Gbp/Jpy

Yesterday the pair broke through, confirming the continuation of the upward movement. Formed by a pair of uplink and now hourly candle broke the support line channel. After it closes below the support line, a couple of sell with 38 goals and 61% fib. If the candle closes within a rising channel, buy a pair of goals from 158.95. On the rebound from this level, the pair sell, and after his breakout - buy line with the objectives of the channel resistance.

dear i need your help the post in which you have shown the chat which is indicating different numbers such as 61.8 50.0 etc what does it show. and what is this strategy and how to use it in trading kindly put some light on it so that all the members could get benefit from it and make some money. thanks

pair- gbp/jpy
chart analysis- H4

http://i43.tinypic.com/2qb8ach.png

the price is setup of the double to chart pattern and break at the resistance side 158.15 level with a strong bull candle. this will be continue in the up movement to the next resistance at 159.24 level. long with profit target and stop loss at the 157.30
good luck

analysis for today 11 / 6 / 2013
GBP/JPY (Daily Trade)

Resistance 3 159.21
Resistance 2 158.91
Resistance 1 158.71
Pivot Point 158.02
Support 1 158.08
Support 2 157.88
Support 3 157.58


SELL 158.08 STOP LOSS 158.71 TAKE PROFIT 157.88 OR 157.58

Gbp/jpy technical analysis

date : 11.06.2013
time : 11:00 GMT
time frame : 15 min

indicator :

1) RSI (14)
value: 61.74

2) MACD (26,12,9)
value: 0.0893

3) ADX (14)
value: 17.58

4)CCI(14)
value: 91.45

overall trend - slightly bullish.

The GBP/JPY formed a large pin bar yesterday rejecting support level 156.85. This move signal us to go long.

Current Important Levels : 156.85
http://1.bp.blogspot.com/-AYSM3CbkAA...6+Nov%2713.jpg

GBPJPY for today's analysis by using a simple moving average on the 1 hour time frame
SIMPLE Moving average 5 158.707400 SELL
SIMPLE Moving average 10 158.688200 BUY
SIMPLE Moving average 20 158.530850 BUY
SIMPLE Moving average 50 157.954640 BUY
SIMPLE Moving average 100 157.662170 BUY
overall trend buy

http://charts.mql5.com/2/979/gbpjpy-...orex-group.png



hi
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 160.66
stochastic refers that the pair will go up
so our target buy from 158.66 and our target will 200pips
Good luck

Standard pivots

R3 160.04
R2 159.54
R1 159.09

PIVOT 158.50

S1 158.02
S2 157.43
S3 156.95
http://www11.0zz0.com/2013/11/06/22/627935750.png

GBPJPY for today's analysis by using a simple moving average on the 1 hour time frame
SIMPLE moving average 5 158.582200 SELL
SIMPLE moving average 10 158.636000 SELL
SIMPLE moving average 20 158.648050 SELL
SIMPLE moving average 50 158.168340 BUY
SIMPLE moving average 100 157.741930 BUY
overall trend neutral