Gbp/Jpy

http://charts.mql5.com/1/446/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 147.49

stochastic refers that the pair will go down

so our target sell from 150.90 and our target will 300pips

Good luck

time frame- M30
the price is moving in the down trend. it is now at the pivot point 151.50 and if this level rejected the price we can short but we must wait the signal form macd indicator. if the price is close below the 151.30 we can short with the target lower support at the 150.90

good luck

elliott flat correction down 150.53 it may meet resistances in 151.53 - 151.60 zone for a drift down to 150.99 zone after which bounce to 152.15 is anticipated
support and resistances
res2 152.76
res1 152.15
pivot 151.60
su[1 150.99
sup2 150.44

GBPJPY,H1
Date 2013.05.01
Time 01:00

Spoiler:

http://charts.mql5.com/1/449/gbpjpy-...orex-group.png

Open 151.22
High 151.29
Low 151.18
Close 151.20
Volume 281
SMA(5) 151.30
SMA(10) 151.36
SMA(20) 151.34
SMA(50) 151.51
SMA(100) 152.00
SAR 150.81

Indicator window 1
Stoch(5,3,3) 18.0328
Signal 28.5034

Indicator window 2
RSI(14) 42.1295

Indicator window 3
MACD(12,26,9) -0.080
Signal -0.084

Indicator window 4
%R(14) -51.4286

based on combination of indicators above,
trend : NEUTRAL

Pair : GBPJPY
Updated : Wed, May 01 13:15
Price : 151.36
Movement : 6.5 Pips
Movement : 0.04%

Support : 150.11
Pivot : 151.34
Resistance : 152.57
:yahoo::yahoo:

Gbp/jpy pivot levels by using fibonacci pivot indicator.

r3: 152.63
r2: 152.15
r1: 151.85

pivot : 151.37

s1: 150.89
s2: 150.59
s3: 150.11

Wednesday 1 May 2013. Analysis using support resistance (daily)

Low: 150.73
Height: 151.97
Close: 151.27

Support 3: 149.44
Support 2:150.08
Support 1: 150.68
Pivot: 151.32
Resistance 1: 151.92
resistance 2:152.56
Resistance 3: 153.16

today's opening price: 151.28

Signal: down.

seen clearly that in the day you could do a buy order on a currency pair if price able gbpjbp towards 151.50 and a sell order if the price towards 151.10, between the two pending stop order that they have the possibility to achieve a while longer, so my advice do not do or make an order before the price

Pivot levels today:
R3: 153.21
R2: 152.56
R1: 151.98
PP: 151.33
S1: 150.74
S2: 150.09
S3: 149.51
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rising is expected.
Forecast: Price may rise to 153.20.

in the chart 1h we can see the pair will go to down way in the futureI see the pair will go to 151.35
I expect from this analyze that the price will go to down way
so sell from 151.91 to 151.35



good luck