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time frame- H1
the price has been break the strong resistance trend line at the 150.90 this is also try to making a pull up. but the rsi indicator is still at the overbought level. so price may be again rejecte from the resistance at 151.30 and move down side. we can hold our short positon with the take profit at 150.45
good luck
GBP/JPY intraday: BULLISH trend dominates. the pair stays on the bullish trend and is getting close to its resistance.
Pivot@ 150.55
My choice: Open BUY positions higher than 150.55 with targets @ 151.9 & 152.35 in extension.
Alternate choice conditions: Less than 150.55 start looking for further down-side with 150 & 149.5 as targets.
http://dl.dropbox.com/u/51561036/scr...701-210405.jpg
today i like to sell this pair @ 151.89
my stop loss of the day @ 152.22
half take profit for today @ 151.60
and further half take profit @ 151.33
elliott crucial reversal point 151.03 it may attempt a test higher to 152.54 - 154.35 after which weakness may set it to a drift down 147.23 limit
support and resistances
res2 157.85
res1 154.35
piovt 150.73
sup1 147.11
sup2 143.61
time frame- H1
the price is rejected from the resistance at 152.00 with making some doji patterns and the rsi indicator is also moving down side. this may be again moving down side. we can short this pair with the take profit at the support level 150.80 and stop loss at the 152.50
good luck
Gbp/jpy analysis for 07.02.2013 by using pivot indicator.
r3: 153.360
r2: 152.679
r1: 152.126
pivot: 151.445
s1: 150.892
s2: 150.211
s3: 149.658
thanks you for my information.ab main b is thread se trade karon ga
today i like to buy this pair @ 151.35
my stop loss of the day @ 151.00
half take profit for today @ 151.65
and further half take profit @ 151.93
GBP/JPY intraday: the bias continues to be bullish. the pair has bounce back on its support and is breaking up on top of its earlier high.
Pivot@ 151
My choice: Open BUY positions on top of 151 with targets @ 152.35 & 153 in extension.
Alternate choice conditions: Under 151 start looking for further down-side with 150.55 & 150 as targets.
http://dl.dropbox.com/u/51561036/scr...702-224438.jpg
elliott irregular flat correction up 152.57 one more lower to 150.97 or 150.29 is anticipated while below 151.86 - 152.20 area stop loss above 152.76 zone
support and resistances
res2 152.76
res1 152.20
piovt 151.52
sup1 150.97
sup2 150.29