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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 184.1933 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 180.6033 On the other hand if the price breaks the 184.1933 resistance and also get a bullish signals by a blue colored dots it is expected to keep going north till the 186.2067 resistance as the next weekly pivot level.
http://bigimage.cz/photos/20141123141677804621640.gif .
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Daily Forecast
Pair: GBPJPY
Major Trend: NEUTRAL
Time Frame: H1
Reason: There is a strong support area at 184.05 and the price has been trying to penetrate as much as 3 times the reflection in the area serve targeted. If the support is broken, then the price will be towards 182.99. For RSI is still below the 50 line and the Stochastic inclined to sell.
Recommendation: Sell Stop at 184.03
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pair- gbp/jpy
analysis time frame- m30
http://i62.tinypic.com/311pb0i.jpg
the down movement of the is hold at the support 184.10 and moving up side with breaking the resistance trend line at 184.65 level. now the price is above the daily resistance one 185.39 level and rsi is showing overbought. it will again down side. short with stop loss at 186.00
good luck.
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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 181.6267 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 186.6667 On the other hand if the price breaks the 181.6267 support and also get a bearish signals by a red colored dots it is expected to keep going south till the 178.8233 support as the next weekly pivot level.
http://bigimage.cz/photos/20141124141686319195580.gif .
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pair- gbp/jpy
analysis time frame- m30
http://i62.tinypic.com/72rp1d.jpg
the up movement of the price is moved to last high at 186.00 and rejecting down side. this is break pivot point and making pull back from the 185.23 level. its down movement continue expected to the lower support at 183.72 level and stop loss at 185.89
good luck.
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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 186.6667 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 181.6267 On the other hand if the price breaks the 186.6667 resistance and also get a bullish signals by a blue colored dots it is expected to keep going north till the 188.9033 resistance as the next weekly pivot level.
http://bigimage.cz/photos/20141125141695245354754.gif .
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Daily Forecast
Pair: GBPJPY
Major Trend: NEUTRAL
Time Frame: H4
Reason: Stochastic still leaning down, which means there are 2 support is being addressed by the market. 184.72 support first and second in the weekly pivot point at 184.04. But the direction of the trend for the long term is still bullish. RSI still above the line 50. To this day safer taking short positions.
Recommendation: Sell with a target of 184.35
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http://prntscr.com/5a89ly
analysis for today 11 / 26 / 2014
GBP/JPY
Resistance : R1 185.71 R2 185.96 R3 186.16 R4 186.46
Support : S1 184.58 S2 184.33 S3 184.13 S4 183.83
Open : 185.33
High : 185.33
Low : 184.96
Range : .37 Pips
Running Price : 185.01
Strategy : BUY at the level 185.01 stop loss at the level 184.58 target take profit at the level 186.16 or at the level 186.46
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I don't think that the price will can break the resistance level at 186.06 that's why I advise you to look only for short opportunities.
http://i.imgur.com/VpeRyLo.png
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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 181.6267 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 186.6667 On the other hand if the price breaks the 181.6267 support and also get a bearish signals by a red colored dots it is expected to keep going south till the 178.8233 support as the next weekly pivot level.
http://bigimage.cz/photos/20141126141703650166087.gif .
Spoiler: