Trading Signal - 22 / 07 / 2016 - 10:00 (GMT +3)

Instrument: GBPJPY
by: Chief Technical Strategist Avramis Despotis

Previous Close 140.09

Change 0.34 %

Current 140.09

52 Week High 195.17

52 Week Low 130.16

30 Days ATR 2.44

40 Weeks ATR 4.18

Trend & Support & Position & Trade Entry, Take Profit &
Time Comments
Condition Resistances Probability Stop Loss Levels

Position Entry SL

139.00 140.75 The market is testing support at 139.00. We are

60min
waiting to see reversal signals in order to reinstate BUY - -
CHART
137.20 141.50 LONG positions, or alternatively the upward break
· Upwards
of the 140.75 resistance level. Next important Trade P. TP1 TP2
Next 3 Days Weak
· 136.10 142.70 support the 137.20 level.
Neutral - 143.90 146.40

Position Entry SL

240min 137.60 143.20 The market is in an uptrend and we are waiting for
CHART an entry signal to go LONG above the 143.20 BUY 143.20 137.60
· 134.20 146.60 resistance level. Only the downward break of
Upwards
Next 3 137.60 would cancel the bullish scenario and take Trade P. TP1 TP2
Strong
Weeks
·
128.70 151.90 us SHORT.
Neutral Medium 146.60 151.90

Position Entry SL

Daily 128.70 144.00 A Medium probability, entry signal to go SHORT

CHART will be given with the downward break of 137.70 SELL 137.70 144.00
· 120.00 150.50 after the market found resistance at 144.00. Only
Next 3 Downwards
the upward break of 144.00 would cancel the Trade P. TP1 TP2
Strong
Months 105.50 163.90 bearish scenario.
·
Overbought 2 Medium 120.00 105.50

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investment research.

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