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analysis for today 3 / 18 / 2014
GBP/JPY
Resistance 3 170,50
Resistance 2 170,20
Resistance 1 170,00
Pivot Point 169,29
Support 1 168,77
Support 2 168,57
Support 3 168,27
BUY STOP 170,00 STOP LOSS 168,77 TAKE PROFIT 170,20
SELL STOP 168,77 STOP LOSS 170,00 TAKE PROFIT 168,57
Woodie's Pivot Point daily calculation
Pair : GBP/JPY
Date : Wednesday,March 19,2014
R3=171.01
R2=170.30
R1=169.18
PP=168.47
S1=167.36
S2=166.64
S3=165.53
Pivot Point result today
Pair : GBP/JPY
S3=164.88,S2=166.71,S1=167.49,PP=158.54,R1=169.32, R2=170.36,R3=172.19
Wednesday,March 19,2014
Time frame : Daily
GBP/JPY day: the downward trend.
Turning point: 169.6
Trading strategy: put under 169.6, the target price, 167.7, and 167.1.
Alternative strategies: bullish, in 169.6, the target price set at 170, then 170.5.
Technical comments: as long as the 169.6 resistance level was not a breakthrough, the risk down to below 167.7 position is very high.
analysis for today 3 / 19 / 2014
GBP/JPY
Resistance : R1 168.89 R2 169.14 R3 169.34 R4 169.64
Support : S1 167.62 S2 167.37 S3 167.17 S4 166.87
Open : 168.29
High : 168.37
Low : 168.14
Range : 23 Pips
Running Price : 168.27
Strategy : SELL at the level 168.27 stop loss at the level 168.89 target take profit at the level 167.17 or at the level 166.87
pair- gbp/jpy
chart analysis time frame- h1
http://i61.tinypic.com/5vtyir.jpg
the price is making double bottom chart pattern at the support at 167.70 level and having a resistance trend line at the 169.00 its again up side can expected to the resistance at 171.14 level but wait to break the higher resistance at 169.50
good luck.
Camarilla Pivot POINT
Wednesday,March 19,2014
Pair :GBP/JPY
R4=169.27
R3=168.77
R2=168.60
R1=168.44
S1=168.10
S2=167.94
S3=167.77
S4=167.27
Time Frame : Daily
Basically, GBPJPY still moving in a bearish trend and this pair still possible to fall and reach the support level at 167.29. But if GBPJPY can rise and break 168.30 successfully, GBPJPY may makes a correction movement again to the resistance level at 169.56.
Trading Signal - 19/03/2014 - 09:00 GMT +3
Instrument: GBPJPY
60min CHART
Downwards Strong
The market is testing resistance at 168.80. We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance the 169.30 level.
Support & Resistances
167.70 168.80
166.60 169.30
164.80 169.80
http://dl.dropbox.com/u/51561036/scr...319-185655.jpg
analysis for today 3 / 19 / 2014
GBP/JPY
Resistance 3 169,44
Resistance 2 169,14
Resistance 1 168,94
Pivot Point 168,29
Support 1 167,57
Support 2 167,37
Support 3 167,07
BUY STOP 168,94 STOP LOSS 167,57 TAKE PROFIT 169,14
SELL STOP 167,57 STOP LOSS 168,94 TAKE PROFIT 167,37