CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

GBP/JPY

Market Opportunities - 02/08/2019

02 August, 2019

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

GBP/JPY a downtrend opportunity based On 1.00 Lot Calculation:

On Thursday, the Bank of England left its key interest rate unchanged trimming its 2019 GDP forecast growth.

This week, UK Primer Minister Boris Johnson faced a growing resistance in Scotland for his plans to leave the EU on October 31 with or without a deal.

The yen strenghtened strongly on Thursday after US President Donald Trump announced a sharp escalation of the U.S.’s trade war with China.

GBP/JPY, August 2, 2019
Current Price: 129.65

GBP/JPY

Weekly

Trend Direction

DOWN

PIVOT POINTS

Resistance 3

131.84

Resistance 2

131.25

Resistance 1

130.96

Support 1

128.33

Support 2

128.00

Support 3

127.36

Example of calculation base on weekly trend direction for 1.00 Lot*

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss Short in $

-2049

-1497

-1226

1235

1544

2143

Profit or loss Short in €

-1847

-1349

-1105

1113

1391

1931

Profit or loss Short in £

-1690

-1234

-1011

1018

1273

1767

* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 10:30 GMT+1 2/8/2019
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account Manager regarding their use.
*** Please consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Senior Account Manager for more details.

Share It With Your Network
Pound - Japanese Yen Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now
Close

Be aware of the following holiday trading schedule for the 2nd and 3rd of September, Labor Day – USA

Instrument Monday 02.09.2019 Tuesday 03.09.2019
All Forex Regular Regular
Indices
USA 500 Early close 16:59 Regular
USA-TECH 100 Early close 16:59 Regular
USA 30 Early close 16:59 Regular
JAPAN 225 Early close 16:59 Regular
USA 2000 Early close 16:59 Regular
DOLLAR INDEX Early close 16:59 Regular
Energy
Crude oil Early close 16:59 Regular
Brent Oil Early close 16:59 Regular
Natural Gas Early close 16:59 Regular
Heating oil Early close 16:59 Regular
Gasoline Early close 16:59 Regular
Commodities
Corn Closed Regular
Soybeans Closed Regular
Wheat Closed Regular
Sugar Closed Regular
Cotton No.2 Closed Regular
Metals
Gold Early close 16:59 Regular
Silver Early close 16:59 Regular
Copper Early close 16:59 Regular
Palladium Early close 16:59 Regular
Platinum Early close 16:59 Regular
Bonds
Bonds US Early close 16:59 Regular
Equities
Equities US Closed Regular
  • All times are GMT (0)
  • Please note: In case of low liquidity in a specific instrument, Fortrade may widen the spreads or even close the instrument for trading. Notifications will be issued regarding any such changes to the trading schedule.
  • The above times may be subject to change.
  • 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.