Gbp/Jpy

[greenking]

Thus, an unequivocal break over this solid resistance appears to set the stage for further thankfulness, at first towards 185.70-186.00 resistance territory and further towards 189.00 resistance level. Then again, inversion from current resistance level now appears to discover quick support almost 183.40-30 flat range, which if broken could prompt a further 100-pips drop towards 182.30 support region. A consequent drop underneath 182.30 is liable to be trailed by a retest of the lower pattern line support of the channel, close to 181.00 imprints.

[edmar6969]

Trading Signal - 19/11/2014 - 10:00 (GMT +2)
Instrument: GBPJPY
Time : 60min CHART
Trend & Condition : Upwards Strong
The market is in a Range. We remain neutral waiting for a break in either direction.
Waiting for the downward break of 181.10 support level which will complete a bearish trend reversal pattern to go SHORT.
Only the upward break of 184.30 would cancel the bearish scenario and take us LONG.
Support & Resistances :
181.10 184.30
179.10 185.70
176.00 187.10

[ng1985]

pair- gbp/jpy
analysis time frame- m30



the rsi indicator is showing overbought as moving above the level 70 and in the price chart its also break the resistance at 183.23 and now at the daily resistance level three 184.32 level. this may be falling down as correction. short with profit target at 183.82
good luck.

[alii.hassan]

the up blue arrow located below the price determines that a bullish trend is taking place at the moment on the GBPJPY pair also the buy cross taking place between the snake and T2_clean verifies it even more.
the resistance 183.35 is a strong level and it could be used as a take profit level to minimize the losses if the price headed the opposite direction or if it got penetrated and kept heading up then the price will keep buying On the other hand a strong stop loss level could be initiated at the support of the price 182.45 I think buying would be the wisest decision at the moment unless another opposite sell signal is formed or if a red down arrow appears .

[maggie]

On the GBPJPY chart you can see a bullish trend due to the green color of the super trend and it is the main indicator to know the price movement direction.
The Nonlong dot is colored in blue and that is an indication for a buy signal.
The signals now are showing a weak bullish trend also the buy trades can take place as soon as the Nonlog indicator has changes to confirm the new direction.
When we talk to the stop loss area we can think about two ways to end first if the price reaches the support of 182.95 and the second when the super trend changes its color to red that means that the bullish trend has ended .

[samoo]

On the GBPJPY a bullish cross is currently taking place between the 9 and the 152 EMAs indicating by that the possibility that the price will be heading north soon.
After monitoring the histogram indicator we can notice that a green line is starting to take shape forming by that a bullish signal for the pair by being located over the 0 histogram level.
As for the market emotion indicator which is giving us a green line meaning by that that the price will be starting to rise to reach higher prices.
On the guru angle indicator we can notice that the slope is currently moving above the 0 level colored as green indicating by that a bullish direction now.
Clearly we can see that the price might be heading north in order to test the next resistance located at the price 183.91 that's why I do recommend that as long as the indicators keep showing the same signals we should go with buy orders.

[ramadanyu]

A new bullish trend is starting to take place on the GBPJPY according to the MA indicator which changed to Green color and at the same time the candles started turning to the green color which confirms the direction of the trend.
The bullish trend's strength is shown by the BB MACD indicator signal where the green dots are currently stationed above the zero level.
In the end I think buy trades would work greatly since the bullish direction is gaining in strength targeting by the resistance located at the level 183.35 as long as it remains strong and keeps its position above the level 182.9 which is a support level at the moment .

[clark]

There is a great chance for a bearish trend to be taking place today on the GBPJPY chart and that is according to the price which is currently located on lower level than the EMA 15 line.
According to the power momentum indicator a high power of the bearish trend is shown and also it can be used as a filter for the entering the sell positions.
For more confirmation we can use the power line indicator which is currently below the 50 level giving us a good downward direction signal as a result .

[halloiasan]

the GBPJPY pair have a down channel as you can mention on the chart then thinking about an bearish direction on the few coming hours is strongly .
By the current time the price hits the recommended upper edge of the Donchin Channel indicator alerting for a good chance for south movement.
Another signal is given by the awesome indicator as the price keeps above the zero's level and showing green color which could be recognized as a good buy 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 80 Th level.
Waiting a confirmation of selling direction form awesome indicator is a wise but in the same time the current situation could encourage the sell trades as long as the price didn't reach the low edge of Donchin channel

[ANDRIAS]

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analysis for today 11 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 11 / 18 / 2014
OPEN 182.43
HIGH 183.34
LOW 182.26
CLOSED 182.68

The third resistance (R3) 183.34 - ( 182.76 - 182.26 = 0.50 x 2 = 1.00 )= 184.34
The second Resistance (R2) 182.76 + 183.34 - 182.26 = 183.84
First resistance (R1) 182.76 x 2 = 365.52 - 182.26 = 183.26
pivot points 183.34 + 182.26 + 182.68 = 548.28 / 3 = 182.76
Support for the first (S1) 182.76 x 2 = 365.52 - 183.34 = 182.18
Support second (S2) 182.76 - ( 183.34 - 182.26 = 1.08 ) = 181.68
Third Support (S3) 182.26 - ( 183.34 - 182.76 = 0.58 x 2 = 1.16 )= 181.10