Gbp/Jpy

Gbp/jpy technical analysis by using moving avearges.

date : 03.29.2013

time : 0115 GMT

time frame : 15 min

sma200 : 142.89 signal- buy.
sma100 : 142.76 signal- buy.

Gbp/jpy analysis for 03.29.2013 by using pivot indicator.

r3: 144.18
r2: 143.61
r1: 143.28

pivot: 142.71

s1: 142.38
s2: 141.81
s3: 141.48

Gbp/jpy
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As you see in the following attached chart,the pair is trading within descending channel, and it is in a suitable place to sell with target @ 141.72. Stochastic in the (sell) levels.

Gbp/jpy
bhai mere Main ye thread GBPJPY ke debationg ke liye bana raha hain. all friends or all members ko ya post karne ke liye welcome karta hoon.

GBP / JPY 4-hour chart is sandwiched between two medium-sloping levels, they converge to form a triangle, to determine the direction of further movement to wait breakdown of one of the edges of the triangle, I think that this will be the southern boundary, as the pair below the moving steadily strengthened alligator Stochastic also showed a sell signal as a 4 hour and the daily chart, target levels may be 141.90, 140.60.

in the H1 time frame the stoch indicator is giving us long signal and macd is also try to change its trend direction. the moving average 14 is try to providing resistance at 143.00 we can short this pair with the target lower support at 142.38 and stop loss is 143.50

This pair GBP/JPY is bullish, but its moves seems to be capped @ 144.00 region. This is because of the co-relation that it has with the pair EUR/JPY, due to euro crisis, EJ is going down and dragging GJ down

http://charts.mql5.com/1/233/gbpjpy-...orex-group.png


we can see in the 1w chart

the pair trading down the 23.6

I see the pair will go to down way to 140.27

stochastic refers that the pair will go down

so our target sell from 143.04 and our target will 279pips

Good luck

elliott common flat correction up 143.82 it should test 143.96 area which a sell off down to 142 .49 or extended to 141.86 area is expected
support and resistances
res2 143.80
res1 143.45
pivot 142.83
sup1 142.49
sup2 141.86