Gbp/Jpy

On the GBPJPY a bullish cross is currently taking place between the 9 and the 152 EMAs indicating by that the possibility that the price will be heading north soon.
After monitoring the histogram indicator we can notice that a red line is starting to take shape forming by that a bearish signal for the pair by being located under the 0 histogram level.
As for the market emotion indicator which is giving us a red line meaning by that that the price will be starting to fall to reach lower prices.
On the guru angle indicator we can notice that the slope is currently moving above the 0 level colored as green indicating by that a bullish direction now.
Clearly we can see that the price might be heading north in order to test the next resistance located at the price 187.13 that's why I do recommend that as long as the indicators keep showing the same signals we should go with buy orders.
http://bigimage.cz/photos/20141203141758956130905.gif

some good selling signals shown today on the hourly chart of the GBPJPY as the price have a red arrow as the last signal that viewed by the EMA crossover indicator which uses a 2 exponential moving averages with an unsimilar shifts and you can see the red line crossing below the blue one to act as a sell signal.
it happens also on the QQE indicator that is clear on the chart lines above the fifty levels and showing a sell cross.
We target the area 186.85 by performing sell orders until I can get a new buy cross by the 2 exponential moving averages.
.
http://bigimage.cz/photos/20141203141759016753574.gif

On the GBPJPY hourly chart we can see that a strong bullish trend is happening as the Blade oscillator is now at the 0.182 area above the level of balance and also the indicator is colored in blue that is a strong indication of bullish direction on the short term.
Another buy signal is shown on the moving average indicator as it is heading downward to let me think that the last bottom performed at 186.56 could be a good place to set any buy position's stop loss level at .
http://bigimage.cz/photos/20141203141759049131889.gif

For today's analysis on the GBPJPY since we can see that the price located below the level 186.7 colored in blue which can be considered a balanced point according on the MBFX indicator.
On the other hand the vestro indicator is showing us a bearish saturation as its last signal.
down in this situation targeting the next MBFX level located at the support of the price 186.37 which could be our primary selling target and if it kept going on the same pace then the support located at 186.16 could be considered as our secondary target but in case the price breaks the level 187.04 then this would be the time to start thinking about buying orders as the price will stop heading down http://bigimage.cz/photos/20141203141759095864940.gif

As I can see on the GBPJPY hour chart the daily open for today was higher than the last day which can be a good signal for a north direction of the market.
Now when focusing on the chart you can easily get the signal form the green up arrow which shown below the price candles to indicate a probably of bullish direction on the upcoming day.
And about the strong levels that the price may need to fight in order to break it you can monitor that there is a strong resistance located at the price 186.95 and I think it is hard for the price to break it up then I guess I will use it as a primary take profit level for any long positions that I may enter.
I also always keep an eye on the check and trader indicators to help me filtering the fake trend signals and they have to show a blue line for the check and a green color for the trend indicator before I decide to enter the long positions.
.
13

analysis for today 12 / 3 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 186.74
Retracement (50%) 186.65
retracement (61,8%) 186.55

Extensions (61.8%) 187.53
Extensions (100.0%) 187.83
Extensions (138.2%) 188.13
Extensions (161.8%) 188.32
calculation based on a Fibonacci retracement then today I choose buy

The stochastic indicator is in a overbought condition that's why I think that the price will fal to the support level at 187.30.
http://i.imgur.com/KgBr0ow.png

Irrespective of the recession that was announced in Japan in the past weeks, GBP/JPY still keeps going higher and higher massively. This pair has crossed 188.00 Region, I guess it will close at over 190 by the years end.

The price is moving above the wave of EMA indicators to perform a shape of bullish direction through the day at the chart of GBPJPY pair.
And with a buy signal showing on the RSI indicator which have the line going above the center line of 50.
This also can be merged with the data of Macd indicator as you can see the green lines is heading up to inform that the market bulls have the control at the market for the current period.
Then I think going with the bulls at the current day and keep at the market until another sell signals shown on the cart by getting the price under the wave of EMA indicators .
http://bigimage.cz/photos/20141204141767412118237.gif

As you can see on the GBPJPY chart in front of us the blue line’s position in the moment indicator is above the red line which means a good buying signal should be occurring.
also the yellow color shown in the oracle strength indicator means that a upwards direction signal is going to take place.
The oracle direction indicator could serve as a filtering tool with the red colors shown on the arrows meaning that a downward signal would be taking place in short term trades.
Summing all that up in my opinion I do think that the trend would be taking a upward direction but that can only happen if the moment buy cross was taking place on the chart And as long as the ATR indicator keeps showing buying signals then without doubt the buy trades would be a better choice for entry.
http://bigimage.cz/photos/20141204141767453166732.gif