Gbp/Jpy

[delpacing]

Resistance Level : 128.75, 129.10, 129.50
Support Level : 127.80, 127.10, 126.60
Trading Range : 127.10 � 128.75
Trend : Bearish

[simpleforex68]

We can see that in H1 chart of the pair, the price is in sideway. So, I think the price will continue go in the triangle pattern and will make a break out to go up.
http://s7.postimage.org/fhg3ukvpn/image.jpg

[ashaab]

The pair is still trading within the symmetrical triangle shown above, where the pair is closely approaching the head of the triangle. Trading is stable below 128.40 and that supports our expectations for the bearish move to continue today targeting areas of 127.10 then 125.65 and require stability below 129.05.

http://i45.tinypic.com/21jd8r6.jpg

Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 128.40 targeting 127.10, 126.50 and stop loss with four-hour closing above 129.05 might be appropriate

[Nabi Ahmed Gill]

Main ye thread GBPJPY ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

Gbp /jpy boht he acha or best pair ha muja ya pair boht acha lagta ha or main es pair ko boht zada used karta hoon muja es pair par boht sara borassa hota ha es lya main na kafi profit be earned kar lyaa ha trading sa ap koi be ak dooo pair chose kar loo or us par he trading karo kafi profit earned kar sakta hoo.

[ashaab]

The pair remains stable below the previously breached symmetrical triangle and the MA 50 is still pressuring the pair over intraday basis. Therefore, we hold onto our bearish intraday expectations for today targeting initially 126.50 and require stability below 128.40.

http://i46.tinypic.com/1zf7v4p.gif

Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 128.15 targeting 127.25, 126.50 and stop loss above 128.95 might be appropriate

[ashaab]

The pair declined sharply yesterday to complete the formation of the double top shown above, especially after the breach of the neckline at 127.10. The pair is stable below the retest level of 125.65, providing more bearish signs that support the continuity of the downside movement today . Our main target is the retest level of 123.75. A breach of 125.65 might trigger a retest of the previously breached neckline at 127.10.

http://i50.tinypic.com/t528mc.gif

Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 125.65, targeting 124.70 and then 123.85 and stop loss with 4-hour closing above 126.65 might be appropriate

[simpleforex68]

In H1 chart of the pair, we can see that the price has had a long time decrease from about 129.56. The Ichimoku Kumo Cloud is flat now. So I think the price will retrace to the Fibonacci 50% level.
http://s7.postimage.org/n7no40f1n/image.jpg

[khaled24]

http://img571.imageshack.us/img571/7139/gbpjpyv.png
After the bearish motion of the pair , it has faced the strong support level @ 125.36 (50.0%) then it started to move up , i expect more rise for this pair till it correct its position and hit the resistance level @ 127.24 (61.8%) , it can be our first target point , Good Luck

[md satu]

yes you r right
as expected this pain making a strong bearish movement right after the news release yesterday & the support line has been broke by yesterday never but becareful

[md satu]

yes you r right
as expected this pain making a strong bearish movement right after the news release yesterday & the support line has been broke by yesterday never but be careful

[ibnbaghdad]

my free zone to trade you can buy or sell here and your limits are
top point 126
bottom point 124.40
buy from 126 your stop lose 124.40 your target 127.50
sell from 124.40 your stop lose 126 your target 123.30

[ashaab]

The pair retested 125.65 areas and stable below it, therefore, the morning suggested weekly scenario was activated and remains valid with stability below 125.65 and most importantly 127.10.

http://i47.tinypic.com/28buxkz.gif

Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 125.65 targeting 123.65 followed by 122.25 and stop loss above 127.10 might be appropriate this week

[ibnbaghdad]

my free zone to trade you can buy or sell here and your limits are
top point 125.50
bottom point 125
buy from 125.50 your stop lose 125 your target 125.80
sell from 125 your stop lose 125.50 your target 124.70

[ibnbaghdad]

my free zone to trade you can buy or sell here and your limits are
top point 125.50
bottom point 125
buy from 125.50 your stop lose 125 your target 125.80
sell from 125 your stop lose 125.50 your target 124.70

[nurdiantofxwave]

http://i1261.photobucket.com/albums/ii585/nurd1npntr/gj-5.gif

Movement of this pair will tend sideways because affect of hma 192 that shown green colour and hma 860 that shown red colour. Now price moving between both hma. Price is estimated affected movement of hma 32 and it is tend bullish. Look that price affected by stochastic signal in tf h1 so buying position is recommendated if that signal move up after in oversold area.

[ibnbaghdad]

my free zone to trade you can buy or sell here and your limits are
top point 126.20
bottom point 125.40
buy from 126.20 your stop lose 125.40 your target 126.50
sell from 125.40 your stop lose 126.20 your target 125.10

[simpleforex68]

We can see that in H4 chart of the pair. The Ichimoku Kumo Cloud is flat. So, I think the price will be up to the Kumo Cloud. The main trend is down because the price is below the EMA 200. Therefore, after hitting the Kumo Cloud, the price will decrease strongly.
http://s13.postimage.org/n0gnvsyjb/image.jpg

[ashaab]

The pair is fluctuating around 125.65 and that activates the morning suggested scenario which remains valid today as far as the pair does not stabilize above the mentioned level. Stability above those areas will drive the pair higher to retest 127.10 areas.

http://i49.tinypic.com/5bqsrl.gif

Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 125.65 targeting 124.70 followed by 123.55 and stop loss above 126.30 might be appropriate

[gemmy]

the pair now is forming a triangle on H4 cahrt shown , and i think also if it break the resistance level at 23.6 % @126.20 we can expect the pair to continue upward till reach the upper side of the triangle and so we can buy , good luck

1179

[nurdiantofxwave]

http://i1261.photobucket.com/albums/ii585/nurd1npntr/gj-6.gif

After rising to its heghest level yesterday (126.39), movement of price reversed down during the sessions of the american and then until now can not rise yet. Now price move around dayly support 1 level, if price can break it, price could down again to dayly support 2 level (124.90) but it will be stuck in the oversold area mbfx indicator.

[ashaab]

The pair settled for stability around 125.40 and declined sharply this morning. In general, our bearish expectations remain valid as far as we do not see stability above 125.62.

http://i49.tinypic.com/rc6ams.gif

Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 125.65 targeting 124.70 followed by 123.55 and stop loss above 126.30 might be appropriate

[khaled24]

http://img684.imageshack.us/img684/3011/gbpjpyh.png
For the Daily chart , we can notice that the pair has broken its bullish channel from a period and started to fall down on a bearish channel , the pair has just made a retest on the lower line of this bearish channel and reversed its direction by moving up , for me i expect this pair to continue moving up till it reach the resistance level @ 125.03(50.0%) then @ 126.96 (61.8%) or below it a little , then the pair will move down again on the channel indicated , i support now to buy on the short term and sell later , Good Luck

[ashaab]

The pair is still stable below 125.65, while momentum indicators are still positive. Therefore, our suggested scenario remains valid as long as the pair is stable below the mentioned level.

http://i46.tinypic.com/n1dwt2.gif

Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 125.65, targeting 124.70 and then 123.40 and stop loss with 4-hour closing above 126.30 might be appropriate

[Sondag]

Well, this pair is went on sideways and trapped between the support level of 124.50 and Resistance at 124.95. I think, its better be to buy on the low and sell on the high. But considerring its spread, i think its better to go "Buy" only and wait for 2 or more days to gain profit. Set the TP at 124.95 ;)

[ashaab]

The pair is trading within a tight range since the morning around 124.80. Therefore, our morning expectations remain as they are for the rest of the session today as long as the pair is stable below 125.65.

http://i49.tinypic.com/14tlwkm.gif

Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 125.65, targeting 124.70 and then 123.30 and stop loss with 4-hour closing above 126.30 might be appropriate

[Sondag]

This pair is trapped between the Resistance level at 124.95 and its support at 124.35. My strategy for this pair is to buy at low, and sell at high. If this pair could broke wether its resistance or support for about 25 pips, we can say it, its show the trend.

[ashaab]

The pair is trading bearishly since the morning, settling around 124.50. Therefore, no changes apply to our weekly expectations , which remain valid as long as stability below 125.65 is seen.

http://i45.tinypic.com/2nu60hy.gif

Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 125.65, targeting 124.70 and then 123.25 and stop loss with 4-hour closing above 126.30 might be appropriate

[purohit]

Gbp /jpy boht he acha or best pair ha muja ya pair boht acha lagta ha or main es pair ko boht zada used karta hoon muja es pair par boht sara borassa hota ha es lya main na kafi profit be earned kar lyaa ha trading sa ap koi be ak dooo pair chose kar loo or us par he trading karo kafi profit earned kar sakta hoo.

[Sondag]

Not expecting too much for the pair with the end of XXXJPY. It moves slowly as always. Take a look at support 124.15 and its resistance at 124.95. My daily strategy is buy at support and sell at resistance. If this pair could break its suppport and resistance for minimum 30 pips, it have found the trend.

[vampire]

For today trade on this pair, I suggest you to stay = wait and see first. Look - on this pair there is was formed 4 candle that can not break more down to that Low fibo (124.13). But, truly, I see the more bearish continuation here for next price movement = the bearish continuation here must be triggered by the nice bearish candle that then can truly break that Low fibo / support 124.13 of course. So, we can start sell after that Low fibo can break by price from top, of course.

[ashaab]

The pair is still trading within the ascending minor channel shown above, while we are still waiting a breach of the channel`s support to activate our morning expectations. In result, our suggested scenario remains valid for the rest of the session today as long as the level of 125.65 remains intact.

http://i46.tinypic.com/ckuhc.gif

Recommendation : Based on the charts and explanations above, our opinion is selling the pair with a breach of 124.45, targeting 123.20 and then 122.25 and stop loss above 125.20 might be appropriate

[Sondag]

Its broke its yesterday's support level at 124.35. Now its hold between 123.90 and 124.35. My strategy for todays movement is, buy at support (123.90) and Sell at resistance (124.35). If this pair could break the support for more than 30 pips, the scenario will be fail.

[vampire]

GBPJPY on also look to be more bearish - I see. Look - now the price near that Low fibo (124.13). I can say this pair to be more bearish if then price truly can break down more that 124.13 (support line) = if that break by price from top = yes, nice sell could be here again, I see.
http://i.imgur.com/UTfzw.gif

[ashaab]

The pair declined sharply affected by the negative factors mentioned earlier today, in attempts to confirm trading again within the descending channel shown above. Our morning expectations remain as they are , noting that stability below 125.20 is necessary for our expectations to prevail.

http://i47.tinypic.com/2cpbayp.gif

Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 124.45, targeting 123.20 and then 122.25 and stop loss above 125.20 might be appropriate

[Sondag]

Its breaking yesterday's support level, but its near or has already around strong support level if we take a look on 4H Chart. Well, I expect some correction might happen for todays movement for minimum, reach 122.25 before its continue its bearish trend.

[vampire]

123.6 fib level (122.34) was break by yesterday's candle - and then, I see the stoch on quite nice bearish probability too, so because of this, yes - I see the more bearish probably here for today movement and Sell Op still be a better choice of course. but, please note : if then price move up more that 123.15 = Cut Loss is a nice decision for our Sell OP. I see
http://i.imgur.com/WGfJb.gif

[ashaab]

The pair is trading positively since the morning in attempts to reach the support level of 122.85. In general, our morning expectations remain as they are as long as the pair is stable below 122.85.

http://i50.tinypic.com/30hrdww.gif

Recommendation : Based on the charts and explanations above, our opinion is selling the pair around 122.85, targeting 121.50 and then 120.25 and stop loss above 123.50 might be appropriate

[simpleforex68]

I would like to analyze in H1 chart of the pair. The price is below the Ichimoku Kumo Cloud and EMA 200. This means that the price is in downtrend. So, I think that the price will be up to the Ichimoku Kumo Cloud and then it will decrease strongly.
http://s13.postimage.org/d3zi22jmv/image.jpghttp://

[aamu]

Gbp /jpy boht he acha or best pair ha muja ya pair boht acha lagta ha or main es pair ko boht zada used karta hoon muja es pair par boht sara borassa hota ha es lya main na kafi profit be earned kar lyaa ha trading sa ap koi be ak dooo pair chose kar loo or us par he trading karo kafi profit earned kar sakta hoo.

[Melsayed]

My Weekly analysis:
The pair has reached to strong level that it fails to close under 119.40 so I see the next week there will be correction that may reach 122.xx level then it will continue down to reach 117.xx as shown in the chart

1252

[BDforex]

Long position is preferable at 121.95 with price targets at 123.45 and 123.90. Other hand if it goes to below at 121.80 then we can expect downward movement with price targets 121.15 and 120.55.

[sobissa]

GBP / Jpy as we ascend Mqoukaan but back down again at the areas of 61.8, but on the whole remain Ndharta the pair to rise above 119.30 the pair as long as the husband vector for the rise

http://hh7.an3m1.com/Sep/an3m1.com_6792feb58d1.png (http://hh7.an3m1.com/)

[sobissa]

GBP / JPY closed last candle on the daily frame are reflex areas and close under the 61.8 Fibonacci and the trend is still bearish daily Frame

http://hh7.an3m1.com/Sep/an3m1.com_78f6b799611.png (http://hh7.an3m1.com/)

[sobissa]

GBP / JPY opened the first day of the week on the gap forming small in the range of 50 points to complete the upward trend until the arrival of the trend downward, and the 38.2 Fibonacci to come back again to land which is now in its direction to close the price gap is expected to arrive for 23 Fibonacci

http://hh7.an3m1.com/Sep/an3m1.com_77ba751cc71.png (http://hh7.an3m1.com/)

[sobissa]

GBP / JPY has become close to the downtrend at the daily frame 28, as well as the Fibonacci and stochastic regions become close to saturation for this decline is likely the pair in the coming days

http://hh7.an3m1.com/Sep/an3m1.com_fa0f660e801.png (http://hh7.an3m1.com/)

[Gutsalo]

A very strong level of 124.20, the pair just as well chuvstvuvala this price in the fall, so I think this is some strategic price you do not want to miss any buyers or seller, I think, while fixing the movement above the top can make a few figures ..

[mansoor]

yes you are right its come down in zig zag form...127.33 traget for long term traders

[sobissa]

As predicted in my last post for the pair GBP / JPY trend that will touch back down and this is what happened stochastic lines are already started on the intersection Frame Daily gives us the possibility of further decline

http://hh7.an3m1.com/Sep/an3m1.com_a14f37b0481.png (http://hh7.an3m1.com/)

[sobissa]

As I said yesterday we will see more downside and this is what happened now to the husband arrived 23 Fibonacci areas is expected to see a further decline by the fact that the downward trend did not break after the intersection on the stochastic began daily Frame

http://hh7.an3m1.com/Sep/an3m1.com_45e83ff92a1.png (http://hh7.an3m1.com/)

[Olig]

GBP / JPY on the hourly chart pair is trading within the lateral canal, the course of yesterday fought off the top of the line, and today it continues to fall, this time a couple goes to the support level of 121.70, but it can break even sell.

[Vamos]

The MACD histogram is close to its signal line, continues to decline slowly, and thus sends a signal to sell. Stochastic Oscillator is oversold and creates an opposite signal, since the% K line rises above the% D.Schitayu that while the steam is not broke sales level of 122.00 early to say now, a couple of smotritsa rebound ...

[sobissa]

GBP / JPY closed candle frame the week as well as the daily candle candle frame reflectivity gives the possibility to return to land again, but this does not prevent the rise to see But as long as the husband could not closing above 38, it is certain Fibonacci we are going back down again

http://hh7.an3m1.com/Sep/an3m1.com_7bb1feae5a1.png (http://hh7.an3m1.com/)

[s.chandna]

as predicted this couple creating a powerful bearish activity right after the information launch last night......and the assistance range has been split by last night shift but becareful i think this couple is getting close to the low and the significant revesal will occur soon.....watchout at 129 - 128 place to get into lengthy next week

[hazem ahmed mohamed]

i think that GBPJPY break the resistance level@123.56 so we have support level @ this level so we should buy now as GBPJPY are predicted to move upward until it reach tp1@50%

[Alfredo]

GBP/JPY

GBP/JPY has as support 123465 and 122127. Last time price was at that level had a good reaction. At this moment the pair is moving down, 124500 is the next level of rsistence, will meet 12500, if it breaks 124500. Price is trading at the moment below yesterday low. Is near a 0.5 fibonacci number.
Today Daily Pivot point for this pair is 124402

[sobissa]

Pair GBP / JPY breaks the downtrend on the frame four hours and is now due to the falling trend test if closed within the downtrend will get back to land, and if not closed below it The rise is the direction you take after the husband

http://hh7.an3m1.com/Sep/an3m1.com_4cfa6517fe1.png (http://hh7.an3m1.com/)

[Olig]

GBP / JPY pair broke through resistance today (which it held the entire previous week) 124.00, but again went below that level, now it seems the course is still aiming again to the north, I think a break above 124.00 I will buy to about 125.40.

[BDforex]

Long position is preferable at 123.60 with price targets 124.55 and 124.75. If the price goes to below 123.55 then we can expect downward movement 123.00 and 122.60 as price targets.

[sobissa]

GBP / JPY pair is expected to climb to frame the four hours the husband finds his way in the trend, which broke through the cloud and the former Como Span, which also play a role of support for the pair

http://hh7.an3m1.com/Sep/an3m1.com_baebeecb331.png (http://hh7.an3m1.com/)

[Pioner3]

GBP / JPY pair is now in fletovom channel after a strong southern trend, the rate today made ​​clear from the upper resistance line and this time directed to the support line 122.30 (lower limit of the channel) while waiting for an entry point to sell.

[Alfredo]

GBP/JPY

At this moment the pair GBP/JPY has been moving down123954 is the next level of rsistence and it will meet 124306 if it breaks. We have 123356 for support and 122455. I expct this level to hold. Last time price was at that level had a good reaction. A 0.5 fibonacci number, is near at the moment price is trading below yesterday low.
Today Daily Pivot point for this pair is 123954

[Sri Hartono]

GBPJPY at 06:58 server time
Wealth is the price of 123.89

buyer and seller are equally inclined to wait a little while buyers dominate the market.
point of concern is the level of 123.77, if the price bounced dilevel This means buyers still control the market but if the price broke through this level means that sellers begin to dominate the market.

[Vamos]

The MACD histogram is still located in the positive zone and a little above its signal line, continues to rise slowly, and thus sends a signal to buy. Stochastic Oscillator is close to overbought and generates the same signal, so that after the breakdown of the top, you can buy 124.50 to 126.30 ..

[sobissa]

GBP / JPY went up to him how much I expected yesterday when a cloud of Como Span, I expect more from getting on the pair

http://hh7.an3m1.com/Sep/an3m1.com_1c704f364b1.png (http://hh7.an3m1.com/)

[alvabra2010]

Currently GBP/JPY is hitting jumping between the range 122 and 124 with is bias being neutral. If the pair manages to break below 122.10, then it could test 118.80. On the upside, if the pair manages to creep above 124.64 then we could see it touching the 127.10 support.

[Vamos]

The MACD histogram is still located in the positive zone and a little above its signal line, continues to rise slowly, and thus sends a signal to pokupku.Ostsillyator Stochastic is overbought and generates a similar signal.Nu here after the breakdown of a couple holding some level of H4 candles 124.50, and now flies away, so expect the price to 126.30 ...

[shariful]

I Gbp / jpy pair is not a use. I always Eur / usd to do. The Gbp / jpy pair to trade there.

[sobissa]

GBP / JPY also felt yesterday, I expect further climb when the husband and is now close to the 50 regions of Fibonacci and the pair is moving steadily upward trend in

http://hh7.an3m1.com/Sep/an3m1.com_718d6810b91.png (http://hh7.an3m1.com/)

[alvabra2010]

The pair remain on a upward trend. A further rise could be expected up to 126.99 and more. On the downside, if the pair manages to break 122.12 then it would attract a bearish outlook and would make the bulls cautious for the next move.

[M Sabry M Elbakrawy]

The pair is still in bullish trend and look at the H1 chart prices are still above the pivot and MA White.
I think prices will test the 125.28 resistance and trying to breakout.

[Alfredo]

GBPJPY This pair is trading at 125. 43/45 (0.34%), the exponential moving average period 5 is at 125.5655 giving the indication of a Buy situation. The exponential moving average period 20 is at 125.5322 telling us that it is a Buy signal. The ADX is indicating that the trend is Neutral. The main pivot point is at 124.67. Price has been trading between High 125.86 Low 124.62.

[gemmy]

GBPJPY has broken a down trend in the past few hours and moved in bullish direction , so resistance level @61.8 may make the trend move downward again in the next few hours , i suggest buying from fibo 50% or near the bullish trend shown in H4 chart ,


1709

[Sri Hartono]

GBPJPY at 08:30 server time
Wealth price 125.43

all the moving average of monthly, weekly, daily pointing up.
average daily visible from consolidation.
sellers were starting bid price at the 124.42 level, if the price is rejected by buyyer the likelihood prices will continue trending up but if the price is approved then the seller will begin to control the price.

[sobissa]

GBP / JPY began to show some weakness of the husband where the husband was unable to break the 50 levels and Fibonacci stochastic regions of saturation exists when my order, which makes us expect a decline for the pair soon

http://hh7.an3m1.com/Sep/an3m1.com_e8072af9f61.png (http://hh7.an3m1.com/)

[Alfredo]

GBPJPY At this moment we have a Buy situation with the exponential moving average period 20 at 125.3714. Also the Average Directional Index period 14 is at 11.8305 indicating that we should be looking for a Neutral decision. Using the classic method of calculation, the daily pivot points for this pair are: Main pivot 125.22, S1 124.58, S2 123.35, S3 127.05 and 125.81, R1 126.45, R2 127.05, R3 127.05.

[sobissa]

GBP / JPY pair closed the week bullish candle is firmly inside the cloud Como Span to Frame to Frame weekly and daily the husband finds it difficult to overcome 50 levels of Fibonacci for this decline could be seen next week

http://hh7.an3m1.com/Sep/an3m1.com_3fd14f74912.png (http://hh7.an3m1.com/)

[maroc89]

weekly


the trading range for this week is among the major support at 121.84 and the major resistance at 127.85
the short-term trend is to the downside as far as 150.00 remain intact targeting 112.00

[Alfredo]

GBPJPY By the time I make this post this pair is around 124. 26/30 (-0.77%) The main pivot point based on classic calculation is 125.3. The other ones are: R1 125.83, R2 126.29, R3 126.82, S1 124.84124.32, S3 123.86.The EMA20 is at 124.6273 indicating that we should look to Sell. The ADX is telling that the trend is Sell. Also the CCI is indicating that we should look to Sell. The MACD indicator is at 0.2122 pointing that we are in a Sell situation.

[M Sabry M Elbakrawy]

The GBP/JPY pair indicates signs of a downward movement later this week.
So its advisable to sell the pair, targeting 119.70

[kapil_chemical_07]

There are many pairs in forex trading business.If you learn the forex business well,you can earn huge amount of money from only one currency pair. It is not the matter which currency you are using.It is a game of intelligence.

[sobissa]

GBP / JPY opened the first trading day fall break with a strong uptrend and this is what I have said before opening the market where I said that it is possible to drop this week because of my father's weakness is showing upward trend

http://hh7.an3m1.com/Sep/an3m1.com_b298b6abbc1.png (http://hh7.an3m1.com/)

[maroc89]

recommendation
remain neutral for now awaiting more confirmations for the next move

Support 123.70 121.85
Resistance 124.45 126.80

[alvabra2010]

GBP/JPY's rebound from 118.82 could still extend further higher to 122.12. The pair seems neutral on intraday bias, but we remain bullish on it. Meanwhile, a break of 122.12 would indicate that the corrective rise is over and could test 120.58 and more.

[njoroge5]

with instaforex,I have a good trading idea of how to use these broker and gbpjpy has shown some streangth today and most of the trades have gone up others have eally been good in understanding the whole trading issue. the best way to understand the two is when you have a good trading supply

[gemmy]

From H4 chart shown , the pair has just broken a bullish trend but i think we still have a support level @50% so i expect this level will make the pair continue upward again till reach the bullish trend again and make retest ,


1794

[Alfredo]

GBPJPY This pair is trading at 123. 96/08 (-0.04%), the exponential moving average period 5 is at 124.0748 giving the indication of a Sell situation. The exponential moving average period 20 is at 124.0153 telling us that it is a Buy signal. The ADX is indicating that the trend is Neutral. The main pivot point is at 125.3. Price has been trading between High 124.14 Low 123.92.

[Sri Hartono]

GBPJPY at 04:28 server time 26 june 2012
price is 124.09

Daily seller visible from less concerned with the market. This is evidenced by the price of playing in the balance between buyer and seller.
point of concern at the level of 124.02 and 124.53

if prices had played under the 124.02 level it daily seller will come back to dominate the market but if the price had to play above the 124.53 level buyers will dominate the market daily.

[sobissa]

GBP / JPY I expect to see more of the landing on the Hama pair after breaking the upward trend as well as closing 38 under the Fibonacci levels I think that selling the pair of levels that exist now, then is a good thing with a stop loss above 38 Fibonacci levels

http://hh7.an3m1.com/Sep/an3m1.com_3734167dec2.png (http://hh7.an3m1.com/)

[alvabra2010]

GBP/JPY's intraday bias also remains neutral at the moment. Its rebound from 118.82 could extend even further. Even on this pair the bearish pressure is building up and could limit the upside. A break of 122.12 would suggest that the corrective rise of the pair is over and could bring in downward momentum towards the 116 region.

[Alfredo]

GBPJPY By the time I make this post this pair is around 123. 99/00 (-0.06%) The main pivot point based on classic calculation is 124.44. The other ones are: R1 125.3, R2 126.54, R3 127.4, S1 123.2122.33, S3 121.1.The EMA20 is at 124.0446 indicating that we should look to Sell. The ADX is telling that the trend is Neutral. Also the CCI is indicating that we should look to Sell. The MACD indicator is at 0.0286 pointing that we are in a Sell situation.

[maroc89]

The trading range for today is among the major support at 121.85 and the major resistance at 125.30.
The short-term trend is to the downside as far as 150.00 remains intact targeting 112.00.

[hazem ahmed mohamed]

we should wait the GBPUSD to retest the support level on the H4 chart we can buy if the GBPUSD doesn't break the support level@124.18 so we can buy this pair with SL @123.66.

[sobissa]

GBP / JPY pair closed yesterday's bullish reversal candle touched the broken trend to come back today to drop pair to frame the four hours exceeded by the cloud Como SPAN down until complete

http://www5.0zz0.com/2012/06/27/09/871826783.png (http://www.0zz0.com)

[alvabra2010]

The intraday bias of the pair has remained neutral so far. Its rebound from 118.82 could extend even further higher to 121 region. Meanwhile, a a penetration of the 121 region would suggest that the rebound is over and the pair has flipped back towards downward momentum targeting 118.82 and more.

[M Sabry M Elbakrawy]

GBPJPY has breaking support 1 at level 123.70 today from that i think this pair will continue go for down trend reaching support 2 at level 123.40.good luck..

[maroc89]

we remain neutral for now awaiting more confirmations for the next move
Support 123.75 123.00 122.60 122.25 121.80
Resistance 124.40 124.75 125.30 125.65 126.30

[sobissa]

GBP / JPY pair continues to trend downward in the vector I expect this week to get to areas 23 Fibonacci

http://www11.0zz0.com/2012/06/28/12/311210914.png (http://www.0zz0.com)

[alvabra2010]

The pair's rebound from 118.81 could extend higher and rally further more. The next target would be 125.82 and more. On the downside, a break of 122.12 would indicate that the corrective rise has come to an end and the pair could test the 117.29 region.

[woody77]

GBP/JPY rebounded strongly and the development suggests that corrective rise from 118.82 is still in progress. Intraday bias is mildly on the upside for 125.82 and above. But after all, we'd expect strong resistance from 127.10 to conclude the corrective rally, on bearish divergence condition in 4 hours MACD. Break of 122..86 minor support will now flip bias back to the downside for retesting 118.82 support next.

[sobissa]

GBP / JPY pair today move strongly with the last trading day of this month, and exceeded 200 points in a move surpassing the Fibonacci levels of 38, but returned to trading under it again wait for the closure of the day, we can determine the future direction

http://www10.0zz0.com/2012/06/29/11/155877677.png (http://www.0zz0.com)

[yogesh]

Standard pivots
GBPJPY
R3 128.037
R2 127.14
R1 126.244
PIVOT 124.568
S1 123.672
S2 121.996
S3 121.1

[darek2302]

from 251.09 is treated as resumption of multi decade down trend. Current development gives no indication of medium term reversal yet and GBP/JPY would likely drop towards 100 psychological level on down trend resumption.

[Gutsalo]

Before a jerk to the north a couple of little subsided, and now approaching its resistance level of 125.70, the MACD histogram starts to grow and has crossed its zero point, so that the breakdown of the level I think the way to 127.70 will be open ....

[cozard007]

It is no doubt that this pair danced to my tune last week friday. Looking forward to this week, I will advice all to check for a retest of 128.00 this week, Let your stop loss be about 123.50, By next week i will pots again.

[gemmy]

on the H4 chart shown , i think we have a false breakout , and i think also if the pair close below the shown bearish trend و and below the resistance level 50% we will have more bearish direction again in the next few hours till reach the bullish trend and test it ,


1989

[sobissa]

GBP / JPY pair finds difficulty in overcoming the resistance levels at 125.39, if the pair closing above these levels, you'll see more of the Ascension

http://www2.0zz0.com/2012/07/03/12/368942607.png (http://www.0zz0.com)

[M Sabry M Elbakrawy]

There are lots of releases from Great Britain in European Session, high volatility is expected, pair is trading higher today and placed 125.45 high, in extension 126 could be the target but 125.77 is strong resistance and pair will be rejected as I am expecting, downward 124.70 is strong support...

[hazem ahmed mohamed]

from the daily chart of GBPJPY we can see that we should sell now as we have a resistance level @50% so i predict that GBPJPY will move downward until it reach our the moving up trend where we can close the sell deal .

[sobissa]

GBP / JPY, as I said yesterday that the husband finds it difficult to exceed the levels of 125.39 the pair returned at these levels to drop even touching the Fibonacci level of 38 to fall back a bit then I expect to continue to fall much more as long as the did not close above the resistance levels

http://www3.0zz0.com/2012/07/04/17/197946983.png (http://www.0zz0.com)

[Marki]

Couple on a 4 hour chart has formed a converging triangle, yesterday the course was able to fend off the top of the line and continues to fall to the south, the southern end of this wave should be expected near the lower boundary of the triangle.

[Gutsalo]

If you look at the daily chart a couple more moves in a bearish trend, and a few days ago, fought off a double vershinki at 125.70 and is now gaining steam in the bottom of the course, a potential target for approximately 119, but since a couple of not so much walking probably will have to wait ..

[Alfredo]

GBPJPY At this moment this pair is trading at Tools, looking at Average Exponential Indicator (ADX) we have a Neutral trend direction. If we look at Commodity Channel Index (CCI) it is at -133.642, giving us the advice that we should look for a Sell Situation. This in conjunction with the the Moving Average Convergence Divergence (MACD) at -0.0062, telling us that we should be in a Neutral trend. This data help us to make a decision on the direction of price for this pair.

[sobissa]

GBP / JPY pair has returned today to rise but I expect that to fall back again because of the large cloud Como Span, which is an obstacle while the husband and the rise of today is the only re-test of the 61 regions of the broken Fibonacci

http://www5.0zz0.com/2012/07/09/17/666345798.png (http://www.0zz0.com)

[erespe]

This pair managed to break the daily pivot (123.33), will likely be down to the 122.63 level. But if the price had climbed above the pivot, then there is the potential to rise to the 123.74 level.

[erespe]

GBPJPY made ​​it through the daily pivot (123.15), but the upward movement will be captured by LWMA100. So I think this pair would turn down towards the 122.77 level, with possible further to as low as 122.33

[hazem ahmed mohamed]

we can see on the H4 chart that we have a moving uptrend so i think thay GBPJPY will move upward on the short term and i suggest buying now with tp1@124.20 .

[sobissa]

GBP / JPY pair rose today, but I expect to go back down again because of the large cloud Span Como facing the pair if closed today under the Fibonacci 61 I expect more downside in the coming days

http://www2.0zz0.com/2012/07/11/17/100083028.png (http://www.0zz0.com)

[sumon24]

yeah , ham ko samondor me vasa kor dubaiga..........I think we are growing:yahoo:

[sunnyctg]

There are several factors that can affect exchange rate of GBP/JPY pair, like interest rate variation between Bank of Japan and Bank of England.this currencies fluctuates more so some people likes to trade with this pair . But please try to go with the news . Find similarity in other currency pairs which can reflect in your trade.

[sobissa]

GBP / JPY closed the week doji candle closed under the Fibonacci levels on the frame 61 daily closed candle last week and there is emerging the pair under the falling trend, as well as facing the cloud Como Span, I most likely pair to further decline

http://www3.0zz0.com/2012/07/15/14/601918321.png (http://www.0zz0.com)

[ashaab]

http://i49.tinypic.com/2ymj6ev.gif

The short term trend of the pair is to the downside. Intraweek trading range of the pair is expected among key support at 121.10 and key resistance at 126.85. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

---------- Post added 07-17-2012 at 01:24 PM ---------- Previous post was 07-16-2012 at 06:52 PM ----------

http://i45.tinypic.com/2aabj8o.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 122.30 and key resistance at 125.80. Based upon my chart analysis, I prefer to buying the pair above 123.15 with targets 124.20 then 125.30 and stoploss with four hour candle closing below 122.30.

[erespe]

GBPJPY is now moving up again. According prediksiku, this pair will rise towards the 124.36 level. But if the price had dropped below the daily pivot (123.46), then chances are this pair will go down to as low as 123.12.

[ashaab]

http://i49.tinypic.com/24bkpjk.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 121.50 and key resistance at 126.30. Based upon my chart analysis, I prefer to buying the pair around 122.90 with targets 124.20 then 125.30 and stoploss with four hour candle closing below 121.80.

[ashaab]

http://i46.tinypic.com/2j2xkbb.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 121.50 and key resistance at 126.30. Based upon my chart analysis, I prefer to buying the pair with four hour candle closing above 123.15 with targets 124.20 then 125.30 and stoploss with four hour candle closing below 121.80.

[hazem ahmed mohamed]

on the daily chart we can see that the support level @123.43 was broken then we have a resistance level@ this level so i suggest selling now with a target point @23.6%.

[erespe]

GBPJPY get into the sideways zone. That would break down if the 123.18 level passed, which would bring this pair fell to 122.58. Conversely, break the level of 123.48, would bring this pair rose to 124.08.

[ashaab]

http://i49.tinypic.com/24me2d3.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 121.50 and key resistance at 126.30. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

[Gutsalo]

The pair GBP / JPY gained the course to the south and stopped at a little bit now support 122.50, I think this is a temporary stop, I think the power of the trend, not yet exhausted the sample and forward movement to the next target 122.00 ....

[Macintosh]

Time is now clear that the 4 hour chart to be in a couple more in the corridor than in the trend, and I think the last few days, Down will support the price of 122.00 and where will be decided the fate of a pair of ...

[sobissa]

GBP / JPY pair closed the week bearish candle closed below support levels expected to continue to fall until 76 Fibonacci levels at 121.30, at least

http://www8.0zz0.com/2012/07/22/13/415723024.png (http://www.0zz0.com)

[relaxedtrading]

i will not buy this pair till i see it under 120.00 because last week was very down wich van lead also to some down levels this week so it is not advised to buy this pair ,we have just to wait till it reaches 120.00 and 119.80 then buy for a target not less than 200 pip as a retracement

[ashaab]

http://i50.tinypic.com/1p8gw8.gif

The short term trend of the pair is to the downside. Intraweek trading range of the pair is expected among key support at 118.75 and key resistance at 124.45. Based upon my chart analysis, I prefer to selling the pair below 122.05 with targets 121.45 then 120.25. and stoploss with daily candle closing below above 122.80.

[marwa]

Since the 1st of June, the pair GBP/JPY was moving into a bullish channelbut last friday, the price got out of this channel from the bottom, giving a sell signal. This sell signal has been reinforced by the breakout of the fibonacci retracement 38.20% at 123.75.

[expert]

in this asia session this pair is falling down and already break support 1 at level 122.00 from that i think bearish trend is on the way and its will lead the price to reach support 2 at level 121.50 but i think correction is expected first before reaching that target..

[ashaab]

http://i45.tinypic.com/vnk1ue.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 119.00 and key resistance at 123.15. Based upon my chart analysis, I prefer to selling the pair below 122.05 with targets 120.90 then 119.60 and stoploss with four hour candle closing aove 122.90.

[expert]

i also think this pair remain falling. But today it will try comeback 121.10 that it was make yesterday. I think that it soon will break this level and fall more deeper. However it impossible do it on today.

[gemmy]

from H4 chart shown , i see the pair couldn't break the support level @0% fibonacci so i think we can start buy near this level with a small stop lose below it as i expect the pair to continue in bullish direction till reach 23.6% and retest ,


3051

[Macintosh]

I guess after breaking 122.00 for the pair to the next marker will be 118.75, while the obstacles to this are not clear a couple of goes his own way down ... even more so today, the pound showed a little slack .. so it can use the vendors and even pin down the top ...

[expert]

Trend on GBPJPY Until now is Down but Weak.
The TCCI Indictor still red but very close to candle price.
Stocholastic also seem close and potentially to falt condition.
Now, when I post this analys, the GBPJPY price move near Intraday R1 118.86.
Until this time, no good sinyal for entry.
GBPJPY will trending up if Intraday High 118.86 can be break again from buttom.
And GBPJPY can be more Down trend if / after Intraday Long 118.62 has been break from top.

[ladyheart]

http://s8.postimage.org/ufsgdxrud/image.jpg

Pattern found at M30...
Aim to go short again.. :)

Only for intraday trade..

[expert]

The GBPJPY on still nice bearish track. For today movement, I see - this pair want to break that 23.6 fib = break from top. So, if that happen (120.58) can be break by price from top = I see = search for Sell OP on more smaller time frame here = better idea

[marwa]

Since the 1st of June, the pair GBP/JPY was moving into a bullish channel but last friday, the price got out of this channel from the bottom, giving a sell signal. This sell signal has been reinforced by the breakout of the fibonacci retracement 38.20% at 123.75.

We expect a take up of the bearish trend on the next days. The support at 121.86 (level 23.60%) should be reached. In h1, a bearish slant comfort this scenario.

[hazem ahmed mohamed]

i think that GBPJPY will move downward on the short term as we have a moving down trend on the daily chart so i suggest buying this pair now with target point @23.6%.

[neajctg01]

GBPJPY
now gbojpy it sell
bid ask spread
122.699 122.714 1.5

[sobissa]

GBP / JPY pair rose strongly today, I expect that the pair continues to climb in the coming days and bring the Fibonacci levels of 61 and the falling trend as less as possible to reach a pair

http://www11.0zz0.com/2012/07/26/17/381269311.png (http://www.0zz0.com)

[ladyheart]

GBPJPY M15 - BULLISH PENNANT

GO LONG AND TARGET IS NEAR PRICE LEVEL : 122.93

http://s18.postimage.org/pbm9dtq0p/image.jpg

[copinedekatia]

the most likely scenario

the pair can move up to test the 1st resistance on 122.00

alternative scenario

the pair can move down to test the 1st support on 121.80

[neajctg01]

gbpjpy
every trader trade very carefully market is up and dwon you see the indicator then you trade in market . now you sell gbpjpy..................

[marwa]

Price look can break up more (on yesterday candle). With this look = of course = the more nice bulls can probably here max. to touch near that 61.8 fib line at 123.51. Search for nice Buy OP is a good idea, I see (for today trade = here).

[sobissa]

GBP / JPY also predicted for the pair in the last reply to me further rise is still the pair is moving upward steadily I expect to see more of the Ascension on the husband but it is better to wait to break the downtrend as well as the Fibonacci levels of 61

http://www14.0zz0.com/2012/07/27/16/456617229.png (http://www.0zz0.com)

[sazzad]

Now GBPJPY pair price in up trend and i think it will hit to the 1.260 in the next month for this reason trader can take long position in their trade.

[expert]

Bulls continuation can probably play again here = if then price can break that strong golden ratio fibo (61.8 at price 123.51). So, if that 61.8 fib can be break by price from bottom = of course = search for nice Buy OP on smaller TF = good idea here, I see.

[sobissa]

GBP / JPY closed week candle Hammer could not get out of the cloud Como SPAN This gives us the possibility of see more of the rise in the coming weeks

[copinedekatia]

the most likely scenario

the pair can move up to test the 1st resistance on 123.70

alternative scenario

the pair can move down to test the 1st support on 123.00

[feri_forex]

waw .. GPB this time trying to repair ... can the large candle will follow ....
candle is still so strong trend for side way ..
but yesterday repar pounsterling indicates the value of its currency will not always fall .....
history of how the story will continue.??
regards profit ..:)

[kimo]

Japanese pair cable is expected that this week in Lecco movements incidental to next Thursday

Points and this is a weekly task of buying and selling of

Sales target of 125.20 points, 120 points stop lose 60 points

Purchase of 122.30 points, the target stop lose 90 points 50 points

Important points of the Australian dollar deal on this week

Thank you

[marwa]

The bulls can be play here for today movement, I see. Look - that on the previous candle clear was formed a nice two bulls candle So, yes, the more probably bulls trend continuation probably here for today move. So, this quite clear - that search for nice Next Buy OP here good idea for trader's.

[ladyheart]

http://s10.postimage.org/55zkjmdu1/image.jpg

GBPJPY M15 - INTRADAY SIGNAL

TRADE BETWEEN THE SPACE IN THE TRIANGLE.
ONCE BREAKOUT, TRADE IN THE DIRECTION OF THE BREAKOUT.
CAREFUL FOR A FAKE BREAKOUT.

WAIT FOR CS CONFIRMATION.

[copinedekatia]

the most likely scenario

the pair can move up to test the 1st resistance on 123.10

alternative scenario

the pair can move down to test the 1st support on 122.50

[neajctg01]

GBPJPY
two hours ago market was buy. in the time you buy your gbpjpy .............
bid ask spread
122.68 122.75 07

[d3d3]

Proceeding from today's H4 chart, the pair is trading between Support level 122.70 and Resistance level 123.20. Presently the pair is testing the Support level 122.70 and trying to break it through to continue its bearish move. Given that the pair manages to break this Support level and closes 4H below, we will receive a strong indicator for more bearish signals which enable the Support level 122.00 as a level target. Then we should wait for breaking this Support level to continue the downward move and open the way towards the Support level 121.55.
On the other hand, if the pair fails to break the Support level 122.70 and bounces from it, the pair may reverse its bearish move taking an upward move enabling the Resistance level 123.20. Then we should wait for breaking this Resistance level to provide new bullish signals. In case the pair is able to break the Resistance level and close 4H above, we will get a bullish strength providing new buy signals enabling the Resistance level 123.50 as a level target. Based on the given H4 chart, the technical indicators provide sell signals, but as long as the Support level 122.70 is unbroken, the upward move is still expected invalidating the bearish outlook.


Resistance and Support Levels

R3(124.25)
R2(123.50)
R1(123.20)

S1(122.70)
S2(122.00)
S3(121.55)


Trading Recommendations

According to previous analysis, we recommend selling after breaking the Support level 122.70 and closing 4H below with TP 122.10; SL closing 4 hours above the Support level will be appropriate.

Published: 2012-07-31 09:20:23 UTC+00 2 hours, 21 min. ago

[expert]

Bulls still look here (GBPJPY). although with weak move because price on yesterday can not break up more that Golden Fibo Ratio (61.8 = 123.69). On my simple look this pair can become more bulls if then price truly can break up to that more 61.8 fib line = break from bottom, of course. If that happen = search for Buy = better, I see.

[misqeq]

With 4 hours MACD crossed below signal line, intraday bias in GBP/JPY is turned neutral for the moment. At this point, we're favoring the case that choppy pull back from 125.82 is finished at 120.82 already. And, rebound from 118.82 is resuming. Above 123.79 minor resistance will affirm this case and should send GBP/JPY through 125.82 high. However, break of 122.45 minor support will dampen this bullish view and turn focus back to 120.82 support instead.

In the bigger picture, there was so far no impulsive upside move after GBP/JPY formed a medium term bottom at 116.83. On the other hand, there was no sustainable selling neither. The development argues that even though there is no clear sign of trend reversal in GBP/JPY, it's more likely engaging in sideway consolidations, which corrects fall from 163.05. That is, we'd probably see more range trading between 116.83 and 140.02 (50% retracement of 163.05 to 116.83 at 139.94) ahead, before an eventual downside breakout.

[hmkowsar]

the sopport line has been brokes by yesterday move but becareful i think this pair is nearing the low and the major revesal will happen soon

[misqeq]

Elliott: flat correction up 123.58
It looks more likely that it would rise to 123.47 - 124.12 from 122.66 or 122.34. After which a downside move is expected.
Warning: Harami
Technical points
Key point 123.1000
Entry point 123.0800
Elliott 120.8300
Closing 122.8200
Projection 123.8000
Trendline 123.3100
Trendline 123.3400
Supports / Resistances
Res 2 124.1200
Ex-High 123.6400
Res 1 123.4700
Pivot 122.9900
Sup 1 122.3400
Ex-Low 122.5000
Sup 2 121.8600

[copinedekatia]

the most likely scenario

the pair can move up to test the 1st resistance on 123.00

alternative scenario

the pair can move down to test the 1st support on 122.50

[d3d3]

BID PRICE 122.37 NA
SIMPLE MA 5 122.44 SELL
SIMPLE MA 10 122.42 SELL
SIMPLE MA 20 122.58 SELL
SIMPLE MA 50 122.79 SELL
SIMPLE MA 100 122.52 SELL
EXPONENTIAL MA 5 122.42 SELL
EXPONENTIAL MA 10 122.46 SELL
EXPONENTIAL MA 20 122.54 SELL
EXPONENTIAL MA 50 122.64 SELL
EXPONENTIAL MA 100 122.54 SELL
RSI 14 36.06 NEUTRAL
STOCHASTIC 5,3,3 27.12 OVERSOLD
PARABOLIC SAR 0.02/0.2 122.49 SELL
MACD 12,26,9 -0.11 SELL
WILLIAM %R 14 -74.19 SELL

Support & Resistance
R3 R2 R1 P S1 S2 S3
123.71 123.37 122.9 122.56 122.09 121.75 121.28

GBPJPY STRONG SELL
Last Update : 2012-08-01 06:00:06

---------- Post added at 06:37 PM ---------- Previous post was at 06:41 AM ----------

GBP/JPY Elliott Wave
Since our last analysis the GBP/JPY pair was trading in a downward move developing last corrective wave C (coloured blue) of the bigger (2) wave (coloured green). From early European till the second half of the New York session this exotic pair was trading in a descending movement towards the 122.15 level. Today the GBP/JPY pair tried to push higher but after testing resistance level around 122.60, the price fell back to the 122.00 level and we can consider this move as the end of the (2) wave. At the moment this exotic currency finished developing of the C wave (coloured blue) and we can expect to see price higher for the next few days. In accordance with our wave rules and taking into account that the wave 3 retraces 161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (120.81-123.70-121.95) with Take Profit 1 at 124.95 (100% of wave 1) and Take Profit 2 at 126.77 (161.8% of wave 1). Invalidation point at 120.81 can be used as Stop Loss.
Support and Resistance
(S3) 121.75 (S2) 122.06 (S1) 122.25 (PP) 122.57 (R1) 122.88 (R2) 123.07 (R3) 123.39
Trading Forecast
Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 122.65 with Stop Loss 120.81, Take Profit 1 124.95 and Take Profit 2 126.77 are recommended.

Published: 2012-08-01 10:03:11 UTC+00 1 hour, 29 min. ago

[misqeq]

Despite breaking 122.45 minor support, there is no follow through selling in GBP/JPY. Nonetheless, near term outlook is turned a bit mixed for the moment. On the upside, break of 123.77/79 resistance will affirm the case that pull back from 125.82 is finished and rebound from 118.82 is resuming. However, break of 120.82 will extend the fall from 125.82 to retest 118.82 low.

In the bigger picture, there was so far no impulsive upside move after GBP/JPY formed a medium term bottom at 116.83. On the other hand, there was no sustainable selling neither. The development argues that even though there is no clear sign of trend reversal in GBP/JPY, it's more likely engaging in sideway consolidations, which corrects fall from 163.05. That is, we'd probably see more range trading between 116.83 and 140.02 (50% retracement of 163.05 to 116.83 at 139.94) ahead, before an eventual downside breakout.

[dollar]

This pair has reached baseline resistance thought the trend is bearish minimum area of targets stands at 120.65 while pivot support 1 a=stands at 120.74 rumours are that bank of japan could intervene so any intervention will give direction to the market

[ladyheart]

Intraday trading signal.

Gbpjpy, timeframe m30..
Price is expected to test the nearest resistance level at 123.02.
Wait for the confirmation from cs pattern to either go long above this resistance level or bounce to short if price fails to go beyond 123.02

[Melsayed]

the pair is going in a down channel so the price in the previous week closed in the top of channel so normally the price must go down now at least today and then we will see if it will break the channel or it will continue down

see the chart

3455

[dollar]

GBPJPY has been rejected by the resistance level at 122.94. I think GBPJPY may fall to the support level at 122.00
But if GBPJPY can break 122.94 resistance and also the last Friday's high at 122.99, GBPJPY may go up to the next resistance level at 123.82

[ashaab]

http://i46.tinypic.com/29c010x.gif

The short term trend of the pair is to the downside. Intraweek trading range of the pair is expected among key support at 119.55 and key resistance at 125.30. Based upon my chart analysis, I prefer to buying the pair above 122.35 with targets 123.20, 124.25 then 124.65 and stoploss with four hour candle closing below 121.20.

[dollar]

GBPJPY is moving around the support level at 122.00 now.
Then, if GBPJPY can break the yesterday's low at 121.67, this pair may continue falling today and has a potential to touch the lower support level at around 120.89

[Jobs]

Well on the daily chart continues to reduce the vapor, although there is a pronounced trend but still can be seen that a couple of more rousing down ... so it seems to continue to steer a course to the mark 119 ...

[ashaab]

http://i45.tinypic.com/30jqmux.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 119.00 and key resistance at 124.25. Based upon my chart analysis, I prefer to buying the pair above 121.55 with targets 122.35, 122.70 then 123.20 and stoploss with four hour candle closing below 121.20.

[dollar]

GBPJPY has been rejected by the resistance level at 122.94. I think GBPJPY may fall to the support level at 122.00
But if GBPJPY can break the yesterday's high at 123.19, this pair may continue going up to the next resistance level at 123.82

[ladyheart]

INTRADAY TRADING SIGNAL

GBPJPY M15 -

The price has now broke above the upper trendline of the falling wedges pattern.
Price is now expected to be headed to 122.79.. :)

Whatever it is.. always remember to keep all the +ve profits and take what the market gives you.
You do not have to wait for the price to hit the expected target level.. :)

[ashaab]

http://i46.tinypic.com/242y592.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 119.00 and key resistance at 124.25. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

[devloppman]

Support & Resistance 08/08/2012

Sup 1 : 123,39
Sup 2 : 124,05
Sup 3 : 124,87

PIVOT : 122,57

Res 1 : 121,92
Res 2 : 121,92
Res 3 : 120,45[COLOR="Silver"]

[chowdhury2727]

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[Melsayed]

i see the price is in between of two trends up and down for me i think it is better not to trade until we see the price out from this area if it break the up trend go for sell and if break the down trend go for buy

see chart

3662

[dollar]

GBPJPY had touched the resistance level at 122.94 yesterday. I think GBPJPY may try to test that resistance again today.
Then, if GBPJPY can break 122.94 resistance level and also break 123.19, this pair may goes up to the next resistance level at 123.82

[alskndry]

in this asia session this pair show that bullish trend still standing due this pair is try to break yesterday high at level 123.05,and it might bring price goes to level 123.40 if can break that level (123.05) today, good luck...

[gemmy]

H4 chart shown demonstrate that we have a strong resistance level @124.00 , also we have bearish trend near this level so i think we can wait a few pips and start selling near this trend with a small stop lose above it ,


3729

[Jobs]

Last week the pair GBP / JPY rose above 124.00 which was resistance for 1.5 months, to be honest greater growth prospects here are not visible but intact 125.70 resistance is quite possible ....

[Jobs]

Last week the pair GBP / JPY rose above 124.00 which was resistance for 1.5 months, to be honest greater growth prospects here are not visible but intact 125.70 resistance is quite possible ....!!!

[harunrana]

There are 2 Trendlines in Descending channel, first one that was broken a few days back, and I believe the second one,
that is more parallel to the Lower descending trendline and might be important in next days. Price only went North till the first one.
Accidently in the proximity was one of the 4 very important EMAs for this pair, The 20 EMA.

[simpleforex68]

Oh yeah, the price is at the EMA 200 in daily chart and a strong horizontal resistance level 124.80. This will be a great chance to get more than 200 pips with a short order for this pair.
http://s18.postimage.org/lh7ropxpl/image.png

[Opplus]

With 4 hours MACD crossed below signal line, intraday bias in GBP/JPY is turned neutral for some consolidations first. Though, another rally is expected as long as 123.30 minor support holds. Above 125.00 temporary top will target 125.82 resistance first. Break will confirm resumption of rebound from 118.82 and should target 100% projection of 118.82 to 125.82 from 120.82 at 127.82 next. On the downside, though, below 123.30 minor support will mix up the near term outlook again.

[Rozumovski]

Pair GBP / JPY on the hourly chart on the histogram MACD divergence formed, but I think you should sell the pair is just starting to gain momentum in growth after the break of 124.90 resistance ... so that probably will continue to grow ...

[hazem ahmed mohamed]

i think that we should wait until GBPJPY reach the support level on the daily chart @38.2% then we can buy this pair after that as i predict that it will move upward after reaching the support level our target point will be @50%.

[Opplus]

GBP/JPY remains on the upside for 125.82 resistance. Break will confirm resumption of whole rebound from 118.82 and should target 100% projection of 118.82 to 125.82 from 120.82 at 127.82. On the downside, below 124.58 minor support will turn bias neutral and bring consolidations first.

[alley]

GBP/JPY Daily Outlook

Daily Pivots: (S1) 124.67; (P) 125.09; (R1) 125.55

Intraday bias in GBP/JPY remains on the upside for 125.82 resistance. Break will confirm resumption of whole rebound from 118.82 and should target 100% projection of 118.82 to 125.82 from 120.82 at 127.82. On the downside, below 124.58 minor support will turn bias neutral and bring consolidations first.

In the bigger picture, at this point, we'd like to maintain that price actions from 116.83 are corrective in nature so far. Rise from 118.82 could be the third leg of the pattern from 116.83 and might target 113.48 and above. But this is far from being certain. After all, the likely scenario is that we'll see more range trading between 116.83 and 140.02 (50% retracement of 163.05 to 116.83 at 139.94) ahead, before an eventual downside breakout. We'll favor this view as long as 140.02 resistance holds.

[Opplus]

The break of 124.58 minor support indicates that a temporary top is in place at 125.51. While the fall to 124.16 was steep, GBP/JPY quickly drew support from 4 hours 55 EMA and recovered. The development indicates that the cross might merely be in consolidation only. Hence, intraday bias is turned neutral first. As long as 123.26 minor support holds, rise from 120.82 is still in favor to continue. Break of 125.82 resistance will confirm resumption of whole rebound from 118.82 and should target 100% projection of 118.82 to 125.82 from 120.82 at 127.82. Though, break of 123.26 will invalidate the bullish view and turn focus back to 120.82 instead.

[laptopw]

GBPJPY had touched the resistance level at 122.94 yesterday. I think GBPJPY may try to test that resistance again today.
Then, if GBPJPY can break 122.94 resistance level and also break 123.19, this pair may goes up to the next resistance level at 123.82

[lamington]

GBPJPY has been rejected by the resistance level at 122.94. I think GBPJPY may fall to the support level at 122.00
But if GBPJPY can break 122.94 resistance and also the last Friday's high at 122.99, GBPJPY may go up to the next resistance level at 123.82

[chandmoon]

GBPJPY had tested the support level at 120.90 for three times. I think GBPJPY will try to test this support again today.
Then, if GBPJPY can break 120.90 support level, this pair may continue the down trend and touch the next support level at 119.91

[Opplus]

GBP/JPY remains neutral for the moment. Another rise is in favor as long as 123.26 minor support holds. Break of 125.82 resistance will confirm resumption of whole rebound from 118.82 and should target 100% projection of 118.82 to 125.82 from 120.82 at 127.82. Though, break of 123.26 will invalidate the bullish view and turn focus back to 120.82 instead.

[Opplus]

GBP/JPY remains neutral and some more consolidations could be seen below 125.51 temporary top. But as long as 123.26 minor support holds, further rally is still in favor. Decisive break of 125.51/82 resistance zone will confirm resumption of whole rebound from 118.82 and should target 100% projection of 118.82 to 125.82 from 120.82 at 127.82 next. However, note that break of 123.26 will dampen our bullish view and turn focus back to 120.82 support instead.

[devloppman]

Support & Resistance 27/08/2012

Sup 1 : 124,72
Sup 2 : 125,10
Sup 3 : 125,41

PIVOT : 124,40

Res 1 : 124,02
Res 2 : 124,02
Res 3 : 123,33

[esif]

Today in Asian session we see the dominance of JPY.Its so strong against most of the pair.GBP/JPY fall over 75 pips.Its go down from 124.40 to 123.65.The pivot line is 124.39.
The support is in 124.17, 123.96, 123.74
The resistance at 124.60
you are right jpy was stronger today, and i am expecting that the pair can climb 124.33 max, and then it will go for its 61.8 Fibonacci level on 4 hours timeframe, which is 123.15, so i will vote a down trend for the pair.

[Opplus]

GBP/JPY's pull back from 125.51 extends lower today and deeper fall could be seen. But after all, as long as 123.26 minor support holds, further rally is still in favor. Above 124.63 minor resistance will flip bias back to the upside. Decisive break of 125.51/82 resistance zone will confirm resumption of whole rebound from 118.82 and should target 100% projection of 118.82 to 125.82 from 120.82 at 127.82 next. However, note that break of 123.26 will dampen our bullish view and turn focus back to 120.82 support instead.

[devloppman]

Support & Resistance 28/08/2012

Sup 1 : 124,56
Sup 2 : 124,79
Sup 3 : 124,98

PIVOT : 124,38

Res 1 : 124,15
Res 2 : 124,15
Res 3 : 123,73

[ashaab]

http://i50.tinypic.com/2506ozp.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 122.60 and key resistance at 125.50. Based upon my chart analysis, I prefer to buying the pair above 123.75 with targets 124.50 then 125.80 and stoploss with four hour candle closing below 122.60.

[amr amer]

we can sell at 125.20 and 126.00 our stop will be a daily close above 126.20 our target will 123.20

[hazem ahmed mohamed]

i think that we should sell GBPJPY now as we have a resistance level on the daily chart @38.2% so i predict that this pair will move downward on the short term our target point will be@23.6%.

[zachaeus]

Then pair is trading very strongly at moment with bullish sentiment, both 1 hour and four trends are bullish but it has touched pivot point an area which also coincided with trendline resistance and so is showing some pullback, hope to see further continuation to at least 124.52 or even pivot resistance 2 at 124.75

[Opplus]

GBP/JPY's pull back from 125.51 could still extend lower. But note again that as long as 123.26 minor support holds, further rally is still in favor. Above 124.63 minor resistance will flip bias back to the upside. Decisive break of 125.51/82 resistance zone will confirm resumption of whole rebound from 118.82 and should target 100% projection of 118.82 to 125.82 from 120.82 at 127.82 next. However, note that break of 123.26 will dampen our bullish view and turn focus back to 120.82 support instead.

[devloppman]

Support & Resistance 29/08/2012

Sup 1 : 124,46
Sup 2 : 124,77
Sup 3 : 125,17

PIVOT : 124,06

Res 1 : 123,75
Res 2 : 123,75
Res 3 : 123,05

[ashaab]

http://i49.tinypic.com/24w7e5s.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 122.60 and key resistance at 125.50. Based upon my chart analysis, I prefer to buying the pair around 124.05 with targets 124.50, 125.00 then 125.80 and stoploss with four hour candle closing below 123.20.

[Opplus]

The break of 124.63 minor resistance argues that retreat from 125.51 might be over at 123.69. Intraday bias is back on the upside in GBP/JPY. Decisive break of 125.51/82 resistance zone will confirm resumption of whole rebound from 118.82 and should target 100% projection of 118.82 to 125.82 from 120.82 at 127.82 next. While another retreat cannot be ruled out, we'll stay bullish as long as 123.26 support holds and extend an upside breakout ahead.

[devloppman]

Support & Resistance 30/08/2012

Sup 1 : 124,85
Sup 2 : 125,14
Sup 3 : 125,55

PIVOT : 124,44

Res 1 : 124,16
Res 2 : 124,16
Res 3 : 123,46

[ashaab]

http://i50.tinypic.com/2my2r5x.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 122.60 and key resistance at 125.50. Based upon my chart analysis, I prefer to buying the pair around 124.05 with targets 124.50, 125.00 then 125.80 and stoploss with four hour candle closing below 123.20.

[devloppman]

Support & Resistance 31/08/2012

Sup 1 : 124,61
Sup 2 : 125,14
Sup 3 : 125,50

PIVOT : 124,25

Res 1 : 123,72
Res 2 : 123,72
Res 3 : 122,82

[fxmylife]

GBP / JPY on the frame of four hours, we find that the pair was trading above 38 fib levels inside the cloud Como Span if he can penetrate the cloud and candle today close above the 38 fib it is sure to see more of the Ascension

[gemmy]

H4 chart demonstrates that the price has tested the shown bullish trend and the price is rejected in bullish direction , so i expect the price could continue also in upward direction in the next few hours and till reach the upper side of the shown rectangle where there a great chance to start selling near to this level ,


4212

[Nahrawy_Forex]

http://www.pictureshack.us/thumbs/50890_GBPJPY.JPG (http://www.pictureshack.us/view_50890_GBPJPY.JPG)

GBPJPY 1H Time Frame

Price now broke three channels and rise up ! , so we should now take buy orders only , target's about 30 pips

[fxmylife]

GBP / JPY on the daily frame, we find that the pair closed yesterday a strong bullish candle and the pair continued today in the rise of even touching 50 fib levels are at 125.99 to come back strong from her awaiting closed candle week to determine the direction of the pair for the next week

[hazem ahmed mohamed]

i think that we should wait until GBPJPY reach the support level on the daily chart @38.2@ then we can buy this pair after that as i predict that it will move upward after reaching the support level .

[Opplus]

Intraday bias in GBP/JPY remains neutral and some more consolidations could be seen. But downside should be contained above 123.69 minor support and bring another rise. Prior break of 125.82 resistance confirmed resumption of whole rebound from 118.82. Above 126.19 will target 100% projection of 118.82 to 125.82 from 120.82 at 127.82 next.

[Jobs]

Well finally overcame the pair 125.50 resistance level that held for more than three months ... a candle on top of a very strong so it is likely to continue growing .. especially not see an increase of close resistance ... so I think it tries to open the way for targets 131 ...

[Macintosh]

And a couple of really showed a very strong push on Friday, breaking with the very important level soprotivleniya.no still waiting for the opening week with gepom down or roll down, I think should happen some reloading for moving ..*

[hazem ahmed mohamed]

we have a good chance to sell GBPJPY now as we have a moving down trend on the daily chart so i predict that this pair will move downward on the short term our target point will be@50% level.

[mhwaheed]

Live Chart Check Kren GBP or JPY ka

http://3.bp.blogspot.com/-Rs6k9SleHCM/UFZlKKBCPrI/AAAAAAAAAUI/fbM_G5Ojcqc/s640/gbpjpy.gif

[VANDA_S]

http://i49.tinypic.com/r9qxqs.png

Price is below 12 EMA and above 72 EMA indicates trend is still up
50 RSI is above 50 indicates the momentum of the trend is still up
Recommendation: buy if price is still above 12 EMA area
Range:128.50-127.03

[shiva]

Pivot: 127.3

Our preference: Long @ 127.45 with targets @ 128.85 & 129.4 in extension.

Alternative scenario: Below 127.3 look for further downside with 126.75 & 126.15 as targets.
http://cache.mail.yandex.net/mail/4aed9332d8d23d043808a8f7b25c6f88/www.tradingcentral.com/chart/GBPJPY20129197549.GIF

[alskndry]

If we look on H4 time frame, we can see that GBPJPY has formed a double top chart pattern although it's not perfect pattern. So, GBPJPY may falls today to the support level at 126.60. But if GBPJPY can rise and break 128.19 high level, I think GBPJPY will go up to the resistance level at 128.89

[alskndry]

If we look on the daily time frame, we can see that the yesterday candle is an outside bearish candle. It shows that the seller start dominating market now. I think GBPJPY has an opportunity to fall today to the support level at 126.60 or maybe lower

[VANDA_S]

http://sadpanda.us/images/1214408-LGCJTES.png
On the H1 chart, the price is under the EMA 12 and EMA 72 indicates the trend is down
RSI 50 is below 50 indicates momentum area trend is down
Recommendation: sell
range :127.23-126 .21

[new-FX]

http://img338.imageshack.us/img338/6250/imagewu.gif


Oscillates GBP /Jpy around levels 126.85 - 126.20

Stochastic gives a negative signal and SMA 55 higher price and continue pressing it

This means the continuation of the downward trend in the short term and the price could reach levels 125.30

[alskndry]

on GBPJPY, the previous candle on daily time frame is a pin bar candle, So in my opinion GBPJPY may goes up today to the resistance level at 127.79 or maybe higher. But the reversal and bullish scenario will fail if GBPJPY can break the yesterday's low at 126.17

[VANDA_S]

http://i46.tinypic.com/b6vyc3.png
At the H4 chart, price is above the EMA 12 and EMA 72 indicates the trend is still up
RSI 50 drift over area 50 indicates the trend is still up
Recommendation: buy
:127.79 Range-126 .54

[hazem ahmed mohamed]

we have a resistance level on the daily chart @50% so i predict that this pair will move upward so i suggest buying this pair now our target point will be@61.8%.

[nouran]

The pair has strong support at the level of 126.35, if the pair success in breaking this level it will continue its
down movement to targeting the level of 126 and 125.60.

---------- Post added at 07:53 PM ---------- Previous post was at 07:52 PM ----------

The pair has strong support at the level of 126.35, if the pair success in breaking this level it will continue its
down movement to targeting the level of 126 and 125.60.

[yogesh]

Standard pivots GBPJPY
R3 128.431
R2 127.910
R1 127.388
PIVOT 127.068
S1 126.546
S2 126.226
S3 125.704
Recommendation: buy at or above 127.068 targeting 127.39 and 128.91

[dollar]

the previous candle on daily time frame is a pin bar candle, So in my opinion GBPJPY may goes up today to the resistance level at 127.79 or maybe higher. But the reversal and bullish scenario will fail if GBPJPY can break 126.17. resistance has been breached 127.03 for the highest purchase target at 127.26 resistance If closing below 126.55 support to the bottom of the sale and the target at the 126.32 support

[VANDA_S]

http://i49.tinypic.com/vrdj82.png
On the H1 chart, the price is below EMA 12 and EMA 72 indicates the trend is still down
RSI 50 is below 50 indicates the trend is still down
Recommendation: sell
Range :127.38 -125 .92

[alskndry]

If we look on H4 time frame, we can see that the current candle has formed a pin bar candle and there is also a double bottom pattern although that's not too perfect. If in the next 30 minutes this condition still like this, I think GBPJPY will goes up and has a chance to touch the resistance level at 127.79

[Fxsniper]

SELL Limit GBPJPY
126.80 SL 50PIPS TP 450-650

[Fxsniper]

Sell 126.38 point
Take Prodit--60 pips
long term trade must be....
Stop loss set 40 pips....

[dollar]

I think GBPJPY is making a correction now and may reaches the 126.60 resistance level. If GBPJPY rejected by that resistance, GBPJPY may continue the down trend today and the target is at around 125.60 as the nearest support of GBPJPY. But if GBPJPY can break 126.60 resistance, this pair may goes up to the next resistance level at 127.42

[winstead]

After yesterday broke through the bottom level of demand zone, transition signals a bearish trend still continues despite the price opens above the daily pivot. If the selling pressure to penetrate the surrounding areas: 126.00, major demand level may be the next target.

[VANDA_S]

http://s17.postimage.org/45wlds34f/image.png (http://postimage.org/)
photo upload (http://postimage.org/)
On the H1 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
50 RSI is below 50 indicates area trend is still down
Recommendation: sell
TP: 124.95

[alskndry]

GBPJPY is moving near the 125.60 support level now. I think it will be better if we wait GBPJPY to touch that support level and see the price action there. If GBPJPY can break that support, this pair may falls to the next support level at 124.71 today. But if fail to break, GBPJPY may rebound there and rise again to the resistance level at 126.60

[shiva]

Pivot: 126.2

Our preference: Short @ 126.05 with targets @ 125.4 & 124.9 in extension.

Alternative scenario: Above 126.2 look for further upside with 126.8 & 127.15 as targets.
http://cache.mail.yandex.net/mail/5a0d7c3c857265ba198ff398588b68ce/www.tradingcentral.com/chart/GBPJPY20129267654.GIF

[winstead]

GBPJPY still not showing the possibility of strengthening, the rumors of central bank intervention japan will likely still need to find the ideal position .. however, my assumption would GBPJPY dropped a few pips down may range 100-200 will be uptrend again

[new-FX]

http://img96.imageshack.us/img96/1767/imageld.gif

Fell pair GBP / JPY today's slight drop and touching levels of support at 125.20 and could not penetrate

Price still oscillates around the levels of 125.40 and there is no specific direction as SMA 55 presses from the top while giving stochastic positive signals

Do not buy or sell except the breach of 125.10 and landing or broken 126.10 and rise

[hazem ahmed mohamed]

as we have a resistance level on the daily chart @50% so i predict that GBPJPY will move downward on the short term and i suggest selling this pair now with a target point @38.2%.

[shanmun]

lekin idar H1 chart me hammer form hua ta ise liye 50-60 pips upar ja sakta hai, ise hamer dina ka ya 4 ganta ka chart me mila to jada pips kama sakta hai.