"Forex trading involves a high level of risk"
Short GBP/JPY forms bearish engulfing pattern, good to sell on rallies : FxWirePro | October 9, 2018
Ichimoku Analysis ( Daily chart )
Tenken-Sen - 148.35
Kijun-Sen - 146.15
GBPJPY -0.28% has shown a sell-off of more than 200 pips after hitting high of 149.51. Previously the pair hits high of 149.71 and declined till 147.19. It is almost like double top and any bullishness can be seen only above 150..
Any break above 150 confirms that short term selling got completed at 139.89 and new major bullish trend will continue after breaking 150. Any violation above targets 153.75/156.60.
On the lower side, near term support is around 147.69 (20- day MA) and any drag below 147/146.26 (89- day EMA )/145.
It is good to sell on rallies around 148.45-50 with SL around 149.70 for the TP of 146.26/145.
Submit Your Comments:
FOREX VPS FOR TRADERS
FF FOREX VPS
Windows 2012R2/2016 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee
| Plan Name | Buy Link | CPU | RAM | Disk | BandWidth | Price (Montly) | Price (Quarterly) | Price (Semi-Annually ) | Price (Annually) | Installation | BackUp | Setup Fee |
| ECO-01 | buy now | 1 Core | 756MB | 18GB | Unmetered | $4.99/M | $4.49/M | $3.99/M | $2.99/M | MT4 Pre-Installed | Yes | Free |
| ECO-02 | buy now | 1 Core | 1GB | 22GB | Unmetered | $5.99/M | $5.49/M | $4.99/M | $3.99/M | MT4 Pre-Installed | Yes | Free |
| ECO-03 | buy now | 2 Core | 2GB | 30GB | Unmetered | $9.99/M | $9.49/M | $8.99/M | $7.99/M | MT4 Pre-Installed | Yes | Free |
| ECO-04 | buy now | 2 Core | 3GB | 32GB | Unmetered | $13.99/M | $13.49/M | $12.99/M | $11.99/M | MT4 Pre-Installed | Yes | Free |
| ECO-05 | buy now | 3 Core | 4GB | 40GB | Unmetered | $17.99/M | $17.49/M | $16.99/M | $15.99/M | MT4 Pre-Installed | Yes | Free |
| ECO-06 | buy now | 3 Core | 5GB | 45GB | Unmetered | $21.99/M | $21.49/M | $20.99/M | $19.99/M | MT4 Pre-Installed | Yes | Free |
***We accept Paypal, Perfect Money, Bitcoin !
RECENTLY UPDATED POSTS See All . . »
Bringing Mr. Bollinger to the Table
Surfing the Waves of Volatile Markets
Intraday Trading and High Leverage: Strategies for Rapid Market Movements
How Is FX Trading Regulated Across African Countries?
FX Trading Regulation Around The World
3 Strategies That Can Provide You With Decent Returns In The FX Market
| Money Management |
| Candlesticks Pattern |
| News Trading |
| Could U.S. be on its way to Stagflation |
| Chart Pattern Trading |
| Fibonacci Calculator |
| Pivot Points Calculator |
| [email protected] |
Risk Disclaimer : Security Trading, Forex, Options, Futures and Commodities are highly leveraged products which involves large potential risks. If efficient money management,is not practiced then there are possibilities that you may lose your capital (Margin Call) in a matter of days or even minutes. Before making any transaction, you should ensure yourself that you fully understand the risks involved in the Forex Market. We provide Forex signals and forecasts by the experience on different market conditions, price action, market sensitivity, strategies, analysis and other trading rules; though we we cannot assure you that every signals will gain you profit due to the unpredictable nature of the financial market.
© ForexFunction All Rights Reserved 2014-15