakout and a daily candle close below 187.1 can give us a strong bearish confirmation and trigger a correctional movement. Of course, because the trend is bullish, probabilities are higher that we will see a movement up. However, I strictly recommend to wait for a confirmation first. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
Dollar Index (DXY): Trading Plan Ahead of the FED 💵 Dollar Index keeps consolidating. The market is stuck within a narrow range on a daily. It feels like the market participants are waiting for the FED interest rate decision next week. Pay attention to the boundaries of the range. Its bullish breakout will be a strong bullish confirmation. A bullish continuation will be anticipated at least to 104.15 level then. If the price violates the support of the range and closes below that on a daily, a bearish continuation will be anticipated to 102.22 support. Patiently wait for a breakout, it will give you a strong confirmation. ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
1
DEN Networks for Swing/Positional DEN Networks Prediction for Swing/ Posional Trading You can enter into trade above Entry level (49) daily close basis . CMP is 47.10 . There is a resistance 48.40-48.70 level. It can again come to 45 level or touch more low. Strong Supports are shown in the chart. Targets- 57,71,94,100,… Intermediate Targets- 51.5,54,60,63,66,69,80,86,92,98,.. According to your “STOMACH” book your profit. Always maintain your risk management. Watch Carefully – The Chart Explains For Itself. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Request: Please support by Like, follow, comment, share and boost. Happy trading. About DEN Networks – DEN Networks Ltd. is a holding company, which engages in the distribution and promotion of television channels through digital cable distribution network. It operates through the Cable and Broadband segments. The Cable segment includes distribution and promotion of television channels. The Broadband segment offers internet services. The company was founded by Sameer Manchanda on July 10, 2007 and is headquartered in Mumbai, India. You can follow me in social media through links given below-
NSE:DENLong
by suraranjanganguli