Expected trading range for the day between 126.10 and 128.80
General tendency: UP as 124.60 remains intact
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Expected trading range for the day between 126.10 and 128.80
General tendency: UP as 124.60 remains intact
Elliott: elongated flat correction down 125.20
Warning: Engulfing pattern
Technical points
Key point 125.8100
Entry point 126.2200
Elliott 126.6400
Closing 125.9800
Projection 125.6800
Trendline 126.2100
Trendline 126.2100
Supports / Resistances
Res 2 127.0600
Ex-High 126.6400
Res 1 126.5200
Pivot 126.1000
Sup 1 125.5600
Ex-Low 125.6800
Sup 2 125.1400
The couple began to file the first signs of a turn to the north, was formed on the hourly chart buy signal (the pair broke the sliding alligator) also took the sample resistance 126.50, now have to wait for a good point to buy, there is potential for growth.
gbp/usd technical analysis by using : average directional movement index
adx : 39.0671
+di : 21.9781
-di : 9.6085
timeframe : 1 hour
time : 1400
date : 14-11-2012
http://img834.imageshack.us/img834/1889/imageia.gif
Pair is trading at price fell yesterday to come in contact with the average support level mentioned about 125.75 is then directed to resume the bullish tendency rookie year.
Price settled above the moving average level down to the level of 127.00 almost expect further upside down to 128.80 in the event of price stability above average support level.
Overall price is still trading above the key support level 124.60.
Stochastic is trying to get rid of the level of saturation positive sales for the renewal in the near and medium
Pair is trading at price fell yesterday to come in contact with the average support level mentioned about 125.75 is then directed to resume the bullish tendency for the price, a bullish tendency.
Gbp/jpy technical analysis for 15.11.2012 by using : Auto pivot indicator.
resistance 3:129.31
resistance 2:128.42
resistance 1:127.77
pivot point :126.88
support 1:126.23
support 2:125.34
support 3:124.69
GBPJPY has been rejected by the resistance level at 127.39. But I think the up trend still strong enough. So, GBPJPY may tries to touch that resistance level again. Then, if GBPJPY can break that resistance, this pair may continue going up to the next resistance level at around 128.11
Elliott: flat correction up 128.06
Current rise seems to be over near 127.32 or 127.76 for a retracement towards 126.87 - 126.55 area.
Warning: Imminent end of bullish move
Technical points
Key point 127.4900
Entry point 126.7000
Elliott 125.6800
Closing 127.1200
Projection 127.6400
Trendline 125.9800
Trendline 126.2800
Supports / Resistances
Res 2 128.4000
Ex-High 127.5100
Res 1 127.7600
Pivot 126.8700
Sup 1 126.2300
Ex-Low 125.9800
Sup 2 125.3400
Over the last few hours a couple of strong convergence to the north - after such movements typically have a high probability of correction, but that the rate is approaching the resistance of 128.60, I think of it be correct to expect the beginning of the South, as is already evident near stop and 5 minute chart double tip is formed.