Forex VPS
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

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

GBPJPY Technical Analysis (19-23 January,2015) | January 18, 2015

Print PDF

GBPJPY has rejected from 61.8% fibo retracement level. It has bounced back after big fall. For this rejection it loss its bearish momentum. Above this fibo 61.8% level, this pair can start bullish rally. For buy entry, target will be 181 area.

In weekly chart, we can see the bearish momentum of this pair. It did not respect long legged doji pattern. It fell sharply and faced support on fibo level. We can see horizontal support at 175.30-175.50 area. It can be good buy zone.

In daily chart, we can see bullish reversal candle is formed on fibo 61.8% level. So if it holds this bullish momentum, then it can go 181 area again. Our recommendation is to buy from retracement if it holds fibo 61.8% level.

Weekly Pivot, Support and Resistance

Resistance Two (R2): 182.83

Resistance One (R1): 180.37

Pivot Point: 178.06

Support One (S1): 175.60

Support Two (S2): 173.29

Submit Your Comments:

 Forex Trading VPS


Windows 2012R2/2016 | 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
ECO-01 buy now1 Core 756MB 18GB Unmetered $4.99/M$4.49/M$3.99/M $2.99/M MT4 Pre-InstalledYesFree
ECO-02 buy now 1 Core 1GB 22GB Unmetered $5.99/M$5.49/M$4.99/M $3.99/M MT4 Pre-InstalledYesFree
ECO-03buy now 2 Core 2GB 30GB Unmetered $9.99/M$9.49/M$8.99/M$7.99/M MT4 Pre-InstalledYesFree
ECO-04 buy now2 Core 3GB 32GB Unmetered $13.99/M$13.49/M$12.99/M $11.99/M MT4 Pre-InstalledYesFree
ECO-05buy now 3 Core 4GB 40GB Unmetered $17.99/M $17.49/M$16.99/M$15.99/MMT4 Pre-InstalledYesFree
ECO-06 buy now 3 Core 5GB 45GB Unmetered$21.99/M $21.49/M$20.99/M$19.99/MMT4 Pre-InstalledYesFree

***We accept Paypal, Perfect Money, Bitcoin !