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Analysis GBP/JPY

Forex Depth Analysis: GBP/JPY

Sterling rose against the euro and dollar after John Gieve, deputy governor of the Bank of England, said inflation is likely to rise well above target in the coming months.

The British currency has come under pressure in recent weeks as weak data led to increased expectations of a UK rate cut. But Gieve's comments shifted investors' focus to inflation that could limit the extent of interest rate cuts.

The following technical analysis gives us a detailed lookout on what is expected to happen to GBP/JPY.

The buying point is at 210.48; based on a clear uptrend.

Fibonacci 61.8% is the take profit at 212.10
Fibonacci 50% is the stop loss at 209.70
The selling point is at 209.50; based on a break of a strong support.

Previous support is the take profit at 207.36
Fibonacci 23.6% is the stop loss at 211.10
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the crossing of the two moving averages, the shorter term moving average is faster than the long term and is pointing upwards with a break of zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction.

The momentum oscillator is very important to understand the strength of the market and as we see on the graph it is in an uptrend. The Stochastic oscillator bounced on 20% line and continues to go higher.
 

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Technical Analysis for Crosses GBP/JPY

The Pound declined further against the Yen yesterday, yet started to gain back with the start of today's Asian session as investor indulged in carry trades, the pair now resides within a critical area between the 111.00 and 111.80, if the pair managed to breach the 111.00 to the downside a bearish wave will take place and if it managed to breach the 111.80 a bullish wave will take place, and the point at 210.19 offers strong demand for the pair today.

Support: 211.06, 210.75, 210.19, 209.81, 209.44
Resistance: 211.86, 212.18, 212.67, 213.05, 213.42
 
mmg volatile pair nie...sejak dr smlm aku dh untung dekat 600pip sampai skrg...masuk 3 lot jd dh 1800pip untung...syukur...sblm nie untung 1500pip jugak...

2nd best aku rase eur/jpy laa....
 
mmg volatile pair nie...sejak dr smlm aku dh untung dekat 600pip sampai skrg...masuk 3 lot jd dh 1800pip untung...syukur...sblm nie untung 1500pip jugak...

2nd best aku rase eur/jpy laa....

senang-senang je cakap wat ribu2 pips.. cuba buktikan dengan statement. :p
 
Sterling rose against the euro and dollar after John Gieve, deputy governor of the Bank of England, said inflation is likely to rise well above target in the coming months.

The British currency has come under pressure in recent weeks as weak data led to increased expectations of a UK rate cut. But Gieve's comments shifted investors' focus to inflation that could limit the extent of interest rate cuts.

The following technical analysis gives us a detailed lookout on what is expected to happen to GBP/JPY.

The buying point is at 210.48; based on a clear uptrend.

Fibonacci 61.8% is the take profit at 212.10
Fibonacci 50% is the stop loss at 209.70
The selling point is at 209.50; based on a break of a strong support.

Previous support is the take profit at 207.36
Fibonacci 23.6% is the stop loss at 211.10
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the crossing of the two moving averages, the shorter term moving average is faster than the long term and is pointing upwards with a break of zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction.

The momentum oscillator is very important to understand the strength of the market and as we see on the graph it is in an uptrend. The Stochastic oscillator bounced on 20% line and continues to go higher.

good explanation...
kat ner amik ni?:)cgrock :)paid
 
skrg gbp/jpy dh sampai 213.42...aku stat buy mase 210.50...target aku adelah EMA 200 lbih kurang 217.00...

la nk kene letak statement ke...tu rahsie la...takkan crite abis dlm kain nk bgtau...

pair nie mmg make money dan make profit la...

ade sorang mamat kat aussie bgtau die stat dgn usd2500 majoriti main pair nie dlm 3bulan duit die dh jd usd18000...

tp utk beginner otai2 forex sarankan jgn main pair nie dulu...try la usd/jpy atau eur/usd...
 
ade 13 minit lagi cs h4 ni nak close, kalau le close atas sma 100 ni, tu le target utk long term yg bulat pink, tapi kalau break trendline aku kat bawah tu, so kire false TA aku ni utk ke atas :"> :">

kene tarik fibo baru ngan trendline :D
 

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Currency
Rates
EUR / USD
1.12553
USD / JPY
157.858
GBP / USD
1.32319
USD / CHF
0.82936
USD / CAD
1.42565
EUR / JPY
177.626
AUD / USD
0.69491
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