Gbp/Jpy

[Gamabunta]

I think that we can get in short position because of the resistance level at 177.02 with take profit at 176.52.

[John202]

Japanese Yen widely Asian market rose on Thursday against a basket of major currencies, its highest level in five weeks against the US dollar in the context of low risk appetite and accelerated buy the yen as a safe haven operations, and the pound rose for the second day in a row ahead of retail sales for the month of February data and boosted the euro from rising in the wake of the positive statements issued in Europe, which increased from signs of recovery in the European economy, and the US dollar index was down ahead of unemployment and the service sector claims data and talk Lockhart a monetary policy makers Federal Reserve.

[hors]

the pair has closed under 176.89, that's mean the down trend is expected and the pair might head to 175.20 then 1 , however the pair made a hourly correction

[ng1985]

pair- gbp/jpy
time frame to analysis- m15



the major trend of the price is in down side and its making correction from the 176.50 level and moved to the fibo 50 level at 177.40 level. if this up movement is break the higher resistance 177.70 then long with profit target at 178.35 and stop loss at 176.53
good luck

[Gamabunta]

March 26, 2015 update:

The price of the pair moves starting wave (180.10) It is noted that the limits of the line the main direction drawn to this wave along the between-level (177.54) and (178.37 is worth mentioning that the current wave goal access to the area (177.16) and with respect to trades that day will be watching the movement Price among level (177.50) and level (177.76) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (177.55) 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 (178.38) 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 (177.49) - the second support (177.11) - First resistance (178.32) - a second resistance (178.76).

[kelvin566]

the pair us in down trend but it has entred in a zone of accumulation distribution so if the price can not brok the support level at 176.59 it may go on a side ways movment for a little bit of time the daily forcast of today is bear market and daily pivot level is at 177.88 the daily resistance level are at 178.25 , 179.08 the daily support level are at 177.05 , 176.59

[Mcmoney]

I think the GBP is in a Big correction and will move up and this for a longer Time and then maybe it will move Down or maybe it will Break the up Trend and New up Trend is Born. But i think it wont goes Down!

[hors]

Market setbacks have been very well supported on dips below 177.79 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 180.00

[ducd3vaizo]

Daily Forecast

Pair: GBPJPY
Major Trend: sideways
Time Frame: H1
Reason: Market has been rejected at 178.16, which is then predicted to retest the first support at 177.52
Recommendation: Sell

[Gamabunta]

The price of the pair affected by the pressures of negative and clear during yesterday's trading to note touching support for the ascending channel again at 177.50, continuing the negative pressure may be the price of achieving break the current support and then influenced by new negative trades to support the arrival of the level of 175.80.

It should be noted that the 175.80 level will be neckline summits, which will increase the downward pressure on the price and supports the downside bias control for the next period, so I recommend observing the pair for the day until the confirmation of the negative control and to avoid unexpected volatility.

Expected trading range between 178.45 and 175.80.