Gbp/Jpy

[hmmo]

For today's analysis on the GBPJPY since we can see that the price located above the level 187.56 colored in grey which can be considered a support point according on the MBFX indicator.
On the other hand the vestro indicator is showing us a bullish saturation as its last signal.
up in this situation targeting the next MBFX level located at the resistance of the price 188.26 which could be our primary buying target and if it kept going on the same pace then the resistance located at 188.96 could be considered as our secondary target but in case the price breaks the level 187.13 then this would be the time to start thinking about selling orders as the price will stop heading up

[samoo]

On the GBPJPY a bearish cross is currently taking place between the 9 and the 152 EMAs indicating by that the possibility that the price will be heading south soon.
After monitoring the histogram indicator we can notice that a red line is starting to take shape forming by that a bearish signal for the pair by being located under the 0 histogram level.
As for the market emotion indicator which is giving us a red line meaning by that that the price will be starting to fall to reach lower prices.
On the guru angle indicator we can notice that the slope is currently moving below the 0 level colored as red indicating by that a bearish direction now.
Clearly we can see that the price might be heading south in order to test the next support located at the price 187.19 that's why I do recommend that as long as the indicators keep showing the same signals we should go with sell orders.

[halloiasan]

the GBPJPY pair have a up channel as you can mention on the chart then thinking about an bullish direction on the few coming hours is strongly .
By the current time the price hits the recommended lower edge of the Donchin Channel indicator alerting for a good chance for north movement.
Another signal is given by the awesome indicator as the price keeps below the zero's level and showing red color which could be recognized as a good sell signal.
Finally I can see the signal of bullish direction on the stostatic according to the last buy intersection between the two lines near the 20 Th level.
Waiting a confirmation of buying direction form awesome indicator is a wise but in the same time the current situation could encourage the buy trades as long as the price didn't reach the high edge of Donchin channel

[troykilson]

On the GBPJPY hourly chart we can see that a strong bearish trend is happening as the Blade oscillator is now at the 0.63 area below the level of balance and also the indicator is colored in red that is a strong indication of bearish direction on the short term.
Another buy signal is shown on the moving average indicator as it is heading downward to let me think that the last top performed at 187.99 could be a good place to set any sell position's stop loss level at .

[osos]

As we can see in the GBPJPY chart the main trend is currently taking a down direction and that�s because of the position of the 5 and 6 EMAs which are below the 35 EMA and as a result taking sell positions is the right choice once I get the confirmation from the other indicators that the direction will be bearish .
The parabolic sar indicator shows that the price might be taking a downward direction according to the dots above the candles .
The MACD indicator is giving me a sell signal which is currently moving below the 0 level also the CCI line is performing downward signal as is at the lower level .
As a conclusion to what I said earlier I do think that selling would be the best choice for now according to the EMA locations that of course unless the price gave a bullish signal instead .

[jhonystatham]

As I can see on the GBPJPY hour chart the daily open for today was lower than the last day which can be a good signal for a south direction of the market.
Now when focusing on the chart you can easily get the signal form the red down arrow which shown above the price candles to indicate a probably of bearish direction on the upcoming day.
And about the strong levels that the price may need to fight in order to break it you can monitor that there is a strong support located at the price 187.6 and I think it is hard for the price to break it down then I guess I will use it as a primary take profit level for any short positions that I may enter.
I also always keep an eye on the check and trader indicators to help me filtering the fake trend signals and they have to show a red line for the check and a red color for the trend indicator before I decide to enter the short positions.
.

[hatrik]

As you can see on the GBPJPY chart in front of us the blue line�s position in the moment indicator is below the red line which means a good selling signal should be occurring.
also the red color shown in the oracle strength indicator means that a downwards direction signal is going to take place.
The oracle direction indicator could serve as a filtering tool with the red colors shown on the arrows meaning that a downward signal would be taking place in short term trades.
Summing all that up in my opinion I do think that the trend would be taking a downward direction but that can only happen if the moment sell cross was taking place on the chart And as long as the ATR indicator keeps showing selling signals then without doubt the sell trades would be a better choice for entry.

[BURHANFX]

analysis for today 12 / 8 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 188.21
Retracement (50%) 188.49
retracement (61,8%) 188.77

Extensions (61.8%) 185.85
Extensions (100.0%) 184.95
Extensions (138.2%) 184.05
Extensions (161.8%) 183.49
calculation based on a Fibonacci retracement then today I choose sell

[hmmo]

For today's analysis on the GBPJPY since we can see that the price located above the level 188.58 colored in grey which can be considered a support point according on the MBFX indicator.
On the other hand the vestro indicator is showing us a bearish saturation as its last signal.
up in this situation targeting the next MBFX level located at the resistance of the price 189.38 which could be our primary buying target and if it kept going on the same pace then the resistance located at 190.18 could be considered as our secondary target but in case the price breaks the level 188.08 then this would be the time to start thinking about selling orders as the price will stop heading up

[troykilson]

On the GBPJPY hourly chart we can see that a weak bearish trend is happening as the Blade oscillator is now at the 0.216 area below the level of balance and also the indicator is colored in blue that is a weak indication of bearish direction on the short term.
Another buy signal is shown on the moving average indicator as it is heading downward to let me think that the last top performed at 188.94 could be a good place to set any sell position's stop loss level at .