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The GBP/JPY ratio of long to short positions within the GBP/JPY stands at -1.42 as of traders are long. Yesterday the magnitude relation was -1.08; forty eighth of open positions were long. A long position is seventeen.8% trade yesterday and twenty one.4% below levels seen last week. Short position is 8.1% above yesterday and eight.5% on top of levels seen last week. Open interest is four.4% not up to yesterday and zero.9% on top of its monthly average.
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/20010125980379415956965.gif .
Daily Forecast
Pair: GBPJPY
Major Trend: Bearish
Time Frame: H4
Reason: 184.41 Resistance can not be broken, the price tends to form a bearish pattern. Pivot point today at 182.96 belim untouched. RSI 50 has a translucent.
Recommendation: Sell Limit at 182.96 with targets 181.31
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analysis for today 11 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 11 / 12 / 2014
OPEN 184.30
HIGH 184.66
LOW 181.99
CLOSED 182.23
The third resistance (R3) 184.66 - ( 182.96 - 181.99 = 0.97 x 2 = 1.94 )= 186.60
The second Resistance (R2) 182.96 + 184.66 - 181.99 = 185.63
First resistance (R1) 182.96 x 2 = 365.92 - 181.99 = 183.93
pivot points 184.66 + 181.99 + 182.23 = 548.88 / 3 = 182.96
Support for the first (S1) 182.96 x 2 = 365.92 - 184.66 = 181.26
Support second (S2) 182.96 - ( 184.66 - 181.99 = 2.67 ) = 180.29
Third Support (S3) 181.99 - ( 184.66 - 182.96 = 1.70 x 2 = 3.40 )= 178.59
pair- gbp/jpy
analysis time frame- m30
http://i59.tinypic.com/iq8orl.jpg
the down movement of the price is not able to break the support at 182.00 and lower fibo support 78.6. the price is moving up side and rsi is also above the 50 level. the daily pivot point may rejecting up movement but if break then long with take profit at 184.30 and stop loss at 181.60
good luck.
The form of the price of the pair strong positive prompt trades yesterday to observe the test price Broken support for the second time at a price of 184.60, we recall that the stability along the broken support will continue to form a key resistance level and stay on Trgihana to control downside bias for the coming period and constitutes 180.30 level primary objective of a mile bearish.
---------- Post added at 07:11 PM ---------- Previous post was at 05:08 AM ----------
The price of the pair form a negative tendency and clear trades yesterday after failing to breach the resistance level around 184.60 and extended stay for the former expected to control downside bias for the coming period, we recall the stability of the first goal on the level of 180.10
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/20010126980472826108051.gif .
GBP/JPY is up to check the 182 handle however 182.20 resistance is proving a bit little bit of a challenge and also the combine is stall there. Spot is presently trade at 182.19, and next resistance will be seen at 182.40 (Hourly two hundred SMA), 182.51 (Hourly a hundred SMA), 182.80 (Yesterday's High) and 183.05 (Daily Classic PP). Next support to the draw back will be found at 182.02 (Hourly twenty EMA), 181.98 (Weekly Classic PP), 181.89 (Daily Open) and 181.75 (Daily Low).
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analysis for today 11 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 11 / 13 / 2014
OPEN 182.22
HIGH 182.79
LOW 181.55
CLOSED 181.89
The third resistance (R3) 182.79 - ( 182.08 - 181.55 = 0.53 x 2 = 1.05 )= 183.84
The second Resistance (R2) 182.08 + 182.79 - 181.55 = 183.32
First resistance (R1) 182.08 x 2 = 364.15 - 181.55 = 182.60
pivot points 182.79 + 181.55 + 181.89 = 546.23 / 3 = 182.08
Support for the first (S1) 182.08 x 2 = 364.15 - 182.79 = 181.36
Support second (S2) 182.08 - ( 182.79 - 181.55 = 1.24 ) = 180.84
Third Support (S3) 181.55 - ( 182.79 - 182.08 = 0.71 x 2 = 1.43 )= 180.12
pair- gbp/jpy
analysis time frame- m30
http://i61.tinypic.com/15qom8g.jpg
the price is making double top chart pattern at the daily resistance 182.58 level with having the nick line of the support 181.65 level. the price is now at the support side. short with take profit 181.70 and stop loss at the 182.73
good luck.
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