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 major trend in inverse saucer, interim rallies on hammer | August 20, 2019



Print PDF

GBPJPY  has occurred hammer pattern at 127.153 levels. Ever since then, mild buying sentiments are observed.



The minor trend has constantly been sliding below DMAsso far, but for now, the interim bulls attempt to bounce back with the hammer pattern that takes above 7DMAs. We could foresee more rallies on the cards upon bullish MACD crossovers and intensified buying momentum.



21-DMA – 130.395



7-DMA – 128.457



RSI and fast stochastic curves show upward convergence to the prevailing price rallies to indicate buying strength in the ongoing minor uptrend but faded at 45 levels.



On a broader perspective, the consolidation phase fails at 61.8% Fibonacci levels (refer monthly chart), bears extend through inverse saucer in the minor trend, with the bearish engulfing pattern at 146.754 and 136.767 levels with the intensified selling momentum. 



Thereby, the major downtrend is back in action as downswings, on this timeframe, are on the verge of retracing 88.6% levels.



Trade tips: At spot reference: 129.010 levels, contemplating above technical rationale, one can execute one-touch call options strategy. Such exotic option with upper strikes at 130.396 levels favoring prevailing buying sentiments and fetch leveraged yields as compared to spot.



Alternatively, amid Brexit decision shorting futures of mid-month tenors are advocated with a view of arresting further potential slumps. Writers in a futures contract are expected to maintain margins in order to open and maintain a short futures position.



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 !