OurNifty.com

A Indian Stock Market Blog

GBP/JPY for Short Term: Sell GBP/JPY Below 133.05

By Leave a Comment

Our short term trading analysis on GBP/JPY, we recommend short GBP/JPY Below 133.05 for target of 132.05 and 131.65 keep stoploss above 133.35.

Why to go Short: This pair is still trading below its 50 DMA on Daily chart. 133.85 is a strong resistance level and the pair is likely to stay below this level. So trend should stay bearish for short term (for 2 weeks).

Share
Tweet
Pin
0 Shares

You Should Read This:

  1. GBP/JPY for Intraday: Sell GBP/JPY Below 133.42 Our intraday trading analysis on GBP/JPY, we recommend short GBP/JPY Below 133.42 for target of 133.1 and 132.75 keep stoploss above 133.75. Why to go Short: This pair is still trading below its 50 DMA...
  2. Forex: EUR/USD Trading Analysis for 23 May 2011: Sell EURUSD below 1.4115 Today’s trading technical analysis (tips) for EUR/USD 23 May 2011, we recommend, Enter short position only in (Sell) EUR/USD below 1.4115 for target of 1.4055 and 1.4015 also place protective stop loss above 1.4135. Reason...
  3. Forex: EUR/USD Trading Analysis for 16 May 2011: Sell EURUSD below 1.4155 Today’s trading technical analysis (tips) for EUR/USD 16 May 2011, we recommend, Enter short position only in (Sell) EUR/USD above 1.4155 for target of 1.4055 and 1.4015 also place protective stop loss above 1.4175. Reason...
  4. Eur/Usd Intraday Analysis: Short EUR/USD Below 1.3650 Our trading analysis on EUR/USD, we recommend sell EUR/USD Below 1.3650 for target of 1.3595 and 1.3570 keep stoploss above 1.3666. Why to go Short: We see this pair has formed a bearish channel on...
  5. Forex: EURUSD Technical Analysis on 29 July 2011, Sell EURUSD below 1.4295 Today’s trading technical analysis for EUR/USD 29 July 2011, our advice to trade short (sell) in EURUSD below 1.4295 level for target of 1.4255 and then 1.4215 levels also place protective stop loss above 1.4315...
About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post:
Next Post: