Gbp/Jpy

[Gamabunta]

March 30, 2015 update:

The price of the pair moves starting wave (176.49) It is noted that the limits of the line the main direction drawn to this wave along the between-level (176.94) and (176.71 is worth mentioning that the current wave goal access to the area (177.87) and with respect to trades that day will be watching the movement Price among level (177.36) and level (177.07) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (176.71) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (177.94) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (176.73) - the second support (176.11) - First resistance (177.95) - a second resistance (178.55).

[ducd3vaizo]

Daily Forecast

Pair: GBPJPY
Major Trend: Bearish
Time Frame: H1
Reason: Still reject at 176.78. If the market has reached a pivot point at 177.25, then predicted the market would retest the resistance at 177.72
Recommendation: Buy

[kelvin566]

the hourly time frame shows that the market is in accumulation distribution phasis , the pair is trading between the resistance level at 177.822 and the support level at 176.599 thedaily pivot level is at 177.249 and the daily resistance level are at 177.822 ,178.472 , 179.045
the daily support level are at 176.599176.026 the main thecnical indicators on the hourly time frame shows divergence

[hors]

we can notice from the chart that the pair has closed under 177.57 , that's mean the down trend is expected and the pair might head to 176.57 then 176.00 , however the pair made a hourly correction

[kelvin566]

the main tren is bullish but fro mid july 2014 the market is in retracment phasis it is relasing ab=cd pattren this pattren is at it end but the uptrend is no in yet so in the next week the price will continu to be under the pressur of the minor down trend the major support is at 173.518 and the major resistance is at 191 the thecnical indicator still bearish at the daily time frame the weekly pivot level is at 179.185

[hors]

Market setbacks have been very well supported on dips below 177.15 and we look for the formation of a fresh medium-term higher low around the psychological barrier ahead of the next major upside extension back towards and eventually through 175.15

[John202]

Markets witnessed yesterday from Britain issuance of monthly retail sales results, which recorded a rise of 0.7%, better than expectations, which were monitored to rise by only 0.4% were also modified the previous reading numbers to record a rise of 0.1% instead of falling 0.3% monthly level of the past, also issued Industrial Sales Index, which recorded a rise of 1 to 18 on the monthly level better than expectations, which had been monitoring a rise to 16 at the same level
On the other side of the Japanese economy released this morning during the Asian trading the national CPI index core its value to decline by 2.0% and is forecast to rise by 2.1% on a yearly basis, and was also issued for the CPI in Tokyo basic its value constant by 2.2% as expectations At the same time the unemployment rate was issued and came as it was forecast to decline by 3.5%
Technically: could yen GBP stability lows uptrend broken more than a candle on with a Gartley pair attempts formed. Therefore, we expect the continuation of landing on the pair even support 175.50 levels, which in the case of crumb and close below expect the pace bearish for the pair to target the 170.00 level in the long average.

[Gamabunta]

Made a pair price closing price reached a negative below the broken support at 177.50 to assure us that influenced Balstirh negative for the next period, so we will keep waiting for the price reaches first target at 175.80 and that breaching it will be a price Peaks model as we mentioned earlier and begin targeting new negative levels starting from 173.25 down to the level of 170.95 .

Stochastic continue negative support pledged for the determination of a new negative and in line with the former expected to remain waiting to achieve the expected goals.

Expected trading range between 177.70 and 175.80.

[dexgotastra]

I have posted my analysis yesterday due to a slow Internet connection problems. You can do the analysis by installing just as it is in the Daily FIBO. I Buy in 0886 and the SL level above the 100 level.

[hors]

GBP/JPY remains on the downside for a test on 177.56 support first. Break there will confirm resumption of the whole fall from 176.56 and should 177.56 support next. On the upside, above 176.56 minor resistance will turn bias neutral for gbp/jpy