Gbp/Jpy

GBPJPY currently pricing at 151.62 and the monthly average price is 151.04. so one can create a short position in this currency pair for target of 151.0 and then next target will be around 150.35. Low risk traders should give stop loss at 152 and high risk traders does not need to give any stop loss as over all trend is negative for short term.

GBP/JPY pair is now up trend. The price already breakout daily resistance 2 level (151.020) and touched upper trend line. I think the price may touch daily resistance 3 level (151.878).

http://i1311.photobucket.com/albums/...ps48d2cdf5.jpg

GBP/JPY Trading Signal - 13/8/2013 - 08:00 GMT+3 60min CHART
Upwards Strong
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 151.00 resistance level.
Only the downward break of 150.00 would cancel the bullish scenario.
http://dl.dropbox.com/u/51561036/scr...813-221413.jpg

My daily trading,I hope the day is a success ...
GBP/JPY (Daily Trade)

Open : 149.75
Resistance : 150.53 150.83 151.03

Support : 151.20 150.90 150.70


High / Low : 152.03/ 149.70
Range : 233 pips
Running Price : 151.61

for intraday trade today suggest SELL at the level 151.61, stop loss at the level 152.03, target take profit at the level 151.20
===GOOD LUCK===

Today Signal- GBP/JPY August 13, 2013

Sterling ended the session on Monday with gains of 0.47%, versus the yen, bouncing back
from a three-session low. the pair rallied after testing supports at 148.80- 149.00 for the
third successive session; 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. Only a close below the supports at 149.00 could negate the bullish view with the pair likely to target 144.00- 145.00 yen

TRADING RECOMMENDATIONS

SHORT:
At 148.60 with a stop at 149.10 for a profit target of 147.60

LONG:
Hold on to long positions initiated at 149.00 with a trailing stop at 149.90 for a profit target of 151.20.
the pair was seen trading at 150.45- 150.50 with the session lows placed at 149.75

http://charts.mql5.com/2/265/gbpjpy-...orex-group.png


how are you

we can see in the 1d chart
the pair can close up the up trend line
i see the pair will go to up way to 153.65
rsi refers that the pair will go up
so our target buy from 151.65 and our target will 200pips

Good luck

how are you
we can see in the 1d chart
the pair can close up the up trend line
i see the pair will go to up way to 152.75
rsi refers that the pair will go up
so our target buy from 151.75 and our target will 100pips


http://charts.mql5.com/2/265/gbpjpy-...ex-group-2.png

how are you

we can see in the 1w chart
the pair can close up the up trend line
i see the pair will go to up way to 153.66
stochastic refers that the pair will go up
so our target buy from 151.66 and our target will 200pips

http://charts.mql5.com/2/266/gbpjpy-...orex-group.png

GBP/JPY analysis by using pivot indicator. (H4)

R3 150.581
R2 150.175
R1 149.924

pivot 149.518


S1 149.112
S2 148.861
S3 148.455

elliott common flat correction up 150.66 it should test 150.74 area after which a sell off down to 149.17 or extended to 148.50 area is expected
support and resistances
res2 150.58
res1 150.21
piovt 149.54
sup1 149.17
sup2 148.50