Gbp/Jpy

[youssef213]

Dear as expected this pair making a strong bearish movement right after the news release yesterday......and the support line has been broke by yesterday move but becareful i think this pair is nearing the low and the major revesal will happen soon.....watchout at 129 - 128 area to enter long next week

[pritishahfx]

GBPJPY returns to attack the resistance- analysis- 24/2/2015

The GBPJPY pair rallied yesterday to the upside to notice its stability near the critical resistance level located at 184.00 level, we remind you that this resistance acts as a main obstacle against the bullish attempts in the upcoming period, which makes us monitor the price behavior for today to confirm the true trend in the upcoming period.

Note that breaching the resistance will open the way towards visiting 185.90 level, then reaching to 187.50 level, to cancel the intraday negative overview, which makes the price returns to settle within a new bullish level, while the stability of the resistance will force the price to form bearish waves to decline towards 182.60 level again.

Expected trading range is between 182.60 and 185.90.

Expected trend for today: neutral.

---------- Post added at 07:23 PM ---------- Previous post was at 06:31 PM ----------

GBP/JPY Technical Analysis: Flat-Lining Below 185.00 Figure

Talking Points:

• GBP/JPY Technical Strategy: Flat
• Support: 181.79, 180.84, 178.76
• Resistance: 184.27, 186.34, 187.79

The British Pound has stalled against the Japanese Yen, with prices oscillating in a narrow range below the 185.00 range. Near-term resistance is at 184.27, the 61.8% Fibonacci retracement, with a break above that on a daily closing basis exposing the 76.4% level at 186.34. Alternatively, a reversal below resistance-turned-support at 181.79 clears the way for a challenge of the 23.6% Fib expansion at 180.84.
Prices are too close to resistance to justify entering long from a risk/reward perspective. On the other hand, the absence of a defined bearish reversal signal suggests that taking up the short side is premature. With that in mind, we will remain flat for now.

[Gamabunta]

The pair trades rushed yesterday's bullish note stability around the pivot of the level of 184.00 resistance level, we recall that this resistance has long constituted a major obstacle to emerging attempts for the last period is what makes us so observe the pair for trading today to make sure the right direction for the coming period.

We note that the success of the price broke the resistance will open field in front of him to visit the level of 185.90 and then access to the level of 187.50 to cancel this negative perception intraday and back price stability within a rising level Jdid.oma if the stability of the resistance, the price will be forced to form a negative waves and down towards the level of 182.60 again.

Expected trading range between 182.60 and 185.90.

[pritishahfx]

GBP/JPY Daily Outlook

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

4H

Intraday bias in GBP/JPY stays neutral for the moment. Above 184.19 will bring further rise to 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 10:44 AM ---------- Previous post was at 08:39 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.

---------- Post added at 11:08 AM ---------- Previous post was at 10:44 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.

[KAUL]

analysis for today 2 / 24 / 2015

GBPJPY

Resistance : R1 184.31 R2 184.56 R3 184.76 R4 185.06
Support : S1 183.58 S2 183.33 S3 183.13 S4 182.83

Open : 183.60
High : 184.33
Low : 183.56
Range : .77 Pips
Running Price : 184.30

Strategy : BUY at the level 184.30 stop loss at the level 183.58 target take profit at the level 184.76 or at the level 185.06

[Shivam]

Here is my outlook on GBPJPY.
The price is testing verified resistance and expected to hit support which is at 182, IMO price is aiming at 182 and any break below the support zone will open the doors for 177-176.

[fxfibo]

On the h4 the price consolidated inside a box. We are expecting a trendy move by getting it above and out of the box.

http://analysis2014.blogspot.com/

[pritishahfx]

GBPJPY fluctuates below the resistance- analysis- 23/2/2015

The GBPJPY continued to provide clear negativity by holding below 184.00 level, which formed the main obstacle against the bullish attempts, we notice that stochastic begin to form bearish wave to support the domination of the negativity on the price to expect reaching 182.60 level, the trading will extend towards testing the moving average located at 180.45.

Expected trading range is between 182.60 and 184.00

Expected trend for today: bearish.

[Gamabunta]

The pair continued to provide clear negative trades below the level of 184.00, which form the main obstacle to emerging attempts, we note the start of the formation of the stochastic to prompt negative supports so surrender price to control the negative and we expect his arrival to the level of 182.60 and breaching the previous level will extend trading about test SMA and stable around 180.45.

Expected trading range between 182.60 and 184.00.

The tendency for this year is expected today: Down steadily resistance.

[ducd3vaizo]

Daily Forecast

Pair: GBPJPY
Major Trend: Bullish
Time Frame: H1
Reason: RSI has to break above the line 50. For the moment the market is still heading to the 183.59 area, or will be directly penetrate 184.06
Recommendation: Buy