Gbp/Jpy

Today’s technical analysis

Resistance 3- 130.50
Resistance 2- 129.88
Resistance 1- 129.48

Pivot point- 128.87

Support 1- 128.47
Support 2- 127.85
Support 3- 127.45

gbp/jpy technical analysis by using : average directional movement index

adx : 27.8886
+di : 21.8321
-di : 15.4311
timeframe : 1 hour

time : 0400
date : 19-11-2012

Gbp/jpy technical analysis for 19.11.2012 by using : Auto pivot indicator.

resistance 3:130.58
resistance 2:129.94
resistance 1:129.55

pivot point :128.90

support 1:128.52
support 2:127.87
support 3:127.48

GBPJPY analysis:
ADX: Buy
RSI: Buy
MA: Buy
Stoch: Sell

Buy is still exist, the pair may goes up towards 129.85, but be aware of reversal.

After a great bullish movement on the last week, I think GBPJPY is trying to reach the resistance level at 129.69 now. Then, if GBPJPY can break that resistance, GBPJPY may continue the bullish movement to the next resistance level at 130.53.

the price candle look pullback down from that 123.6 fibo at 129.73 so, just be aware with bearish correction if then buyer still can not break up to more that 123.6 fibo 129.73. So, search for sell and SL max. at above 123.6 fibo 129.73

http://img600.imageshack.us/img600/351/imagermd.gif

Rate stabilized pair trades on Friday about the level of 129.20, trying to penetrate this level to see a bullish trend that down to 130.70.

129.60 a resistance level against price may constitute an obstacle to the pair that you should be aware that the bullish trend continues but correction may occur in the event of failure of price broke the mentioned level.

Stochastic settle in buying saturation which supports a bullish tendency yet.

Today’s technical analysis ( daily time frame-20-11-12)

Resistance 3- 130.64
Resistance 2- 130.18
Resistance 1- 129.84

Pivot point- 129.38

Support 1- 129.04
Support 2- 128.58
Support 3- 128.24

Price is trying t move down side if support level 128.90 is breaked we can short it with 128.58 take profit and stop loss is 129.38

gbp/jpy technical analysis by using : average directional movement index

adx : 14.4685
+di : 14.5710
-di : 16.9124
timeframe : 1 hour

time : 0400
date : 20-11-2012

Gbp/jpy technical analysis for 20.11.2012 by using : Auto pivot indicator.

resistance 3:130.67
resistance 2:130.20
resistance 1:129.86

pivot point :129.39

support 1:129.05
support 2:128.59
support 3:128.24