Gbp/Jpy

GBP/JPY intraday: BULLISH bias over 152. the RSI is combined with a upside bias.
Pivot@ 152
My choice: Open BUY positions higher than 152 with targets at 153.75 and 154.2 in extension.
Alternate choice conditions: Underneath 152 search for further down-side with 151.1 and 150.4 as targets.
http://dl.dropbox.com/u/51561036/scr...724-175812.jpg

GBP/JPY pair price already breakout daily resistance 1 level (153.605). Now the price is down trend. I think the price may touch Fibo 61.8 level.

http://i1311.photobucket.com/albums/...psc288bc1b.jpg

we will soon see a test of 154.60 area and break there will activate the next target around 156.70 but we need to be flexible as 152.85 and 151.50 is the supports and any break below the later will means that we have finished with correction and all important lows is about to be tested soon

so remain focus as we are getting close to our target
regards

today i like to sell this pair @ 154.40
my stop loss of the day @ 154.65
half take profit for today @ 154.00
and further half take profit @ 153.35

The down trend also still look here. last candle on GBPJPY is down and if today price can continue down and break to bellow 152.32 take sell is better.

Action Pair Open price Open time(GMT-6) S/L T/P Lots Close price Close time(GMT-6) Profit
sell EURJPY 153.45 2013-06-28 07:28:22 154.00 151.00 4.00 151.06 2013-06-28 09:45:54
+800.00

http://charts.mql5.com/2/110/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 152.89
macd refers that the pair will go down
so our target sell from 153.92 and our target will 103pips

Good luck

GBP/JPY Trading Signal - 24/7/2013 - 16:00 GMT+3 60min CHART Upwards Weak
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 154.20 resistance level.
Only the downward break of 152.70 would cancel the bullish scenario and take us SHORT.
http://dl.dropbox.com/u/51561036/scr...725-004415.jpg

The following data is predicted based on indicators that we use for the currency pair GBPJPY this day, to this day resistance levels as follows: RI (153.74) R II (154.26) R III (154.86). and to this day support levels as follows: SI (151.92) S II (151.50) S IIII (150.77)
recommendation:
now the right time to put a sell order on a currency pair GBPJPY

hi

we can see in the daily chart
the pair can close up the up trend line
i see the pair will go to up way to 155.91
rsi refers that the pair will go up
so our target buy from 153.42 and our target will 253pips


http://charts.mql5.com/2/111/gbpjpy-...orex-group.png

=(:woo: