I think this pair will rise from now.
long direction expected to continue and next target would be at 121.06
Like his relative GBP USD , Pair has already broken two support levels 120.75 & 120.25.
and go nearly to the daily range then reflects NOW ..
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hi
how are you
the pair cant close above the broken up trend line
and cant close above the level 121.30
i see the pair will go down to the level 119.85
Good luck
I agree with you! According to Bulls and Bears power I'm selling now for the next 4hr candle.Originally Posted by egyptionforex
Bulls level at 24 while Bears at 45. Next update at next 4hr candle.
I think this pair will rise more.
Long direction still standing and expected to continue.
buy is the good decision or you can close your sell order.
That the price he was able to penetrate the resistance level at 121.344 and is therefore likely to rise to the top
GBPJPY intraday is further advance, The pair is rebounding on it's support as the RSI turning up.
The pair continue it's up movement targeting the level of 121.70 and 122 .
The GBP / JPY continued its downward correction yesterday to complete a pullback to the support to 120.67 despite a low of 120.
Indicators are generally bearish.
We continue to treat only long as support is 120.50.
A return to above 121.59 reinforce our bullish sentiment.
The break of 122.50 will give a new buy signal and open the way to 123.
In case of return under 120.50, a sell signal is given.
gbpjpy-19102011.pnggbpjpy-19102011-2.png
the pair now in up-channel as you see in my chart, so
up movements will be expected if the upper line of the
channel broken , or falling down will be expected in case of
broken lower line of the channel
Good Luck
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