Gbp/Jpy

Gbpjpy Daily Outlook 21-07-2014
Intraday tendency in GBP/JPY remains within the downside for 172. thirty five support first. Split there will validate near term change and turn take on life bearish for 170. 95 support. In of which case, we'll pay close attention to the reaction from 169. 53 crucial support level. On the other hand, above 174. 54 will mix up the outlook and turn focus to 175. 36 resistance again.

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analysis for today 7 / 21 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 173.02
Retracement (50%) 173.13
retracement (61,8%) 173.24

Extensions (61.8%) 172.12
Extensions (100.0%) 171.78
Extensions (138.2%) 171.44
Extensions (161.8%) 171.22
calculation based on a Fibonacci retracement then today I choose sell

Trading Signal - 21/07/2014 - 10:00 GMT +3
Instrument: GBPJPY
60min CHART
Downwards Strong
The market is testing resistance at 173.10. We are waiting to see reversal signals in order to reinstate SHORT positions, or alternatively the downward break of the 172.70 support level. Next important resistance the 173.40 level.
Support & Resistances
172.70 173.10
172.10 173.40
171.20 173.80

http://dl.dropbox.com/u/51561036/scr...721-230911.jpg

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analysis for today 7 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 7 / 21 / 2014
OPEN 173.17
HIGH 173.25
LOW 172.80
CLOSED 173.14

The third resistance (R3) 173.25 - ( 173.06 - 172.80 = 0.26 x 2 = 0.53 )= 173.78
The second Resistance (R2) 173.06 + 173.25 - 172.80 = 173.51
First resistance (R1) 173.06 x 2 = 346.13 - 172.80 = 173.33
pivot points 173.25 + 172.80 + 173.14 = 519.19 / 3 = 173.06
Support for the first (S1) 173.06 x 2 = 346.13 - 173.25 = 172.88
Support second (S2) 173.06 - ( 173.25 - 172.80 = 0.45 ) = 172.61
Third Support (S3) 172.80 - ( 173.25 - 173.06 = 0.19 x 2 = 0.37 )= 172.43

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analysis for today 7 / 22 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 173.08
Retracement (50%) 173.03
retracement (61,8%) 172.97

Extensions (61.8%) 173.53
Extensions (100.0%) 173.70
Extensions (138.2%) 173.87
Extensions (161.8%) 173.98
calculation based on a Fibonacci retracement then today I choose buy

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analysis for today 7 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 7 / 22 / 2014
OPEN 173.15
HIGH 173.47
LOW 172.98
CLOSED 173.14

The third resistance (R3) 173.47 - ( 173.20 - 172.98 = 0.22 x 2 = 0.43 )= 173.90
The second Resistance (R2) 173.20 + 173.47 - 172.98 = 173.69
First resistance (R1) 173.20 x 2 = 346.39 - 172.98 = 173.41
pivot points 173.47 + 172.98 + 173.14 = 519.59 / 3 = 173.20
Support for the first (S1) 173.20 x 2 = 346.39 - 173.47 = 172.92
Support second (S2) 173.20 - ( 173.47 - 172.98 = 0.49 ) = 172.71
Third Support (S3) 172.98 - ( 173.47 - 173.20 = 0.27 x 2 = 0.55 )= 172.43

as necessary this pair generating an strong bearish movement right after the news release yesterday......and ones assist line continues to be broke through yesterday move but becareful my partner and i think this pair can be nearing ones low along with the major revesal may happen soon.....watchout on 129 -- 128 location to be able to enter extended then week

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analysis for today 7 / 23 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 173.17
Retracement (50%) 173.23
retracement (61,8%) 173.28

Extensions (61.8%) 172.68
Extensions (100.0%) 172.49
Extensions (138.2%) 172.30
Extensions (161.8%) 172.19
calculation based on a Fibonacci retracement then today I choose sell

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analysis for today 7 / 24 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 173.05
Retracement (50%) 172.97
retracement (61,8%) 172.89

Extensions (61.8%) 173.77
Extensions (100.0%) 174.05
Extensions (138.2%) 174.33
Extensions (161.8%) 174.49
calculation based on a Fibonacci retracement then today I choose buy

[B]Trading Signal - 28/07/2014 - 10:00 GMT +3
Instrument: GBPJPY
60min CHART
Downwards Weak
The market is testing resistance at 173.30. We are waiting to see reversal signals in order to reinstate SHORT positions, or alternatively
the downward break of the 172.60 support level. Next important resistance the 173.70 level.
Support & Resistances
172.60 173.30
172.10 173.70
171.20 174.30

http://dl.dropbox.com/u/51561036/scr...729-015902.jpg