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GBPJPY is gain some nice moves upward just because of sterling strength and if you want to buy this pair than you should place your stop loss 1st as markets related to yen are so violatile these days. important area is 144.60 and on the downside 142.60 is strong support.
in the H1 time frame the macd is giving us long signal but bar is lossing its strength. the price have the resistance at 144.60 and higher resistance at 145.50 if the price break first resistance we will long with the target next resistance level with stop loss at 142.50
GBP/JPY intraday: the upside prevails.
Pivot: 143.75
Our preference: Long positions above 143.75 with targets @ 144.7 & 145.2 in extension.
Alternative scenario: Below 143.75 look for further downside with 143.2 & 142.65 as targets.
Comment: the pair is rebounding on its support and should post further advance as the RSI is well directed.
http://dl.dropbox.com/u/51561036/scr...319-223539.png
Pair : GBPJPY
Updated : Wed, Mar 20 06:16
Price : 143.48
Movement : -17 Pips
Movement : -0.12%
Support : 142.35
Pivot : 143.81
Resistance : 145.27
:)))
http://charts.mql5.com/1/177/gbpjpy-...orex-group.png
we can see in the 1d chart
the pair trading down the 23.6
I see the pair will go to down way to 142.46
stochastic refers that the pair will go down
so our target sell from 143.33 and our target will 79pips
Good luck
in the H1 time frame stoch and cci is moving in the over sold area and in the price chart it is making some doji pattern moving average support at 143.20 is break. we can long this pair to the target 144.40 with the stop loss at 142.80
Daily top value was 144.623 and daily bottom value was 143.146.
During the Asian trade the pair GBPJPY started trading at 143.952 and ended at 144.544. Asian highest rate was 144.623, Asian low was 143.811.During the European trade the pair GBPJPY started trading at 144.291 and ended at 144.000. European highest rate was 144.412, European low was 143.688.During the US trade the currency pair GBPJPY started trading at 144.374 and ended at 143.476. U.S. top level was 144.400, U.S. bottom value was 143.215.
Gbp/jpy technical analysis by using moving averages.
date : 03.20.2013
time : 0600 GMT
time frame : 15 min
sma200 : 143.72 signal- sell.
sma100 : 143.72 signal- sell.
Gbp/jpy analysis for 03.20.2013 by using pivot indicator.
r3: 145.90
r2: 145.24
r1: 144.42
pivot: 143.76
s1: 142.94
s2: 142.28
s3: 141.46
good question...GBPJPY approaching resistance at 133.48. A breakthrough on it will target extensions at 135.63 and 136.95. Short term support is at 131.45, break down this level would target rising channel support at 130.79.