Gbp/Jpy

Gbp/jpy technical analysis for 24.10.2012 by using : Auto pivot indicator.

resistance 3:129.34
resistance 2:128.77
resistance 1:128.09

pivot point :127.52

support 1:126.83
support 2:126.26
support 3:125.58

price is still difficult to penetrate daily pivot point (127.44). price fail to continue up movement, but up trend in short and medium term can affect price to go up again. stochastic signal in if m15 also confirmed in oversold area that indicates price can rise again.

I think GBPJPY is trying to reach the resistance level at 127.39 now. Then, if GBPJPY can break that resistance level, this pair may goes up to the next resistance level at 128.11. But if fail to break, I think GBPJPY will continue falling to the support level at 126.71 or lower.

Simple analysis of the GBP / JPY, Wednesday, October 24, 2012
In time frame 1 H, MACD and sell AO still in the area, while the WMA 50 and 100, there are no symptoms for the cross down. This shows that the pair GBP / JPY tends to move bearish, with the first destination is the price of 126.76 (support 1), and the second destination is 126.65 (lowest price on October 22, 2012). Good luck .............

GBPJPY still struggling across the 127.46/52 resistance. If successful the following target 127.70 through 127.52 and 127.94/128.00. crucial resistance at 128.16/25 level. If 127.46/52 persist and prices continue to fall through the 127.14 and 127.00, the bearish trend of increasingly strict with the nearest target 128.69. Support follows, 128.30

http://i49.tinypic.com/28h0py0.gif

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 125.70 and key resistance at 129.05. Based upon my chart analysis, I prefer to buying the pair above 127.80 with targets 128.40, 129.05 then 129.75 and stoploss with four hour candle closing below 126.15.

GBPJPY still struggling across the 127.46/52 resistance. If successful the following target 127.70 through 127.52 and 127.94/128.00.
crucial resistance at 128.16/25 level. If 127.46/52 persist and prices continue to fall through the 127.14 and 127.00,
the bearish trend of increasingly strict with the nearest target 128.69. Support follows, 128.30

nicetime to do a sell order at the area at this time, because of the possibility of a reversal will happen tomorrow as well to get down to the very strong.GBPJPY sell with a target of 50 pips, the price should be able to go back down, if the weekly trend to remain valid in an downtrend

GBPJPY still struggling break 127.46/52 resistance. If successful the following target 127.70 through 127.52 and 127.94/128.00.

gbp/jpy technical analysis by using : average directional movement index

adx : 24.2666
+di : 19.9581
-di : 12.5807
timeframe : 1 hour

time : 2000
date : 24.10.2012