Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

GBPJPY 60 Minute Chart Analysis March 17th, 2017

Thursday, March 16, 2017 23:33
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Screen Shot 2017-03-17 at 06.59.01

Hello Traders good to be back with you as today we look at the GBPJPY 60 minute chart. Well to start I am not trading a USD pair today as I am waiting until Monday when the market settles after the Fed and interest rate decision. Ok let us take a look as we can see this pair is at resistance and we are just below the physiological level of 114.00. I am look at a trend line break to the downside and a close below and a possible retest of the trend line but not needed to make our entry. So I am looking to enter the trade at the price level of 139.75 as marked on the chart.We are looking to take our profit at the support price level of 139.20 for a nice 50 pip trade if this works in our favor.

Thank you traders and have a safe and happy weekend, we will talk soon…..William



Source: http://fxinstructor.com/blog/gbpjpy-60-minute-chart-analysis-march-17th-2017

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.