Gbp/Jpy

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analysis for today 10 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 10 / 13 / 2014
OPEN 172.88
HIGH 173.02
LOW 171.74
CLOSED 171.85

The third resistance (R3) 173.02 - ( 172.20 - 171.74 = 0.46 x 2 = 0.93 )= 173.95
The second Resistance (R2) 172.20 + 173.02 - 171.74 = 173.48
First resistance (R1) 172.20 x 2 = 344.41 - 171.74 = 172.67
pivot points 173.02 + 171.74 + 171.85 = 516.61 / 3 = 172.20
Support for the first (S1) 172.20 x 2 = 344.41 - 173.02 = 171.39
Support second (S2) 172.20 - ( 173.02 - 171.74 = 1.28 ) = 170.92
Third Support (S3) 171.74 - ( 173.02 - 172.20 = 0.82 x 2 = 1.63 )= 170.11

http://i62.tinypic.com/zx7c5l.jpg

Pair: GBPJPY
Type of analysis: Technical
Time frame: H1
Channel line: Bearish under pivot
Fibonacci Indicator: Bullish retracement
William %R Indicator: Bullish (oversold)

Final decision: Bullish

pair- gbp/jpy
analysis time frame- m30

http://i62.tinypic.com/2jcc8zr.jpg

the price is moving in the strong down trend side and move to the oversold level 30. the price is now at the daily support level three at 170.09. here a correction to continue down movement can expected. hold the short entry with stop loss at 171.30
good luck

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analysis for today 10 / 14 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 170.69
Retracement (50%) 170.60
retracement (61,8%) 170.50

Extensions (61.8%) 171.50
Extensions (100.0%) 171.81
Extensions (138.2%) 172.12
Extensions (161.8%) 172.31
calculation based on a Fibonacci retracement then today I choose buy

By analyzing the GBPJPY we can but a bullish chanel to limit the movement of the market inti two trend lines The price is moving at the lower edge of the donchin channel so you may think about buying as long as there is no opposite signs appear on the Awesome oscillator The Awesome oscillator has a green bar appears below the level of 0 and it is considered a good buy signal Also the stostatic indicator shows buy signal by showing up intersection between the two lines near the 20 th level Till this moment bullish trend is the choise and also buying targeting the upper edge of the donchin channel is not a bad idea at all http://bigimage.cz/photos/20141015141332533979644.gif

Monitoring the GBPJPY chart today I realized that a bearish trend is taking place and that’s because of the red arrow shown on the chart also the price 174.8 which is considered a top is a matter of fact the strong resistance preventing the price from penetrating it and heading above it and that is of course if the trend kept heading strongly in the bearish direction.
The parabolic sar dots however is currently appearing below the candle sticks meaning the price would be heading up for quite some time.
If we are to be taking selling trades as the main trades then the support 169.75 would be the best as initial taking profit position and also there is a great chance for the price to head north after reaching it.
http://bigimage.cz/photos/20141015141332578156644.gif .

On the GBPJPY chart for today the price appears to move in downward trend as a red dots appear above the bars and as the price still lower than the strong resistance of 174.7267 which is also the weekly pivot point and it is likely for the price to keep going south unless it hit the weekly pivot support at 172.0067 On the other hand if the price breaks the 174.7267 resistance and also get a bullish signals by a blue colored dots it is expected to keep going north till the 176.4333 resistance as the next weekly pivot level.
http://bigimage.cz/photos/20141015141332641108806.gif .

On the GBPJPY hourly chart we can see that a strong bearish trend is happening as the Blade oscillator is now at the 0.068 area below the level of balance and also the indicator is colored in red that is a strong indication of bearish direction on the short term. Another buy signal is shown on the moving average indicator as it is heading upward to let me think that the last top performed at 170.3 could be a good place to set any sell position's stop loss level at. http://bigimage.cz/photos/20141015141332803153051.gif

for the GBPJPY pair the price now upper than the EMA line of 15.
Which can be a good sign for bullish trend for the current day.
The power line indicator is now below the 50 th level which can be an indication for a good downward direction of the signal.
At last one thing can be added is the power momentum indicator that shows a low power of the bullish trend and that can be used as a filter to filter the entry of buy positions.
http://bigimage.cz/photos/20141015141332805128082.gif .

On the chart of the USDCHF there is a main down trend signal as the 2 EMA 5 and 6 are moving below the slow EMA of 35 and if the other indicators confirm a bearish direction then i will go for sell positions.
For the Parabolic sar indicator there a dot above the candles that indicates a downward direction in addition to that we can see a sell signal on the MACD indicator that is moving below the level 0 beside that the CCI line is located at the lower level to perform a downward signal.
As a conclusion and according to the EMA locations sell positions are my choice for today unless the price shows an opposite bullish signals.
http://bigimage.cz/photos/20141015141333485170922.gif .