empty
 
 

Forex Analysis & Reviews: GBP/JPY Is Approaching Resistance, Lookout For A Reversal!
time 07.02.2019 10:36 AM
time Relevance up to, 01.01.1970 03:00 AM

GBP/JPY is approaching resistance at 146.02 (50%, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect price to drop to its support at 141.83 (50% Fibonacci retracement, horizontal pullback support).

Stochastic (21, 5, 3) is approaching resistance.

GBP/JPY is approaching its resistance where we expect to see a reversal.

Sell below 146.02. Stop loss 148.39. Take profit at 141.83

This image is no longer relevant

Dean Leo,
Analytical expert of InstaForex
© 2007-2023
EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

USDJPY, H4 Bearish Channel Continuation
Today we take a look at USDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.
Author: Dean Leo
04:18 2023-01-31 UTC--5
553
USDCAD Potential for Bullish Rise towards overlap resistance
Description : Looking at the H4 chart, my overall bias for USCAD is bullish due to the current price heading towards the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1.33429, where the overlap support and 50% Fibonacci line is. Stop loss will be at 1.32993, where.
Author: Dean Leo
03:08 2023-01-31 UTC--5
643
AUDUSD Potential for Bearish Drop to recent swing low
Looking at the H4 chart, my overall bias for AUDUSDis bearish due to the current price being below the Ichimoku cloud, and a descending trend line adds confluence to my bias,indicating a bearish market. Looking for a sell entry at 0.70575 where the momentum of the price . We are looking to take.
Author: Dean Leo
03:07 2023-01-31 UTC--5
718
Show more
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

January 31, 2023 : EUR/USD daily technical review and trading opportunities.

The market has remained under buying pressure until a plateau level occurred around the key-zone around 1.0800-1.0850. In the mean time, any downside movement towards 1.0300 should be watched

Mohamed Samy 18:02 2023-01-31 UTC+2

January 31, 2023 : EUR/USD Intraday technical analysis and trading plan.

Price action around the key-level of (1.0550-1.0600) was quite bullish. That's why, further bullish continuation towards 1.0800 was demonstrated. Moreover, more bullish advancement towards the nearest supply zone around 1.1150-1.1200

Mohamed Samy 18:00 2023-01-31 UTC+2

January 31, 2023 : GBP/USD Intraday technical analysis and significant key-levels.

Price action around 1.2340 was being watched for bearish rejection and a short-term SELL Entry. It was running in profits until the current bullish bounce has been expressed. Please take

Mohamed Samy 17:59 2023-01-31 UTC+2

Trading Signal for GBP/USD for January 31, 2023: sell in case of pullback at 1.2374 (21 SMA - bearish channel)

According to the 4-hour chart, we can see that the British pound is trading within a downtrend channel formed since January 13. In case there is a pullback towards 1.2374

Dimitrios Zappas 15:05 2023-01-31 UTC+2

Bulls try to reverse trend in the Dollar index.

The Dollar index is trading around 102.25 after making a low around 101.47 4 sessions ago. Price has stopped the decline at the 50% Fibonacci retracement level. In previous posts

Alexandros Yfantis 14:50 2023-01-31 UTC+2

Analysis of EUR/USD on January 31. Bullish trend remains strong

Hi everyone! The EUR.USD pair rose higher moving in the sideways channel. Later, it dropped to the lower border of the channel. However, it managed to rebound to 1.0900

Samir Klishi 12:05 2023-01-31 UTC+2

Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Tuesday January 31, 2023

Currently on the 4-hour chart the main EUR/USD currency pair seems to be trying to break below the 1.0838 level which happens to be the Equal Low area

Arief Makmur 11:35 2023-01-31 UTC+2

Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Tuesday January 31, 2023

On the 4-hour chart, the main USD/JPY currency pair, although seen moving downward in the channel, which indicates that the bias is in a bearish condition. It appears that hidden

Arief Makmur 11:35 2023-01-31 UTC+2

Forex forecast 01/31/2023 USD/CAD,AUD/USD, Oil and Bitcoin from Sebastian Seliga

Let's take a look at the technical picture of USD/CAD,AUD/USD, Oil and Bitcoin

Sebastian Seliga 11:07 2023-01-31 UTC+2

GBP/USD. January 31. Bulls and bears at equilibrium

On the hourly chart, the GBP/USD pair reversed to the downside and fell to the level of 1.2342 on Monday. Rebounding from this level, the British currency may strengthen

Samir Klishi 10:35 2023-01-31 UTC+2
Can't speak right now?
Ask your question in the chat.