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pair- gbp/jpy
analysis time frame- m30
http://i61.tinypic.com/10zpks0.jpg
the price is making triple bottom chart pattern at the support 181.90 level. the rsi is also showing oversold as hit the level 30. if the price is break resistance of the pivot point the long with take profit at 184.00 and stop loss below the daily support at 180.80
good luck.
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 184.25 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 179.59 On the other hand if the price breaks the 184.25 resistance and also get a bullish signals by a blue colored dots it is expected to keep going north till the 186.6 resistance as the next weekly pivot level.
http://bigimage.cz/photos/20010122980126765670687.gif .
http://prntscr.com/54uwgq
analysis for today 11 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 11 / 7 / 2014
OPEN 172.41
HIGH 172.76
LOW 171.27
CLOSED 171.92
The third resistance (R3) 172.76 - ( 171.98 - 171.27 = 0.71 x 2 = 1.43 )= 174.19
The second Resistance (R2) 171.98 + 172.76 - 171.27 = 173.47
First resistance (R1) 171.98 x 2 = 343.97 - 171.27 = 172.70
pivot points 172.76 + 171.27 + 171.92 = 515.95 / 3 = 171.98
Support for the first (S1) 171.98 x 2 = 343.97 - 172.76 = 171.21
Support second (S2) 171.98 - ( 172.76 - 171.27 = 1.49 ) = 170.49
Third Support (S3) 171.27 - ( 172.76 - 171.98 = 0.78 x 2 = 1.55 )= 169.72
pair- gbp/jpy
analysis time frame- m30
http://i59.tinypic.com/20ffi4o.jpg
the price is break the resistance at 181.92 level and moving up side but the rsi indicator will overbought so it will again down side. the price may rejecting up movement and will break the lower support at 181.14 level. hold the short entry with stop loss at 182.40
good luck.
On the GBPJPY chart for today the price appears to move in upward trend as a blue dots appear below the bars and as the price still higher than the strong resistance of 179.59 which is also the weekly pivot point and it is likely for the price to keep going north unless it hit the weekly pivot resistance at 184.25 On the other hand if the price breaks the 179.59 support and also get a bearish signals by a red colored dots it is expected to keep going south till the 177.28 support as the next weekly pivot level.
http://bigimage.cz/photos/20010123980208201177384.gif .
http://prntscr.com/557icm
analysis for today 11 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 11 / 10 / 2014
OPEN 181.93
HIGH 182.28
LOW 181.11
CLOSED 181.99
The third resistance (R3) 182.28 - ( 181.79 - 181.11 = 0.68 x 2 = 1.37 )= 183.65
The second Resistance (R2) 181.79 + 182.28 - 181.11 = 182.96
First resistance (R1) 181.79 x 2 = 363.59 - 181.11 = 182.48
pivot points 182.28 + 181.11 + 181.99 = 545.38 / 3 = 181.79
Support for the first (S1) 181.79 x 2 = 363.59 - 182.28 = 181.31
Support second (S2) 181.79 - ( 182.28 - 181.11 = 1.17 ) = 180.62
Third Support (S3) 181.11 - ( 182.28 - 181.79 = 0.49 x 2 = 0.97 )= 180.14
GBP/JPY is commercialism at 183.78, up 0.97% on the day, having announce a daily high at 184.00 and low at 181.77. Meanwhile, we are going to address the united kingdom in the week and also the state information for October so the quarterly inflation report. Markets predict the “lower for longer” decision from the BoE and rate rises lynx-eyed round the middle of 2015 rather than any immediate action. The state report are going to be closely monitored and any disappointments there may see sterling lose any ground and delay the crosses ambitions for a grip on the 184 handle for currently.
GBP/JPY noteworthy levels at 183.78, we are able to see next resistance ahead at 184.00, 184.30 (Weekly Classic R1), 186.65 (Weekly Classic R2) and 188.97 (Weekly Classic R3). Support below is found at 183.68 (Daily Classic R3), 183.60, 183.45 and 183.00 Year High).
Daily Forecast
Pair: GBPJPY
Major Trend: Bullish
Time Frame: H4
Reason: Prices have moved and touched at the same area of corrections daily pivot 183.49 and after that his prediction that prices will move to 185.11 if resistance 184.49 was break
Recommendation: Buy with a target of 185.11
http://prntscr.com/55ipra
analysis for today 11 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 11 / 11 / 2014
OPEN 181.98
HIGH 184.40
LOW 181.80
CLOSED 184.29
The third resistance (R3) 184.40 - ( 183.50 - 181.80 = 1.70 x 2 = 3.39 )= 187.79
The second Resistance (R2) 183.50 + 184.40 - 181.80 = 186.10
First resistance (R1) 183.50 x 2 = 366.99 - 181.80 = 185.19
pivot points 184.40 + 181.80 + 184.29 = 550.49 / 3 = 183.50
Support for the first (S1) 183.50 x 2 = 366.99 - 184.40 = 182.59
Support second (S2) 183.50 - ( 184.40 - 181.80 = 2.60 ) = 180.90
Third Support (S3) 181.80 - ( 184.40 - 183.50 = 0.90 x 2 = 1.81 )= 179.99
Trading Signal - 12/11/2014 - 10:00 (GMT +2)
Instrument: GBPJPY
Time : 60min CHART
Trend & Condition : Upwards Strong
The market is testing support at 183.00. We are waiting to see reversal signals in order to reinstate LONG positions, or alternatively the upward break of the 184.70 resistance level. Next important support the 181.00 level.
Support & Resistances :
183.00 184.70
181.00 185.50
180.50 186.80
http://dl.dropbox.com/u/51561036/scr...112-205833.jpg
Spoiler: