Gbp/Jpy

[ducd3vaizo]

Daily Forecast

Pair: GBPJPY
Major Trend: Bearish
Time Frame: H1
Reason: Market tidaka daily can be a correction in the first resistance at 180.26, and has been rejected in the daily pivot point at 179.30, then the market will lead to 178.34
Recommendation: Sell

[hors]

the GBPJPY; however, descending trend-line resistance, stretched from late December, together with the 3.6% Fibonacci Retracement of its October � December up-move, near 183.60, restricts near-term up-move of the pair. Comparatively stronger GBP suggests more of the up-move towards testing 186 and the horizontal line resistance of 187.50. On the break of 186.50 the pair is more likely to rally towards testing 190 mark. On the downside, a break of 182.10 is closely followed by the 38.2% Fibonacci support of 180.40, breaking which the pair declines to 179.20 and the 178.80, including 50% Fibo. An extended decline below 177.80 could make the pair test 61.8% Fibo, near 174.30 support.

[ducd3vaizo]

Daily Forecast

Pair: GBPJPY
Major Trend: Bearish
Time Frame: H1
Reason: Market still going upward correction at 180.20, before falling over ajuh to 179.22. Prediction due Bollinger bands indicator widened.
Recommendation: Sell

[d5358]

The daily chart is negative-biased as the MACD is bearish, stochastics stays suppressed at oversold levels. Five- and 15-day moving averages are declining.

[kelvin566]

the market is in uprising channel at the moment it retrace its uptrend movment and it is trading near the the down part of the channel the main thecnical indicator still showing that the correction is not yet over so the market will continu to the support at 178.44 the main resistance at wich we canshort is at 181.28 the main trend for today is downtrend support at 180.60 if booken the next support is at 178.44 the resistance level is at 181.28

[pritishahfx]

GBPJPY returns to the support line

The GBPJPY pair couldn’t settle around the sideways range resistance to be affected by some negative pressure and turn back to trade near the sideways range support at 181.30, and the continuous negative momentum that comes from stochastic will allow the price to break the current support and the next four hours close will be waited to confirm the negativity then heading towards 180.00 and 178.80 targets.

Expected trading range for today is between: 181.85 and 180.00

Expected trend for today: Bearish

[d5358]

GBP/JPY is trading below its pivot point. It is likely to trade in a lower range as far as it remains below the pivot point. Short positions are recommended with the first target at 180.15. A break of that target will move the pair further downwards to 179.50. The pivot point stands at 181.75. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, a long position is recommended with the first target at 180.15 and the second target at 179.50.

[pritishahfx]

GBP/JPY Tradertip Technical Report and Forecast for Thursday 12 March 2015

Market should pop up towards 182.27 or 182.76 this bullish scenario would be damaged if 181.09 - 180.40 zone is broken, a severe break down could then occur.

---------- Post added 03-13-2015 at 05:47 AM ---------- Previous post was 03-12-2015 at 03:05 PM ----------

GBP/JPY Tradertip Technical Report and Forecast for Friday 13 February 2015

Corrective dips should ideally halt near 182.17 or 181.50 for one more thrust upwards towards 183.71 - 184.58 area or 185.92 in extention. Fall below 179.76 puts it back on a downward path.

[ducd3vaizo]

Daily Forecast

Pair: GBPJPY
Major Trend: Bearish
Time Frame: H1
Reason: Market still be a correction in the range of 182.10, or 182.62 if the market is still strong. After that will come down to support 180.83
Recommendation: Sell limit in 182.10

[pritishahfx]

100-day SMA, presently at 182.10, continue providing strong support to the GBPJPY; however, descending trend-line resistance, stretched from late December, together with the 3.6% Fibonacci Retracement of its October – December up-move, near 184.60, restricts near-term up-move of the pair. Comparatively stronger GBP suggests more of the up-move towards testing 186 and the horizontal line resistance of 187.50. On the break of 187.50 the pair is more likely to rally towards testing 190 mark. On the downside, a break of 182.10 is closely followed by the 38.2% Fibonacci support of 181.40, breaking which the pair declines to 179.20 and the 178.80, including 50% Fibo. An extended decline below 178.80 could make the pair test 61.8% Fibo, near 176.30 support.