Gbp/Jpy

Spoiler:

http://sadpanda.us/images/1353206-OGA4FDG.png

On the hourly chart, the price is below the 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
50 RSI cross the line below area 50 ,indicates the trend is still down
Recommendation: SELL
Take profit: 138.03
SL:142.61

http://i49.tinypic.com/295al4m.gif

The pair is trading in sideways but still trading below the Linear Regression Indicator. The stochastic reaches in overbought indicator and Linear regression indicator also shows bearish cross which indicates that the pair should maintain its bearish movement. According to my chart analysis, I prefer to selling the pair below 141.70 with targets 140.70, 140.10 then 139.50 and stoploss with four hour candle closing above 142.60.

gbp/jpy technical analysis by using : adx

adx : 30.4240
+di : 36.6240
-di : 10.5180
timeframe : 1 hour
date : 17.01.2013

buy gbp/jpy at the level 142.11 with targets at 143.74 and 144.39, but in case of breaking the level 141.56, then sell at this level with targets at 140.18 and 139.26

GBP / JPY formed head and shoulders per hour with a neckline at 143.01 (lowest 11.01.2013). Risk reduction is determined by 141.21. Support provided by 142.09 per hour (highest 01/07/2013) and the channel increases. A resistance is at 143.24 per hour (intraday). GBP / JPY has broken the strong resistance at 140.03. Next to the long-term strengthening of the major resistance at 163.09 is expected.

Analysis GBP JPY expect that the GBP JPY is now in the rise and possible rising today to the limits of 145.00 and rebound, but in the case of penetration and continued to climb possible connects to 146.30 and rebound

Quote:

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Originally Posted by ashaab

http://i49.tinypic.com/295al4m.gif

The pair is trading in sideways but still trading below the Linear Regression Indicator. The stochastic reaches in overbought indicator and Linear regression indicator also shows bearish cross which indicates that the pair should maintain its bearish movement. According to my chart analysis, I prefer to selling the pair below 141.70 with targets 140.70, 140.10 then 139.50 and stoploss with four hour candle closing above 142.60.

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I think GJ is likely to join the other jpy pairs to move above 144. i am suspecting 145.xx before the move backward to 138. i got my hands burnt trading EJ and UJ and i think if care is not taking, some people are going to get their hands burnt if you enter at the right time.

gbp/jpy technical analysis by using : adx

adx : 37.6505
+di : 17.8939
-di : 8.1888
timeframe : 1 hour
time : 1000

During GBPJPY drove consistently above 143.00, a chance to open up the target of break-resistant clay, 144.78. Projection bias is bullish following scenario 146.83.Jika 145.85 and failed, and there was excessive correction skip 143.00, following the targeted support is 142.45. Strong support at 140.47/57 level. Area is anticipated bearish reversal; 144.78; 145.85 and 146.83. Area anticipation is bullish reversal; 143.40; 143.00; 142.45 and 140.47/57.

http://i49.tinypic.com/t4wq9z.gif

The pair continue to trade upside and now trading above the 142.60 level which indicates positive signal. As long as the pair is stable above the Linear Regression Indicator we remain in our bullish scenario. According to my chart analysis, I prefer to buying the pair above 143.20 with targets 144.15, 145.00 then 145.60 and stoploss with four hour candle closing below 142.60.