Gbp/Jpy

[caius]

Daily technical analysis for GBPJPY 05-05-2014
GBPJPY looks more likely that it would rise to 173.20 - 173.89 from 172.46 or 172.11. After which a downside move is expected.

Key Point 172.10
Entry Point 172.79
Trendline 1 172.80
Trendline 2 172.80

Support 1 172.11 Support 2 171.71
Resistance 1 173.20 Resistance 2 173.89

[Brijesh]

According to my GBPJPY chart Analysis, The pair is at its support.. RSI is oversold.

Recommendation:

Buy GBPJPY at 171.90-172 TP1 172.15 TP2 172.30 TP3 172.50 SL 171.50

*Trade at on risk..

[roobin54]

On the H4 chart, we are seeing a wedge pattern. The ground will be ready for a drop by having 172.0 area broken below.

http://forex-fa14.blogspot.de/

[mianli123]

GBP/JPY day: downward inversion.
Turning point: 173.45
Trading strategy: put under 173.45, the target price, 172.1, and 171.75.
Alternative strategies: bullish, in 173.45, the target price set at 174, then 174.25.
Technical comments: RSI technology index bearish, further decline in space.

[gjbanget]

hammer price ko upar jane ke liye signal dita, lekin idar H1 chart me hammer form hua ta ise liye 50-60 pips upar ja sakta hai, ise hamer dina ka ya 4 ganta ka chart me mila to jada pips kama sakta hai. and the support line has been broke by yesterday move but becareful i think this pair is nearing the low and the major revesal will happen soon.....watchout at 129 - 128 area to enter long next week

[caius]

Weekly technical analysis for GBPJPY
GBPJPY strength can extend to 173.58 as declines are expected to find support at 171.89. A fall below 171.36 could turn it bearish.

Key Point 172.66
Entry Point 171.96
Trendline 1 172.23
Trendline 2 172.23

Support 1 171.36 Support 2 170.20
Resistance 1 173.58 Resistance 2 174.64

[Bieela]

Daily analysis for GBPJPY
gbpjpy impulse wave up 173.74, lower, new daily low close to first daily support 172.52

Elliott 171.95
Closing 172.86
Ex-Low 172.39
Ex-High 172.94

Support 1 172.53
Support 2 172.18
Resistance 1 173.08
Resistance 2 173.29

[edmar6969]

Trading Signal - 02/05/2014 - 10:00 GMT +3
Instrument: GBPJPY
60min CHART
Upwards Strong
A Medium probability, entry signal to go LONG was given at 173.00 after the market found support at 172.60.
Only the downward break of 172.60 would cancel the bullish scenario.
Support & Resistances
172.80 173.30
172.60 173.70
172.40 173.90

[caius]

Daily technical analysis for GBPJPY 02-05-2014
GBPJPY should trade lower to 172.52. Resistances are at 173.07 and 173.28. A break of 173.61 is bullish, confirmed by a close above 173.24.

Key Point 173.11
Entry Point 172.86
Trendline 1 172.39
Trendline 2 172.84

Support 1 172.52 Support 2 172.19
Resistance 1 173.07 Resistance 2 173.28

[BURHANFX]

analysis for today 5 / 2 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 172.39
Retracement (50%) 172.17
retracement (61,8%) 171.95

Extensions (61.8%) 174.25
Extensions (100.0%) 174.96
Extensions (138.2%) 175.67
Extensions (161.8%) 176.11
calculation based on a Fibonacci retracement then today I choose buy