Gbp/Jpy

[hymoi]

daily overview for Gbp-Jpy
r3: 179.88
r2: 178.20
r1: 177.02
s1: 175.16
s2: 174.48
s3: 173.30
the pair can not break the support to down
so our trade for the pair is buy

[fatdog]

the pair has closed under 175.81, that's mean the down trend is expected and the pair might head to 165.50 then 165.00 , however the pair made a hourly correction

[fatdog]

While there could be some very short-term bounce from here, a reversal is not likely in a risk-off environment, which is opening up deep and wide right now.

[John202]

GBP JPY dropped so far nearly 160 points in light of the strong decline in the GBP USD.
Where the pair manages to break today, who is 176.70 and support is currently trading below arrived
Protein content of central support around 175.70 price line and it is currently trading.

As the tail of the lowest support resides on 175.50 so we think it the status of trading stability and closures
175.50 will come back to the top of the rise again, but the situation has been broken this 3 Artkazat central support
And closed the day below will result in the suicide of the pair down.

[hymoi]

daily overview for Gbp-Jpy
r3: 180.58
r2: 179.59
r1: 178.60
s1: 176.62
s2: 175.86
s3: 174.64
the pair broke the channel down
so our trade for the pair is sell

[horfx]

The price of the pair renewed positive attempts to break through resistance at 178.40 note recorded to the level of 179.30 and provides closing price reached a positive above the broken level, we note that the positive confirmation will need the price to bypass the axis of the SMA 55 and centered at 180.10 to open the way to score more goals starting from 181.35.

---------- Post added 04-10-2015 at 02:43 PM ---------- Previous post was 04-09-2015 at 07:08 PM ----------

The price of the pair gave a mixed trading during the day yesterday and appears not influenced by the level of 178.40, which has long been an impediment to the emerging attempts, currently observe the formation of the price performance of the router to achieve through which the level of 177.30 and re-price the downside of a mile from the new, so expect the formation of the price of a mile wobbling New noting that continuation of the negative pressure may be able to touch the pivotal support at 175.80 and stable.

[Gamabunta]

New price pair of positive attempts to break through resistance at 178.40 note recorded to the level of 179.30 and provides closing price reached a positive above the broken level, we note that the positive confirmation will need the price to bypass the axis of the SMA 55 and centered at 180.10 to open the way to score more goals starting from 181.35.

From the above, we will take a bullish bias for the day, but beware of trying to drop the price again without unresolved broken, which will bring the price of the negative fluctuation which conflicts with the rising expectation for the day, Stochastic attempts to provide Bagturabh level of 80 positive support to allow the opportunity for price to resume positive and projected earlier attempts .

Expected trading range between 178.30 and 181.35.

[hymoi]

daily overview for Gbp-Jpy
r3: 181.00
r2: 180.14
r1: 179.35
s1: 177.70
s2: 176.84
s3: 176.05
the pair can not break the support to down
so our trade for the pair is buy

[ducd3vaizo]

Daily Forecast

Major Trend: Bullish
Time Frame: H1
Reason: Market looks unable to continue upward when viewed from the stochastic. Chances market will correction to the first support at 177.86
Recommendation: Sell

[horfx]

Stochastic supports the negative control and falling toward the 20 level in turn supports the acquisition price of the negative torque required to achieve the previously stated goals.
Expected trading range between 178.40 and 175.80.