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http://www3.0zz0.com/2013/07/29/21/229307092.png
we can see in the 1w chart
the pair trading down the 38.2
I see the pair will go to down way to 141.54
macd refers that the pair will go down
so our target sell from 150.15 and our target will 589pips
Good luck
Gbp/jpy analysis for 07.30.2013 by using pivot indicator.
r3: 152.22
r2: 151.71
r1: 150.95
pivot: 150.44
s1: 149.68
s2: 149.17
s3: 148.41
elliott extended impulse wave down 149.67 it may meet resistances in 150.25 - 150.52 zone for adrift down to 149.75 zone after which bounce to 151.02 is anticipated
support and resistances
res2 151.79
res1 151.02
piovt 150.52
sup1 149.75
sup2 149.24
GBPJPY movement is still in flat conditions, the position of the lower price is in the BB area monthly. prediction is saturated area price, and the price will be towards the upper monthly BB. but to get to the upper monthly BB, information needs to lower the daily movement. if the daily movement is able to be trending up, then the price will go lower to the weekly BB.
Gbp/jpy technical analysis
date : 07.30.2013
time : 05:15 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 58.04
2) MACD (26,12,9)
value: -0.1172
3) ADX (14)
value: 13.00
4)CCI(14)
value: 39.56
overall trend - strongly bullish.
The pair intraday analysis at H1 using williams percentage range and moving average are showing the pair on limited bearish condition. It may continue today if the price are not break the pivot level and going raise. Try to find good resistance and set Short order on it. Today SNR :
R3 : 152.30
R2 : 151.77
R1 : 151.08
Pivot : 150.50
S1 : 149.71
S2 : 149.20
S3 : 148.45
enter the breakout trend line support
https://fbcdn-sphotos-h-a.akamaihd.n...71370253_o.jpg
today i like to sell this pair @ 150.35
my stop loss of the day @ 150.73
half take profit for today @ 150.00
and further half take profit @ 149.66
The pair GBP/JPY in the H1 chart as writing turned up, while there is a correction but I believe that this growth will be long and tries to previous peak until the first goal at the top level 150.95 and then roll back the increase to the level of 151.37 on another pullback and the ultimate goal at 152.13
GBP/JPY pair is now down trend. The price already breakout daily pivot point (150.464). I think the price may touch daily support 1 level (149.736).
http://i1311.photobucket.com/albums/...pse1ea725e.jpg
Spoiler: