GBP/JPY Forex Signals for Traders Tuesday, February 24 2015

 

GBP/JPY

SUMMARY : The primary trend of GBP/JPY is bullish, prices are sustaining on the higher levels & looking further bullish for the few upcoming sessions. The pair is taking resistance from falling trendline, consolidating & gaining strength to break it upside. Today if the pair breaks 184.20 & managed to sustain above it, then we can expect it to continue its ongoing trend & test the level of 184.87/185.20 in today's session. RSI is sustaining in buying territory supporting upside movement in the pair.

MACD line has recently break the zero line,indicating the up trend in the market.

 

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STRATEGY :- GBP/JPY is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Technical Chart

USD/CAD Currency Pair Forex Signal for Thursday, February 19 2015

 

USD/CAD Currency Pair

 

SUMMARY : USD/CAD currency pair trend is majorly on the bullish side, prices are sustaining on the higher levels & looking further bullish for the few upcoming sessions. The pair is taking resistance from the level of 1.2465, consolidating & gaining strength to break it upside. Today if the pair breaks 1.2465 & managed to sustain above it, then we can expect it to continue its ongoing trend & test the level of 1.2490/ 1.2530 in today's session.

Prices are taking support of 30 SMA & 200 SMA. RSI is also sustaining in buying territory supporting upside movement in the pair. MACD line has recently break the zero line, indicating the up trend in the forex market.

 

Technical Chart

STRATEGY :- USD/CAD is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

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