Gbp/Jpy

GBPJPY began to rise slowly, though limited, due to the obstacles get 128.35 resistance area, if the pair is able to pass through this resistance area the price will go to the next resistance at 128.97.

The trading range for today is among the key support at 126.15 and the key resistance at 129.05

The short term trend is to the downside target at 112.00 intact 150.00

yesterday price is moving up side but not able to cross last open price 128.72 so i think this pair is ready to move down side and able to make more down movement we can short this pair and take profit is near to 127.49 stop loss is 128.88

Gbp/jpy technical analysis for 07.11.2012 by using : Auto pivot indicator.

resistance 3:129.79
resistance 2:129.27
resistance 1:128.90

pivot point :128.38

support 1:128.02
support 2:127.50
support 3:127.13

After fell down to monthly pivot level (127.62), price shown go back up strong. This is a special momment for GBP/JPY. If it is able to keep this movement, it will rise strong until back to opening level in asian market session now. Level 128.44 will be next barrier level for price to rise.

Elliott: flat correction up 129.36
It should test 129.03 area after which a sell off down to 128.02 or extended to 127.51 area is expected.
Technical points
Key point 128.7800
Entry point 128.3200
Elliott 127.8600
Closing 128.5400
Projection 128.9400
Trendline 128.5500
Trendline 128.3800
Supports / Resistances
Res 2 129.2500
Ex-High 128.7300
Res 1 128.8900
Pivot 128.3800
Sup 1 128.0200
Ex-Low 127.8600
Sup 2 127.5100
Channels & Oscillator

Gbp/jpy bohat acha trading pair hay magar is ko samajna thora sa mushkil hay agar ap is ko samaj lay to phir ap easily profit earn ker saktay ho or ap ko koi masla nahi ho ga trading mein profit earn kernay kay liye.

http://img577.imageshack.us/img577/719/images.gif

Price came back positive narrow trading so far without achieving higher levels of 129.60.

Still expected Sari achievement levels around 131.80 but we are waiting for a strong wave help the pair to achieve his goals.

Stochastic is showing the strength of the bullish trend after he had reached the stage of saturation sale

as awaited this duet making a rugged bearish movement opportune after the interest termination yesterday......and the support pedigree has been bust by yesterday act but becareful i cogitate this twosome is nearing the low and the solon reversal give happen presently.....watch out at 129 - 128 extent to commence longstanding close hebdomad

After being dropped in the beginning of the session, GBPJPY rebound from 127.66 support area and now are bullish towards 128.63 Resistance area.