Gbp/Jpy

today i like to buy this pair @ 149.12
my stop loss of the day @ 148.77
half take profit for today @ 149.40
and further half take profit @ 149.77

elliott flat correction down 147.61 it should test 154.32 area after which a sell off down to 149.11 or extended to 147.08 area is expected
support and resistances
res2 153.49
res1 152.32
piovt 150.29
sup1 149.11
sup2 147.08

gbp/jpy technical analysis by using : average directional movement

index wilder(14) & average directional movement index(14)

on 09.08.13


timeframe : 1 hour
time : 1100
market trand : ranging

adx wilder(14) level

style : 22.07
+di : 23.59
-di : 13.70

adx(14) level

adx : 35.19
+di : 20.05
-di : 8.88

GBP/JPY Signal Today August 9, 2013


Sterling ended the session on Thursday with gains of 0.70%, versus the yen, capping three successive sessions of losses. The pair bounced back after hitting important supports at 148.80- 149.00; bottom end of the medium term bullish channel. Trend bullish and the gains could extend to 152.50- 153.00 if resistances at 151.30- 151.50 are taken out. Close below the supports at 149.00 and there could be a sharp slide with the pair likely to target 144.00- 145.000 yen


Trend direction

Short term: Bearish
Medium term: Bullish
Long term: Bearish

Trading Recommendations

Short:

At 151.40 with a stop at 151.70 for a profit target of 149.80

Long:

At 151.80 with a stop at 151.30 for a profit target of 152.80
At 149.00 with a stop at 148.70 for a profit target of 151.20

GBP/JPY Trading Signal - 9/8/2013 - 08:00 GMT+3 60min CHART Downwards Weak
Waiting for a retracement lower towards the 149.60 support level, or alternatively the break of the 150.70 resistance level, in order to reinstate LONG positions.
http://dl.dropbox.com/u/51561036/scr...809-193655.jpg

time frame- H1
the rsi indicator is below the 50 level and near to 30 level. in the price chart we can see a strong support at the 149.00 level. here price may be hold but if this support is break we can short with the take profit at 148.40 and stop loss at the 149.90
good luck

today i like to buy this pair @ 149.27
my stop loss of the day @ 149.00
half take profit for today @ 149.53
and further half take profit @ 149.73

gbp/jpy last day technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 10.08.13


timeframe : 1 hour
time : 2300
market trand : down

adx wilder(14) level

style : 19.37
+di : 14.31
-di : 24.27

adx(14) level

adx : 37.73
+di : 8.07
-di : 23.88

Gbp/jpy
I want to buy this pair at 149.27
my stop loss of the day at 149.00
half take profit for today at 149.53
and further half take profit at 149.73

There could be two scenarios whether this correction be counted as flat of wave IVth correction But whateve it is I am expected 148.90 area to hold to break above 151.06 and then move towards 154.50 can be seen in flat of wave c of a triangle builts but any break below 148.90 can be considered as wave B finshed at 153.80 and we are going to test the strong support around 147.00 area So very low risk reward opportunity is here for the counter trend with stop around 148.40 and look for 153.00 minimum as wave C target if it is a triangle or target is 155.00 or high and then move C below 147.00 for the final wave IVth movement


regards
check the chart

http://i1292.photobucket.com/albums/...psb7642775.png