Gbp/Jpy

time frame- M30
price is break the resistance at the 153.60 and moving up side it is also rejected from the 154.85 but hold lower support at the 154.10. if this support is break then it will be again falling to the 152.75 and stop loss at the 155.00
good luck

elliott elongated flat correction up 155.28 current up move should be ended around 154.42 any correction consolidation should find support in 153.10 - 152.58

---------- Post added at 05:10 PM ---------- Previous post was at 04:47 PM ----------

elliott elongaaaated flat correction down 1.3123 there is bearish potenial for to 1.3198 - 1.3164 whle 1.3232 - 1.3261 resit aftre thus fall a recovery up to 1.3261 or 1.3289 is expected

http://charts.mql5.com/1/487/gbpjpy-...orex-group.png


we can see in the 4h chart
the pair trading down the 23.6
I see the pair will go to down way to 152.68
rsi refers that the pair will go down
so our target sell from 154.31 and our target will 160pips
Good luck
:good::respect::peace::accute:

http://charts.mql5.com/1/487/gbpjpy-...orex-group.png


hi

how are you

we can see in the m30 chart

the pair can not close up the broken down trend line

I see the pair will go to down way to 153.43

rsi refers that the pair will go down

so our target sell from 154.23 and our target will 80pips

Good luck
:good::respect::peace::doubt:

I do not understand what is GBP/JPY? I am new comer for Forex so now this time I can try to know about its terms and condition. I hope more then few months I know it.

GBPJPY,H1
Date 2013.05.07
Time 04:00

Spoiler:

http://charts.mql5.com/1/488/gbpjpy-...orex-group.png

Open 154.17
High 154.17
Low 153.82
Close 153.89
Volume 383
SMA(5) 154.21
SMA(10) 154.29
SMA(20) 154.33
SMA(50) 153.80
SMA(100) 152.67
SAR 154.58

Indicator window 1
Stoch(5,3,3) 24.0310
Signal 33.2741

Indicator window 2
RSI(14) 40.6732

Indicator window 3
MACD(12,26,9) 0.075
Signal 0.161

Indicator window 4
%R(14) -90.0000

based on combination of indicators above,
trend : BEARISH

Gbp/jpy analysis for 05.07.2013 by using pivot indicator.

r3: 155.30
r2: 155.01
r1: 154.66

pivot: 154.37

s1: 154.02
s2: 153.73
s3: 153.38

i am going to sell this pair half at market price @ 154.00 and half place pending sell order @ 154.40
my stop loss of the day @ 154.57
my half take profit of the day @ 153.67
and half @ 153.33

very strong bearish mode is confirmed by both of histograms of Accumulated Oscilator (AO), Relative Vigor Index (RVI) and Gator Oscilators simultantly which are below zero line or negative value as indication for strong drive for downtrend movement from 154.11 then fast stochastic line is crossing slow stochastic line upward near buy border level 20 as reversal tendency as rebullish is starting now

Pivot levels today:
R3: 155.26
R2: 155.03
R1: 154.62
PP: 154.39
S1: 153.97
S2: 153.73
S3: 153.33
Comment: Price now is below the daily pivot level, but it is above the 55 SMA, so no clear signal now.
Forecast: By breaking 153.33 level, this may open the way to more fall to 152.33.