Gbp/Jpy

[pritishahfx]

GBPJPY begins to decline- analysis- 5/3/2015

The GBPJPY confirmed its affection by the dominant negativity by providing negative closes below the broken support at 183.80 to notice its stability currently below the moving average level, which represents the initial target for the negative attempts, and we expect the continuation of forming bearish waves in the near and medium period, to extend the trading towards achieving 181.50 level, which will open the way towards hitting 178.84 level.

Stochastic returns to settle within the oversold level, to confirm the dominated negativity on the upcoming trading, to provide the required negative momentum for achieving the previously expected targets.

Expected trading range is between 183.45 and 181.50

Expected trend for today: bearish

[kelvin566]

the market is on correction phase it constitute a gartely pattren of ab=cd the bearish are on the rend and by analyzing the candel we can see that there is an englufing pattren
first support 176.45 next 171.30
the england bank does not seam to change its policy yet

[pritishahfx]

GBP/JPY Daily Outlook

Daily Pivots: (S1) 182.15; (P) 183.06; (R1) 183.62

Intraday bias in GBP/JPY is neutral for the moment. With 181.65 minor support intact, further rally is in favor for 187.79/189.70 resistance zone. We'd expect strong resistance from there to bring reversal. Meanwhile, below 181.65 minor support will suggest that rise from 175.49 has completed and will turn bias back to the downside for this support.

---------- Post added at 11:45 AM ---------- Previous post was at 10:18 AM ----------

In the bigger picture, the up trend from 116.83 is starting to lose medium term momentum again with bearish divergence condition seen in weekly MACD. Medium term top could be around the corner, if not formed. Break of 168.01 support will confirm this bearish case and bring deeper correction. Though, as long as 168.01 holds, the up trend could still extend to 61.8% retracement of 251.09 to 116.83 at 199.80, which is close to 200 psychological level.

[Bieela]

GBPJPY likely to have a bullish trend to follow the direction of the trend that is continuing in some other pair. Because this is due to the weakening of the JPY in Asian session earlier. Thus you can buy now with TP and SL in accordance with your MM.

[pritishahfx]

GBP/JPY Daily Outlook

Daily Pivots: (S1) 183.46; (P) 184.08; (R1) 184.52

4H

With 181.65 minor support intact, further rally is expected in GBP/JPY for 187.79/189.70 resistance zone. We'd expect strong resistance from there to bring reversal. Meanwhile, below 181.65 minor support will suggest that rise from 175.49 has completed and will turn bias back to the downside for this support.

---------- Post added at 03:59 PM ---------- Previous post was at 03:33 PM ----------

D1

In the bigger picture, the up trend from 116.83 is starting to lose medium term momentum again with bearish divergence condition seen in weekly MACD. Medium term top could be around the corner, if not formed. Break of 168.01 support will confirm this bearish case and bring deeper correction. Though, as long as 168.01 holds, the up trend could still extend to 61.8% retracement of 251.09 to 116.83 at 199.80, which is close to 200 psychological level.

---------- Post added 03-05-2015 at 03:50 AM ---------- Previous post was 03-04-2015 at 03:59 PM ----------

GBP/JPY Technical Analysis: Waiting for Clear-Cut Breakout

Talking Points:

• GBP/JPY Technical Strategy: Flat
• Support: 183.70, 182.92, 181.79
• Resistance: 184.97, 186.00, 187.03

The British Pound remains in consolidation mode below the 185.00 figure against the Japanese Yen as prices await the next directional trigger. Near-term resistance is at 184.97, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 186.00. Alternatively, a reversal below the 23.6% Fib at 183.70 clears the way for a challenge of the 14.6% expansion at 182.92.
Risk/reward considerations argue against entering short with prices in close proximity to support. On the other hand, the absence of a defined bullish reversal signal suggests taking up the long side is premature. We will remain flat for now, waiting for a more actionable opportunity to present itself.

[ng1985]

pair- gbp/jpy
time frame to analysis- m15



the price is continue in the down trend side. its break the daily support at 183.45 level and making correction but agian in the major trend side. the price making doji pattern. hold the short entry with stop loss at 183.70 and profit target at 183.00
good luck

[pritishahfx]

GBP/JPY Daily Outlook

Daily Pivots: (S1) 184.16; (P) 184.53; (R1) 184.92

4H

With 181.65 minor support intact, further rally is expected in GBP/JPY for 187.79/189.70 resistance zone. We'd expect strong resistance from there to bring reversal. Meanwhile, below 181.65 minor support will suggest that rise from 175.49 has completed and will turn bias back to the downside for this support.

---------- Post added 03-04-2015 at 08:06 AM ---------- Previous post was 03-03-2015 at 12:43 PM ----------

GBPJPY tightens its track- analysis- 3/3/2015

The GBPJPY remains stable within the ascending triangle levels to tighten its current track due to the initial resistance at 185.30, while the support level rises to settle at 183.80, noting that the major indicators remains contradicted, which makes us wait for surpassing one of the previous levels then detecting the true trend in the upcoming period.

We should mention that the price attempt to break the initial support level will make us delay the bullish overview, which opens the way towards forming some bearish waves, to test the moving average located at 192.80, while the stability of the support will force the price to form a positive rebound, and that allows it to rally towards hitting 185.30 level, to wait for achieving the required breach in the previous report.

Expected trading range is between 183.80 and 185.30

Expected trend for today: neutral.

[edmar6969]

Trading Signal - 03/03/2015 - 10:00 (GMT +2)
Instrument: GBPJPY
Time : 60min CHART
Trend & Condition : Upwards Weak
A Medium High probability, entry signal to go LONG was given at 183.90 after the market found support at 183.50. Only the
downward break of 183.50 would cancel the bullish scenario and take us SHORT.
Support & Resistances :
183.60 185.00
182.80 185.60
182.40 186.60

[ng1985]

pair- gbp/jpy
time frame to analysis- m15



the down movement of the price is having strong support at the 183.90 level and upper side the price 184.20 is rejecting up movement. if this break resistance then long with profit target at 184.60 and stop loss at the 183.70
good luck

[pritishahfx]

GBPJPY attempts to get rid of the negative effect – Analysis – 2/3/2015

The GBPJPY pair settled above 183.30 on last Friday to attempt to cancel the negative effect of the bullish triangle and we notice its close around 184.60, while we need to breach 185.30 level to confirm the bullish bias stability and open the way towards some positive targets starting at 185.90 then 187.70.

Therefore, we recommend being neutral and wait to achieve the required breach followed by reaching the mentioned targets.

Expected trading range for today is between: 183.75 and 185.90

Expected trend for today: Neutral

---------- Post added at 07:36 PM ---------- Previous post was at 05:27 PM ----------

GBP/JPY Technical Analysis: Digesting Below 185.00 Figure

Talking Points:

• GBP/JPY Technical Strategy: Flat
• Support: 183.70, 182.92, 181.79
• Resistance: 184.97, 186.00, 187.03

The British Pound remains in consolidation mode below the 185.00 figure against the Japanese Yen as prices await the next directional trigger. Near-term resistance is at 184.97, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 186.00. Alternatively, a reversal below the 23.6% Fib at 183.70 clears the way for a challenge of the 14.6% expansion at 182.92.
Risk/reward considerations argue against entering long with prices in close proximity to resistance. On the other hand, the absence of a defined bearish reversal signal suggests taking up the short side is premature. We will remain flat for now, waiting for a more actionable opportunity to present itself.