Gbp/Jpy

[RaKalan]

According to the four-hour chart for this pair today it has closed yesterday under the 173.00 resistance level and given the opportunity to work price drop after failing to break it. As explained above price currently trying landing On his way to the 172.00 support and trying to break it. In this case, we may get another chance to further selling opportunities which will open the way toward 171.50 as a first target. After that I have to test the level of price support 172.50 to continue the landing. But as long as the price is stable above the support level of 172.00, it eliminates the first scenario.

[ANDRIAS]

http://prntscr.com/4yk4qs
analysis for today 10 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 10 / 21 / 2014
OPEN 172.88
HIGH 172.95
LOW 171.79
CLOSED 172.42

The third resistance (R3) 172.95 - ( 172.39 - 171.79 = 0.60 x 2 = 1.19 )= 174.14
The second Resistance (R2) 172.39 + 172.95 - 171.79 = 173.55
First resistance (R1) 172.39 x 2 = 344.77 - 171.79 = 172.98
pivot points 172.95 + 171.79 + 172.42 = 517.16 / 3 = 172.39
Support for the first (S1) 172.39 x 2 = 344.77 - 172.95 = 171.82
Support second (S2) 172.39 - ( 172.95 - 171.79 = 1.16 ) = 171.23
Third Support (S3) 171.79 - ( 172.95 - 172.39 = 0.56 x 2 = 1.13 )= 170.66

[maggie]

The red signal shown by the super trend indicator proves that a bearish trend would be taking place today on the GBPJBP chart and thus giving us a vague idea of where the price would be heading.
As you can see the Nolog dot indicator is forming red colored dots meaning that sell trades would be taking place soon.
From the signals we deduce that sell trades would be great idea at the moment due to the bearish trend taking place which is a strong one but that can only happen if the signals remain the same.
On the other hand the bearish trend has to stop some time and that can be determined and that can be determined if the super trend�s indicator color changes to green or of course if the price hit the resistance 172.33 Whatever the method any of them would be acting as a great stop loss area indicator.
.

[clark]

for the GBPJPY pair the price now lower than the EMA line of 15.
Which can be a good sign for bearish trend for the current day.
The power line indicator is now above the 50 th level which can be an indication for a good upward direction of the signal.
At last one thing can be added is the power momentum indicator that shows a low power of the bearish trend and that can be used as a filter to filter the entry of sell positions.
.

[mary]

On the chart of the USDCHF there is a main down trend signal as the 2 EMA 5 and 6 are moving below the slow EMA of 35 and if the other indicators confirm a bearish direction then i will go for sell positions.
For the Parabolic sar indicator there a dot below the candles that indicates a upward direction in addition to that we can see a buy signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the Higher level to perform a upward signal.
As a conclusion and according to the EMA locations sell positions are my choice for today unless the price shows an opposite bullish signals.
.

[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 172.05 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.
.

[shimy]

By viewing the GBPJPY chart of the day we recognize the fall of the price happened as it hits the Bollinger band indicator�s up edge.
On the volume indicator we recognized that it�s having a value of 170 which can be recognized as low market volume.
According to that I think that market may move downward till it face the support at 171.9 and in case of breaking it down it should reach the next support at the area of 171.63 same for the stop loss of short positions that you may open the resistance level at 172.78 could be a good place to set it.
Finally you can use the CCI indicator as a way to confirm your entry at the times of vibration and never use it as a primary or main indicator .
imagee

[nininini]

On the GBPJPY hourly chart we can see a Bearish channel also we can see the yellow color of the Moving average indicator that means that the price is moving up for the current time.
The market started today at a Lower levels than the daily pivot point at 172.34 and due to the data we mentioned before the price may continue to go up till it hits the first daily pivot resistance which located at 172.63 also if the WPR indicator does not show an opposite downward signals.
If we reach our target we can keep buying till the 172.93 resistance that is very strong resistance level to reach till the end of the day.

[moshiur277]

Gbp/jpy analysis :

date : 10.22.14
time : 03:00 GMT
time frame : 15 min

current rate :172.32
high : 172.69
low : 172.23
net change : -0.02%

overall trend : slightly Bearish.

[Ramzy.hassan]

On the GBPJPY today after drawing a bottom using the zigzag indicator there is a good chance for price to be heading up in the upcoming hours The price currently is a having a hard time moving downward and that�s because of its position which is currently near the down edge of the Donchin band Once the price crosses the resistance level 172.65 which is represented by red dots on the chart a upward direction is likely to take place.
Waiting for the SMA indicators to cross and give us a buy cross would be a wise choice to increase the chances for a better entry for a buy trade But if the price headed for the opposite direction which is downward at the moment then without doubt 171.95 would be the best support level now .