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

Can GBP/JPY bears drag inverse saucer? Uphold short setup | June 10, 2019



Print PDF

 



Technical analysis (chart and candlestick patterns occurred):  GBPJPY  formed inverse saucer pattern on daily plotting.



Bears have been dragging inverse saucer pattern to signal further weakness, price in this minor trend slide constantly below DMAs.



Although you see some minor upswings, the failure swings have been observed recently at 138.152 level which is acting as the resistance at the inverse saucer.



Hence, the recent mild price rallies have not been convincing as the momentum and trend are in conformity to the downswings (in bears’ favor).



On a broader perspective, the major downtrend that went in the consolidation phase has now resumed bearish streaks again (refer monthly plotting), where the stern bearish engulfing patterns have occurred at 136 and 146 levels on monthly terms to nudge prices below EMAs. Consolidation phase attempts to resume upon hammer pattern at 142.689 levels but fails at 61.8% Fibos, as a result, major downtrend back in action as bears on verge of retracing 78.6%.



Thereby, we could foresee the current downtrend seems most likely to extend on intensified bearish momentum and bearish DMA & MACD crossovers.



One can now uphold shorts in futures contracts of mid-month tenors with a view to arresting further potential downside risks. Writers in a futures contract are expected to maintain margins in order to open and maintain a short futures position.



Alternatively, on daily trading grounds, at spot reference: 138.098 levels, we advocate shorting for targets up to 137.329 levels with the strict stop loss of 138.484. Thereby, the strategy is likely to fetch decent yields with an attractive risk/reward ratio.



Currency Strength Index: FxWirePro's hourly GBP spot index is flashing -28 (which is mildly bearish ), while hourly JPY spot index was at -174 ( bearish ) while articulating (at 06:57 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 !