Gbp/Jpy

Well, the momentum is not showing any indication of slowing down. The least what is now expected is a move towards 168.12 which will complete the 38.2% retracement of the long-term downtrend from 251.09 to 116.84. However the momentum also suggests that the pair may not only stop there but may try to take out the psychological resistance of 170.00 next. The previous resistance at 163.07 should now turn into support and if this support holds then who knows that GBP/JPY also manages to knockout 175.00 or more?

as expectable this duo making a forceful bearish front rightist after the information supply yesterday......and the resource connective has been bust by yesterday propose but becareful i think this span is nearing the low and the field revesal give hap presently.....watchout at 129 - 128 region to begin agelong incoming week

analysis for today 12 / 2 / 2013
My daily trading,I hope the day is a success ...
GBP/JPY (Daily Trade)

Resistance : R1 168.46 R2 168.71 R3 168.91 R4 169.21
Support : S1 167.75 S2 167.50 S3 167.30 S4 167.00

Open : 167.77
High : 168.50
Low : 167.71
Range : 79 Pips
Running Price : 168.15

For intraday trade today suggest BUY at the level 168.15 stop loss at the level 167.75 target take profit at the level 168.91 or at the level 169.21

After being born within the starting of the session, GBPJPY rebound from 127.66 support space and currently area unit optimistic towards 128.63 Resistance space.

http://s13.postimg.org/i5jq0fnnb/screenshot_7.png

GBPJPY attempted to maintain its position rose to 168.49 towards 168.82 levels with a note kereksi have experienced a decline to a level of 167.76 first.

Attachment 9525
TECHNICAL ANALYSIS
GBPJPY

TIME FRAME H1
Exponential MA "18" : BULLISH
Exponential MA "28" : BULLISH
Exponential MA "50" : BULLISH
Parabolic SAR "0.05/0.2" : BULLISH
MACD "30/60/30" : BULLISH

TREND: BULLISH

http://charts.mql5.com/3/213/gbpjpyr...rectdealer.png
Date: 02-12-2013
Time frame: 1h
High and low prices
High today is: 168.51
Low today is: 167.68
Total pips today: 83
So buy from: 168.10
Our target 1 is: 168.30
Our target 2 is: 168.50

virtual Day GBPJPY

02-12-2013
DAY -OPEN 167.750

DAY-HIGH 168.515

DAY-LOW 166.835

BY using pending orders

buy limit from 166.810

sell limit from 168.530

http://www4.0zz0.com/2013/12/02/08/919608017.png

Standard pivots

R3 169.088
R2 168.485
R1 168.042
PIVOT 167.439
S1 166.996
S2 166.393
S3 165.950
http://www8.0zz0.com/2013/12/02/08/473345338.png

fibo lines today 2-DEC 2013


fibo 100% 168.722& fibo 60% 168.232

fibo 50% 168.000& fibo 38% 167.925

fibo 23% 167.741

target buy to 168.654
target sell to 167.136
http://www9.0zz0.com/2013/12/02/10/352831019.png