8/18/2019 EN-GBPJPY-20160209-M

1/1

Trading Signal - 09 / 02 / 2016 - 10:00 (GMT +2)

Instrument: GBPJPY

by: Chief Technical Strategist Avramis Despotis

Previous Close 166.03

Change -0.33 %

Current 166.03

52 Week High 195.58

52 Week Low 164.81

30 Days ATR 1.85

40 Weeks ATR 2.89

TimeTrend &

Condition

Support &

ResistancesComments

Position & Trade

Probability

Entry, Take Profit &

Stop Loss Levels

60minCHART

·

Next 3 Days

Downwards

Strong

· 

Neutral

164 .70 166.90

163 .90 168.20

162 .60 170.30

Waiting for a retracement higher towards the166.90 resistance level, or alternatively the break

of the 164.70 support level, in order to reinstate

SHORT positions.

Position Entry SL

SELL - -

Trade P. TP1 TP2

- 163.90 162.60

240min

CHART

·

Next 3

Weeks

Downwards

Strong· 

Oversold 2

164 .60 168.20

162 .00 170.80

160 .80 175.00

Waiting for a retracement higher towards the

168.20 resistance level in order to reinstate

SHORT positions.

Position Entry SL

SELL - -

Trade P. TP1 TP2

- - -

Daily

CHART

·

Next 3

Months

Downwards

Strong

· 

Neutral

164 .00 175.02

157 .00 181.85

154 .00 192.88

A Medium probabi lity, entry signal to go SHORT

was given at 170.90 after the market found

resistance at 175.02. Only the upward break of

175.02 would cancel the bearish scenario.

Position Entry SL

SHORT 170.90 175.02

Trade P. TP1 TP2

Medium 157.00 154.00

Legal Disclaimer: All t rading signals provided are general recommendations. They have not been prepared in accordance wit h the requirements designed to promote the independence of

nvestment research.

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