Gbp/Jpy

both bigger time frame stochastic H4 and H1 are near buy border level of this indicator 20 as bullish starting trend, it means pair now is starting to become reversal after sharply dropped down and 142.30 as this strong point for bullish and pair will reach above 142.90 as consolidation zone and also as strong bulllish continuing movement

in the H1 time frame the price is moving in down trend. it is not able to break last high at 144.61 and rejected from the 143.70 lower side the price is supported at the 141.95. we can short this pair with the target 141.50 and stop loss is 143.00

Gbp/jpy technical analysis by using moving averages.

date : 03.28.2013

time : 0730 GMT

time frame : 15 min

sma200 : 142.98 signal- sell.
sma100 : 142.74 signal- buy.

As you see in my following attached chart, the pair was achieved the first target in yesterday’s trading hitting 142.00, to settle generally below the moving average which supports the expected negative overview in our previous report.
We remain in our expectation of achieving 141.80 which breaking below it makes the main target around 140.90 which represents 38.2%Fibonacci, but a four hours candle stick close below 50% Fibonacci at 141.85 is conditioned.
We should mention that in case failing to break below 141.85 the price will fluctuate between the moving average at 143.30 and 141.85.

well acutally that one pair is available for major forex pair but i this pair 7 pips spread . so i do rare trade in this pair when i feel market moves in my faovr otherwise not, and this one pair do not go futher up in this week because i read analysis of week and at this time its value is 142.46 and it will not go at 145.00 so it i will remain in value between 140 to 143 that's true ok

Gbp/jpy analysis for 03.28.2013 by using pivot indicator.

r3: 145.48
r2: 144.61
r1: 143.72

pivot: 142.85

s1: 141.96
s2: 141.09
s3: 140.20

http://charts.mql5.com/1/229/gbpjpy-...orex-group.png


hi

how are you

we can see in the 1h chart

the pair can close down the down trend line

i see the pair will go to down way to 141.78

stochastic refers that the pair will go down

so our target sell from 142.78 and our target will 100pips

Good luck

Pair is in corrective bear grip with resistance at 143.348. 141.725 is good support which can hold. Pair is risky until it clearly falls or rise above 144.740. We should wait for it to make clear move.

elliott flat correction down 142.04 one ,ore dip to 142.48 or 142 is likely followed by a grind higher to 143.36 - 143.80 after which it can resume it is downtrend
support and resistances
res2 144.70
res1 143.80
pivot 142.92
sup1 142.03
sup2 141.15

http://charts.mql5.com/1/230/gbpjpy-...orex-group.png


we can see in the 1d chart

the pair will go to up way to the up trend line

i see the pair will go to up way to 144.09

stochastic refers that the pair will go up

so our target buy from 143.09 and our target will 100pips

Good luck
:respect::happy::yahoo: