Gbp/Jpy

[MurdoFast]

Forex Trading Today
Pair = GBPJPY
Date = Monday, 02.16.2015
Fibonacci Pivot point Result
Resistance 3 = 183.77
Resistance 2 = 183.44
Resistance 1 = 183.23
Pivot point = 182.90
Support 1 = 182.57
Support 2 = 182.36
Support 3 = 182.03

[d5358]

With 180.15 minor support intact, rebound from 175.49 is in favor to extend higher to 187.79/189.70 resistance zone. We'd expect strong resistance from there to bring reversal. Meanwhile, below 180.15 minor support will turn bias back to the downside for 175.49.

[pritishahfx]

GBPJPY is stable- analysis- 16/2/2015

The GBPJPY pair provided a clear sideways bias, affected by the continuation of the stability of 184.00 level, to form a main resistance against the bullish attempts, the stability of the price above the moving average 55 makes us keep suggesting the bullish bias domination in the upcoming period, to wait for breaching the previously resistance to open the way towards targeting more targets starting at 187.30 reaching to the psychological barrier at 190.00.

Stochastic attempts to form a bearish wave to support the sideways fluctuation in the near period until gathering the required momentum, then achieving the required breach to confirm reaching the previously suggested targets.

Expected trading range is between 182.20 and 184.00

Expected trend for today: sideways until achieving the required breach.

[KAUL]

analysis for today 2 / 16 / 2015

GBPJPY

Resistance : R1 183.29 R2 183.54 R3 183.74 R4 184.04
Support : S1 182.32 S2 182.07 S3 181.87 S4 181.57

Open : 182.76
High : 183.07
Low : 182.54
Range : .53 Pips
Running Price : 182.83

Strategy : SELL at the level 182.83 stop loss at the level 183.29 target take profit at the level 181.87 or at the level 181.57

[pritishahfx]

GBP/JPY Weekly Outlook

4H

GBP/JPY rebounded strongly last week and the development suggest that pull back from 189.70 has completed at 175.49 already. Initial bias remains mildly on the upside this week for 187.79/189.70 resistance zone. We'd expect strong resistance from there to bring reversal. Meanwhile, below 180.15 minor support will turn bias back to the downside for 175.49.

---------- Post added at 05:13 PM ---------- Previous post was at 03:41 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 05:26 PM ---------- Previous post was at 05:13 PM ----------

Weekly

In the longer term picture, the up trend from 116.83 long term bottom is still in progress. Current rise could likely at lease have a test on 61.8% retracement of 251.09 to 116.83 at 199.80 in medium term. Break of 168.01 will bring deeper correction first.

---------- Post added 02-16-2015 at 03:39 AM ---------- Previous post was 02-15-2015 at 05:26 PM ----------

GBP/JPY Technical Analysis: Key Trend Line Caps Advance

Talking Points:

• GBP/JPY Technical Strategy: Flat
• Support: 182.36, 181.26, 179.46
• Resistance: 183.51, 184.88, 187.79

The British Pound recoiled from trend line resistance capping the currency against the Japanese Yen since early December. Near-term support is at 182.36, the 14.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the 23.6% level at 181.26. Alternatively, a reversal above trend line resistance at 183.51 clears the way for a challenge of the 76.4% Fib retracement at 184.88.
Prices are wedged too closely between near-term support and resistance levels to justify taking a trade on a long or short side from a risk/reward perspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.

[Gamabunta]

I think that next week we will have a downside mouvement that's why I think that we can get in shot position because of the red trendline decree below with take profit at 175.85.

[pritishahfx]

GBPJPY to show some sideways fluctuation � Analysis � 13/2/2015

The 184.00 level continued to form strong obstacle against the bullish attempts for GBPJPY pair, to notice forming sideways bias and holding above 182.20, also, we should mention that there�s attempt for stochastic to form bearish wave to leave the overbought areas, which increases the chances of pushing the price to trade in sideways range for today.

Therefore, we will stay neutral unless the price rallies to breach 184.00 level, which forms the main door to target more levels starting at 187.20.

Expected trading range for today is between: 182.20 and 184.00

Expected trend for today: Neutral

---------- Post added at 03:42 PM ---------- Previous post was at 02:47 PM ----------

The GBP/JPY pair has recovered the losses seen in the Asian session to trade marginally above 183.00 levels.

Gains capped at hourly 50-SMA

The pair recovered from the low of 182.48 seen earlier today to clock a high of 183.19. However, the pair has eased-off slightly to trade below the hourly 50-SMA located at 183.06 levels. Moreover, with a dip in the GBP/USD pair, the GBP/JPY cross is struggling to rise above 183.06 levels. Most of the gains witnessed today have been largely driven by a rise in the USD/JPY to 118.88 levels from the low of 118.40 seen earlier today. Given the thin UK data docket today, the GBP/JPY pair is unlikely to see significant moves.

GBP/JPY Technical Levels

The pair could rise to 183.60 levels, if it manages to sustain gains above the hourly 50-SMA located at 183.06. On the flip side, a break below 183.00 shall open doors for a re-test of the daily low at 182.48.

[sajid1240]

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 But beofre going more down we may see some up movement again to hit the Upper trendline...

[pritishahfx]

The pair is still stable above 181.40 keeping the upside move valid and expected in the coming period, and the first target will be breaching 184.55 to confirm easing the way towards 187.25. Linear Regression Indicators are still positive and supports the expected bullishness that requires stabilizing above 181.40.

---------- Post added at 02:04 PM ---------- Previous post was at 01:34 PM ----------

Support 182.85 181.80 181.40 180.25 179.90
Resistance 183.70 184.55 185.65 186.10 187.25
Recommendation
Positive expectations above 181.40, risk-limit below 180.25.

[KAUL]

analysis for today 2 / 13 / 2015

GBPJPY

Resistance : R1 183.23 R2 183.48 R3 183.68 R4 183.98
Support : S1 182.55 S2 182.30 S3 182.10 S4 181.80

Open : 183.20
High : 183.30
Low : 182.48
Range : .82 Pips
Running Price : 182.88

Strategy : SELL at the level 182.88 stop loss at the level 183.23 target take profit at the level 182.10 or at the level 181.80