bdswiss_-_forex_cfd_and_binary_options_-_2016-06-06_10-06-47From Investor to Scalper – series of studies created in cooperation with broker BDSwiss, in which we take a financial instrument and the analysis includes a detailed look at the value from the monthly chart and ending with 5/15 minutes.


Looking at the history chart, we see that the GBPJPY currency pair from the very beginning of their trade  moves south, where the historical maximum of 864.77 was established in April 1971, and the minimum at 116.79 until September 2011.

GBPJPY Monthly
GBPJPY Monthly

Looking a little closer to the current market situation, we can see that the emergence of a strong rejection of the level of demand at 125.50, caused  four weeks lasting dynamic growth.

GBPJPY Weekly
GBPJPY Weekly

 

If we look at the daily chart, we see that the potential for growth may even reach the level of about 141.100. Although it’s worth taking into account local resistance 138.72 and downtrend line around which we may receive a response from the supply side.

GBPJPY Daily
GBPJPY Daily

Looking at the H1 chart we can see that for several days the market moves in the growth channel . We are now in the vicinity of the lower limit, and if only the level will defend itself, we expect a continuation of growth

GBPJPY H1
GBPJPY H1

bdswiss_-_forex_cfd_and_binary_options_-_2016-06-06_10-06-47BDSwiss offers its customers a sophisticated and reliable tool to invest in the market CFD / Forex. Especially novices can result in the safe introduction into the world of financial investments. The educational program of seminars and live comments market traders meet the expectations of those who want to learn how to invest successfully, which is building a great partnership between BDSwiss and its customers.

 

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