Forex VPS
Link https://www.cryptoder.com/en
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

GBP/JPY Chartpack - Technicals & Trade Setup : FxWirePro | April 18, 2018



Print PDF

GBP/JPY bulls beam up with momentum despite shooting star and stiff resistance, major trend retraces 38.2% Fibos – Trade boundary binaries:



Chart and candlestick patterns occurred: Hammer and bullish engulfing patterns in the minor trend evidence considerable rallies through uptrend line (refer daily chart ).



While the intermediate trend has been spiking through rising wedge pattern which is bullish in nature, for now, the bulls have tested the strong support at wedge baseline and retraced more than 38.2% Fibonacci levels. Consequently, the rallies are likely to extend only on the decisive break-out above stiff resistance at 153.803 levels (refer monthly chart).



Hammer occurred at 145.831 levels and bullish engulfing pattern has occurred at 147.065, 149.939, 149.819 and 152.633 levels that take off rallies well above DMAs but restrained below the stiff resistance at 153.803 levels, countering bearish swings yesterday rallies have tested support at 152.6811 (i.e. 7DMA levels), consequently, the upswings attempt to break-out stiff resistance at 153.803 levels yet again.



The consolidation phase has been edgy in the stiff resistance areas of 152.121 - 153. 600 and attempting to dip below 7EMAs in the recent history, bearish patterns like hanging man and bearish engulfing patterns have occurred on monthly plotting at same levels.



The stochastic oscillator on daily and monthly terms have been converging upwards but has been slightly indecisive on monthly terms, bullish though in daily terms.



While RSI on the daily chart has been converging to the price rallies to signal the strength in the buying interests, same has been the case on monthly terms.



While MACD on both timeframes substantiates bullish interests, signals extension of price rallies.



Trade tips:



On speculative grounds, at spot reference: 153.607 we advocate buying boundary binary options choosing upper strikes at 154.144 levels and lower strikes at 152.6811.



Currency Strength Index: FxWirePro's hourly GBP spot index is flashing 133 (which is bullish ), while hourly JPY spot index was at -57 ( bearish ) ahead of UK CPI 0.18% data announcement, while articulating (at 06:17 GMT             ).



Submit Your Comments:

 Forex Trading VPS


FOREX FUNCTION MEMBERSHIP

FX PREMIUM SIGNAL & AUTOCOPY
Email & Twitter SMS Alert | Secured & Errorless Auto Copy | Support All Broker & Account Types | Premium eBooks, Analysis & Strategy | Custom Risk Management

Plan NameBuy LinkEmail AlertTwitter
SMS Alert
Signal Auto
Copier EA
Free VPS
(1-3 Months)
Monthly Target
(Minimum)
Price
(Montly)
Price
(Quarterly)
Price
(Semi-Annually )
Price
(Annually)
Setup
AUTO COPY Subscribe NowYes Yes Yes Yes*
(Min 3 Month Subscription)
500+ Pips $25 23$ 20$$15Via Live Support
SIGNAL ALERT Subscribe NowYes Yes No No 500+ Pips $14 12$ 9$$7No Need
CashBack View DetailsYes Yes Yes Yes 500+ PipsFree Free FreeFreeVia Support

FF FOREX VPS
Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !