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daily forecast
Pair: GBPJPY
Major Trend: Bearish
Time Frame: H1
Reason: Bolling indicator Band pursed. And yesterday there is a bearish candle is full. If the market penetrates down 177.39, then the market can be a correction to 176.94
Recommendation: Sell
Daily Forecast
Pair: GBPJPY
Major Trend: Bullish
Time Frame: H1
Reason: At the opening today, the market has been rejected in the first support at 177.19 and just market rejected at the pivot point again at 177.48.
Recommendation: Buy
Camarilla pivot point calculation and prediction of daily prices on forex trading
R4 = 177.22
R3 = 177.51
R2 = 177.61
R1 = 177.71
S1 = 177.90
S2 = 178.00
S3 = 178.10
S4 = 178.39
PAIR = GBP/JPY
TIME= tuesday, april 07, 2015
IF BUY AT= 177.80
TP = 177.51
SL = 178.39
IF SELL AT= 177.61
TP = 178.10
SL = 177.22
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: There is a long shadow that touches the third resistance at 178.82, and the market is still returned for correction at 178.17. Furthermore, the market will go back to the third resistance.
Recommendation: Buy
"Considering the long-term since 2012, he had to pay the buyers of this pair of high Mstqr.ady in the economic situation in Japan to weaken the yen versus its major counterparts. Although the current situation of crude oil helps the yen JPY to gain some strength. Index shows OsMA and the Relative Strength Index RSI that the pair might be interesting too by the buyers. "
Up: Price penetrate the upper rib to form a rectangle levels at 178.25 and closing prices above
Is an opportunity to buy the objectives of up to 178.50 - 178.75
Down: the price remains below the top side of the rectangle model levels at 178.25 prices and trading underneath
Is the opportunity to sell the objectives of up to 178.00 - 177.75
Keep in mind that the breach of the current price of the resistance will cancel the negative perception and begin to form a mile upward price due to its stability again within the ascending channel Mmasatih that area to achieve the level of 180.00 and then arriving to the level of 181.30.
Trading Signal - 07/04/2015 - 10:00 (GMT +2)
Instrument: GBPJPY
Time : 60min CHART
Trend & Condition : Upwards Strong
A Medium Low probability, entry signal to go LONG was given at 177.95 after the market completed a bullish trend
reversal pattern. Only the downward break of 176.97 would cancel the bullish scenario.
Support & Resistances :
176.70 178.40
176.20 179.20
175.80 180.50
http://dl.dropbox.com/u/51561036/scr...408-014635.png
Camarilla pivot point calculation and prediction of daily prices on forex trading
R4 = 177.21
R3 = 177.62
R2 = 177.76
R1 = 177.90
S1 = 178.17
S2 = 178.31
S3 = 178.45
S4 = 178.86
PAIR = GBP/JPY
TIME= wednesday, april 08, 2015
IF BUY AT= 178.03
TP = 177.62
SL = 178.86
IF SELL AT= 177.76
TP = 178.45
SL = 177.21
daily overview for Gbp-Jpy
r3: 180.35
r2: 179.76
r1: 178.91
s1: 177.47
s2: 176.88
s3:176.03
the pair broke the channel to down
so our trade for the pair is sell
pair- gbp/jpy
time frame to analysis- m15
http://i60.tinypic.com/167l9nb.jpg
the up movement of the price has been moved to the resistance at 179.17 level and making doji patterns. the rsi is at the level 70 and showing strong overbought. if rsi is moving out and price break the 179.00 then short with profit target at 178.35 and stop loss at 179.43
good luck
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