GBP/JPY - Page 168
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Thread: GBP/JPY

  1. #1
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    GBP/JPY

    Thread for GBP/JPY discussion - latest news, technical analysis, forecasts and opinions.

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  2. #1671
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    The pair price recently announced a dash above the resistance of the downlink sub-channel and stationed at 136.85 for its intention to start forming corrective trades upward in the near and medium period, the price now derives the positive determination from the impulse of the stochastic index towards level 80 to increase the chances of targeting the level 138.50 as a result of this barrier, trades may extend around 139.45 to form the second goal of the rising mile.
    The expected trading range for today is between 136.80 and 138.50.


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  3. #1672
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    The opening price is below the 136.75 pivot which indicates a downtrend.
    The MACD Histogram is below the zero level.
    Indicator Parabolic SAR (step 0.02, max 0.2) indicates the price is heading down.

    Trading recommendations: Sell.
    TP: At the support level.
    SL: One level above the entry point.

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  4. #1673
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    The pair price was forced to trade yesterday to form a negative wave due to its lack of positive moment and supporting the upward corrective attempts proposed earlier, we will now rely on the formation of the level of 136.00 for new support to confirm its readiness to exceed the moving average 55 and stable at 137.35 and then to wait for his arrival Towards the first corrective objectives by touching the level of 138.50.Stochastic's current access to the level of sales saturation confirms the start of the price from negative pressures and increases the chances that it will acquire a new positive resolve to confirm the attempt to reach the previously festering positive goals.
    The expected trading range for today is between 136.00 and 137.35.


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