Gbp/Jpy

[pritishahfx]

GBP/JPY Daily Outlook

Daily Pivots: (S1) 183.83; (P) 184.24; (R1) 184.97

4H

The rebound from 175.94 is still in progress and would extend. But we'd expect strong resistance from 187.79/189.70 resistance zone to bring reversal. Meanwhile, below 181.04 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 06:56 PM ---------- Previous post was at 06:19 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.

[ng1985]

pair- gbp/jpy
time frame to analysis- m15



the price is falling to the fibo support at 50 level at the price 184.23 level. the rsi is also moving up side from the oversold level 30. long with the stop loss at 184.15 and profit target at 184.70
good luck

[Gamabunta]

the price make a new positive prompt trades yesterday to give us a closing price positive above the level of 184.00 thus achieving the level of 185.00, the foregoing and steady price above the level of 184.00 will make us tipping upside bias control and note to the stability of the initial target around 185.90, while continuing high price would open the way for him to get around 187.75 level during the coming period.

What supports the likely rookie Union key indicators with each other to form a stochastic trying to prompt a rising instability from which the purchase within the saturation level and supports the acquisition price for the determination of the desired positive.

Expected trading range between 183.80 and 185.90.

[ducd3vaizo]

Daily Forecast

Pair: GBPJPY
Major Trend: Bearish
Time Frame: H1
Reason: The RSI indicator has broken through the line 50 to the bottom. Currently the market is still going corrections to fibo 61.8, the target for today was at 183.80
Recommendation: Sell now

[Gamabunta]

The pair tried to get out within the rookie-level breaking through the 184.00 level, but we note submitted to close the negative price without previous resistance. Price would be currently in a state of instability due to the provision of key indicators for the determination of the upside while still stable without major resistance.

From the above and to avoid any unexpected price volatility, advised to wait for the price to close the offer price positive for the next four hours above the resistance and then wait for the arrival of the level of 185.90 then 187.75.

Expected trading range between 182.60 and 185.90.

[ducd3vaizo]

Daily Forecast

Pair: GBPJPY
Major Trend: Bullish
Time Frame: H1
Reason: Market has been rejected in the first resistance at 184 536, and also the market has been rejected at the 61.8 fibo which also serves as a pivot point at 184.04. Furthermore, predicted the market would be to 184.82
Recommendation: Buy

[Bieela]

GBPJPY until later USD market opening will continue to rise up to the level of r2 will be more than that, it is because the moving average indicator and stoch already did confirm that indicates that the movement is strong enough. And the slow lorises will rise to exceed that price. Use proper TP and SL

[KAUL]

analysis for today 2 / 25 / 2015

GBPJPY

Resistance : R1 184.26 R2 184.51 R3 184.71 R4 185.01
Support : S1 183.15 S2 182.90 S3 182.70 S4 182.40

Open : 183.82
High : 183.90
Low : 183.51
Range : .39 Pips
Running Price : 183.63

Strategy : BUY at the level 183.63 stop loss at the level 183.15 target take profit at the level 184.71 or at the level 185.01

[imrankhalid954]

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[pritishahfx]

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 182.80; (P) 183.40; (R1) 184.21

4H

GBP/JPY's rebound from 175.49 resumes by taking out 184.19 and reaches as high as 184.85 so far. Intraday bias is back on the upside for 187.79/189.70 resistance zone. We'd expect strong resistance from there to bring reversal. Meanwhile, below 181.04 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 03:51 AM ---------- Previous post was at 03:08 AM ----------

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.