Gbp/Jpy

http://prntscr.com/4cy1em
analysis for today 8 / 15 / 2014

GBP/JPY

Resistance : R1 171.70 R2 171.95 R3 172.15 R4 172.45
Support : S1 170.31 S2 170.06 S3 169.86 S4 169.56

Open : 170.95
High : 171.06
Low : 170.95
Range : 11 Pips
Running Price : 171.02

Strategy : SELL at the level 171.02 stop loss at the level 171.70 target take profit at the level 169.86 or at the level 169.56

http://prntscr.com/4d2nl9
analysis for today 8 / 15 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 170.88
Retracement (50%) 170.95
retracement (61,8%) 171.01

Extensions (61.8%) 170.31
Extensions (100.0%) 170.09
Extensions (138.2%) 169.87
Extensions (161.8%) 169.74
calculation based on a Fibonacci retracement then today I choose sell

Trading Signal - 15/08/2014 - 10:00 (GMT +3)
Instrument: GBPJPY
60min CHART
Downwards Strong
The market is testing resistance at 171.10. We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance the 171.40 level.
Support & Resistances
170.50 171.10
170.00 171.40
169.40 171.80

http://dl.dropbox.com/u/51561036/scr...815-230945.jpg

http://prntscr.com/4dwlcj
analysis for today 8 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 8 / 15 / 2014
OPEN 170.95
HIGH 171.46
LOW 170.49
CLOSED 170.87

The third resistance (R3) 171.46 - ( 170.94 - 170.49 = 0.45 x 2 = 0.90 )= 172.36
The second Resistance (R2) 170.94 + 171.46 - 170.49 = 171.91
First resistance (R1) 170.94 x 2 = 341.88 - 170.49 = 171.39
pivot points 171.46 + 170.49 + 170.87 = 512.82 / 3 = 170.94
Support for the first (S1) 170.94 x 2 = 341.88 - 171.46 = 170.42
Support second (S2) 170.94 - ( 171.46 - 170.49 = 0.97 ) = 169.97
Third Support (S3) 170.49 - ( 171.46 - 170.94 = 0.52 x 2 = 1.04 )= 169.45

http://prntscr.com/4dxwxu
analysis for today 8 / 18 / 2014

GBP/JPY

Resistance : R1 171.80 R2 172.05 R3 172.25 R4 172.55
Support : S1 170.79 S2 170.54 S3 170.34 S4 170.04

Open : 171.23
High : 171.54
Low : 171.05
Range : 49 Pips
Running Price : 171.47

Strategy : BUY at the level 171.47 stop loss at the level 170.79 target take profit at the level 172.25 or at the level 172.55

http://prntscr.com/4e7yg6
analysis for today 8 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 8 / 18 / 2014
OPEN 171.23
HIGH 171.71
LOW 171.05
CLOSED 171.61

The third resistance (R3) 171.71 - ( 171.46 - 171.05 = 0.41 x 2 = 0.81 )= 172.52
The second Resistance (R2) 171.46 + 171.71 - 171.05 = 172.12
First resistance (R1) 171.46 x 2 = 342.91 - 171.05 = 171.86
pivot points 171.71 + 171.05 + 171.61 = 514.37 / 3 = 171.46
Support for the first (S1) 171.46 x 2 = 342.91 - 171.71 = 171.20
Support second (S2) 171.46 - ( 171.71 - 171.05 = 0.66 ) = 170.80
Third Support (S3) 171.05 - ( 171.71 - 171.46 = 0.25 x 2 = 0.51 )= 170.54

http://prntscr.com/4e8j9l
analysis for today 8 / 19 / 2014

GBP/JPY

Resistance : R1 172.24 R2 172.49 R3 172.69 R4 172.99
Support : S1 170.92 S2 170.67 S3 170.47 S4 170.17

Open : 171.16
High : 171.67
Low : 171.49
Range : .18 Pips
Running Price : 171.59

Strategy : BUY at the level 171.59 stop loss at the level 170.92 target take profit at the level 172.69 or at the level 172.99

http://prntscr.com/4ee3bx
analysis for today 8 / 19 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 171.30
Retracement (50%) 171.38
retracement (61,8%) 171.46

Extensions (61.8%) 170.64
Extensions (100.0%) 170.39
Extensions (138.2%) 170.14
Extensions (161.8%) 169.98
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/4em7mq
analysis for today 8 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 8 / 19 / 2014
OPEN 171.60
HIGH 171.67
LOW 170.73
CLOSED 171.04

The third resistance (R3) 171.67 - ( 171.15 - 170.73 = 0.42 x 2 = 0.83 )= 172.50
The second Resistance (R2) 171.15 + 171.67 - 170.73 = 172.09
First resistance (R1) 171.15 x 2 = 342.29 - 170.73 = 171.56
pivot points 171.67 + 170.73 + 171.04 = 513.44 / 3 = 171.15
Support for the first (S1) 171.15 x 2 = 342.29 - 171.67 = 170.62
Support second (S2) 171.15 - ( 171.67 - 170.73 = 0.94 ) = 170.21
Third Support (S3) 170.73 - ( 171.67 - 171.15 = 0.52 x 2 = 1.05 )= 169.68

http://prntscr.com/4ejio8
analysis for today 8 / 20 / 2014

GBP/JPY

Resistance : R1 171.73 R2 171.98 R3 172.18 R4 172.48
Support : S1 170.45 S2 170.20 S3 170.00 S4 169.70

Open : 171.03
High : 171.20
Low : 170.98
Range : 22 Pips
Running Price : 171.13

Strategy : SELL at the level 171.13 stop loss at the level 171.73 target take profit at the level 170.00 or at the level 169.70