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http://s28.postimg.org/nescgv925/bieela_2014_06_11.jpg
The main trend is still visible down to peak at 171.09 level, but will need later on in anticipation that the possibility for the European market price reversal could have occurred, it is possible prices will rise to the level of 172.08 or even higher than that
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http://prntscr.com/3ro4ux
analysis for today 6 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 6 / 10 / 2014
OPEN 172.25
HIGH 172.31
LOW 171.33
CLOSED 171.49
The third resistance (R3) 172.31 - ( 171.71 - 171.33 = 0.38 x 2 = 0.76 )= 173.07
The second Resistance (R2) 171.71 + 172.31 - 171.33 = 172.69
First resistance (R1) 171.71 x 2 = 343.42 - 171.33 = 172.09
pivot points 172.31 + 171.33 + 171.49 = 515.13 / 3 = 171.71
Support for the first (S1) 171.71 x 2 = 343.42 - 172.31 = 171.11
Support second (S2) 171.71 - ( 172.31 - 171.33 = 0.98 ) = 170.73
Third Support (S3) 171.33 - ( 172.31 - 171.71 = 0.60 x 2 = 1.20 )= 170.13
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pair- gbp/jpy
chart analysis time frame- h1
http://i61.tinypic.com/16954ip.jpg
the price is falling to the fibo support at the 50 level 171.00 and now may move up side. the rsi indicator is also moving up side. if the price is move above the 171.35 level then make long entry with take profit at the 171.90 and stop loss at the fibo 61.8 level the price 170.70
good luck
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http://prntscr.com/3rsiyb
analysis for today 6 / 11 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 171.70
Retracement (50%) 171.82
retracement (61,8%) 171.94
Extensions (61.8%) 170.72
Extensions (100.0%) 170.35
Extensions (138.2%) 169.98
Extensions (161.8%) 169.74
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/3ro4ux
analysis for today 6 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 6 / 11 / 2014
OPEN 171.47
HIGH 171.78
LOW 170.94
CLOSED 171.34
The third resistance (R3) 171.78 - ( 171.35 - 170.94 = 0.41 x 2 = 0.83 )= 172.61
The second Resistance (R2) 171.35 + 171.78 - 170.94 = 172.19
First resistance (R1) 171.35 x 2 = 342.71 - 170.94 = 171.77
pivot points 171.78 + 170.94 + 171.34 = 514.06 / 3 = 171.35
Support for the first (S1) 171.35 x 2 = 342.71 - 171.78 = 170.93
Support second (S2) 171.35 - ( 171.78 - 170.94 = 0.84 ) = 170.51
Third Support (S3) 170.94 - ( 171.78 - 171.35 = 0.43 x 2 = 0.85 )= 170.09
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Strong buy signal for GBPJPY, because small MA MA has been cut too large and 171.76 is exceeded, this indicates that the GBPJPY will continue to rise until 172.19-172.60 or may be higher than that.
http://s14.postimg.org/9jqudadlt/bieela_2014_06_12.jpg
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http://prntscr.com/3s26sx
analysis for today 6 / 12 / 2014
GBP/JPY
Resistance : R1 171.93 R2 172.18 R3 172.38 R4 172.68
Support : S1 171.08 S2 170.83 S3 170.63 S4 170.33
Open : 171.34
High : 171.83
Low : 171.18
Range : 65 Pips
Running Price : 171.73
Strategy : BUY at the level 171.73 stop loss at the level 171.08 target take profit at the level 172.38 or at the level 172.68
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http://prntscr.com/3s4ux0
analysis for today 6 / 12 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 171.26
Retracement (50%) 171.36
retracement (61,8%) 171.46
Extensions (61.8%) 170.42
Extensions (100.0%) 170.10
Extensions (138.2%) 169.78
Extensions (161.8%) 169.58
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/3saeid
analysis for today 6 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 6 / 12 / 2014
OPEN 171.33
HIGH 172.23
LOW 171.02
CLOSED 172.13
The third resistance (R3) 172.23 - ( 171.79 - 171.02 = 0.77 x 2 = 1.55 )= 173.78
The second Resistance (R2) 171.79 + 172.23 - 171.02 = 173.00
First resistance (R1) 171.79 x 2 = 343.59 - 171.02 = 172.57
pivot points 172.23 + 171.02 + 172.13 = 515.38 / 3 = 171.79
Support for the first (S1) 171.79 x 2 = 343.59 - 172.23 = 171.36
Support second (S2) 171.79 - ( 172.23 - 171.02 = 1.21 ) = 170.58
Third Support (S3) 171.02 - ( 172.23 - 171.79 = 0.44 x 2 = 0.87 )= 170.15
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pair- gpy/jpy
chart analysis time frame- h1
http://i60.tinypic.com/2q2gx2v.jpg
the price is making double bottom chart pattern at the support 171.00 and moving up side with breaking the nick line of the resistance at 171.75 level. the price is also break the resistance at 172.50 long with the take profit at 173.50 and stop loss at the 172.00
good luck