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Trading Signal - 12/05/2014 - 11:00 GMT +3
Instrument: GBPJPY
60min CHART
Downwards Weak
A Medium probability, entry signal to go SHORT will be given with the downward break of 171.60 after the
market found resistance at 172.20. Only the upward break of 172.20 would cancel the bearish scenario.
Support & Resistances
171.20 171.90
170.50 172.40
169.40 173.00
http://dl.dropbox.com/u/51561036/scr...512-231743.jpg
analysis for today 5 / 13 / 2014
GBP/JPY
Resistance : R1 172.98 R2 173.23 R3 173.43 R4 173.73
Support : S1 171.81 S2 171.56 S3 171.36 S4 171.06
Open : 172.24
High : 172.56
Low : 172.23
Range : 33 Pips
Running Price : 172.52
Strategy : BUY at the level 172.52 stop loss at the level 171.81 target take profit at the level 173.43 or at the level 173.73
analysis for today 5 / 13 / 2014
GBP/JPY
Resistance 3 173.53
Resistance 2 173.23
Resistance 1 173.03
Pivot Point 172.24
Support 1 171.76
Support 2 171.56
Support 3 171.26
BUY STOP 173.03 STOP LOSS 171.76 TAKE PROFIT 173.23
SELL STOP 171.76 STOP LOSS 173.03 TAKE PROFIT 171.56
pair- gbp/jpy
chart analysis time frame- m30
http://i62.tinypic.com/30jrxw1.jpg
the price is making a bullish engulfing candlestick pattern at the support of the fibo level 50 the price 171.90. at this level the rsi is also hit oversold level 30 and moving up. we can make long entry with the take profit at 172.60 and stop loss at the 171.60
good luck.
analysis for today 5 / 14 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 172.20
Retracement (50%) 172.30
retracement (61,8%) 172.40
Extensions (61.8%) 171.38
Extensions (100.0%) 171.07
Extensions (138.2%) 170.76
Extensions (161.8%) 170.56
calculation based on a Fibonacci retracement then today I choose sell
analysis for today 5 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 5 / 13 / 2014
OPEN 172.24
HIGH 172.71
LOW 171.89
CLOSED 172.04
The third resistance (R3) 172.71 - ( 172.21 - 171.89 = 0.32 x 2 = 0.65 )= 173.36
The second Resistance (R2) 172.21 + 172.71 - 171.89 = 173.03
First resistance (R1) 172.21 x 2 = 344.43 - 171.89 = 172.54
pivot points 172.71 + 171.89 + 172.04 = 516.64 / 3 = 172.21
Support for the first (S1) 172.21 x 2 = 344.43 - 172.71 = 171.72
Support second (S2) 172.21 - ( 172.71 - 171.89 = 0.82 ) = 171.39
Third Support (S3) 171.89 - ( 172.71 - 172.21 = 0.50 x 2 = 0.99 )= 170.90
pair- gbp/jpy
chart analysis time frame- m30
the price is moving up and break the daily pivot point at the 172.21 level but this hours its making a strong bearish candle. if this is close below the 172.10 then bearish engulfing setup can see. short with the take profit at 171.70 and stop loss at the 172.40
good luck.
Trading Signal - 14/05/2014 - 10:00 GMT +3
Instrument: GBPJPY
60min CHART
Upwards Strong
A Medium probability, entry signal to go LONG will be given with the upward break of 172.40 after the market found support at 172.00. Only the downward break of 171.80 would cancel the bullish scenario.
Support & Resistances
172.00 172.80
171.20 173.00
170.80 173.20
http://dl.dropbox.com/u/51561036/scr...514-214021.jpg
pair- gbp/jpy
chart analysis time frame- m30
http://i59.tinypic.com/15he52b.jpg
the price has been break the strong support at the 171.23 level and making side way movement from the support at 170.38 level. this down movement continue expected but some correction can see. hold the short entry with the take profit at 170.00 and stop loss at 171.50
good luck.
analysis for today 5 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 5 / 15 / 2014
OPEN 170.81
HIGH 171.00
LOW 170.19
CLOSED 170.53
The third resistance (R3) 171.00 - ( 170.57 - 170.19 = 0.38 x 2 = 0.77 )= 171.77
The second Resistance (R2) 170.57 + 171.00 - 170.19 = 171.38
First resistance (R1) 170.57 x 2 = 341.15 - 170.19 = 170.96
pivot points 171.00 + 170.19 + 170.53 = 511.72 / 3 = 170.57
Support for the first (S1) 170.57 x 2 = 341.15 - 171.00 = 170.15
Support second (S2) 170.57 - ( 171.00 - 170.19 = 0.81 ) = 169.76
Third Support (S3) 170.19 - ( 171.00 - 170.57 = 0.43 x 2 = 0.85 )= 169.34