Gbp/Jpy

[aliali1]

Monitoring the GBPJPY chart today I realized that a bullish trend is taking place and that�s because of the green arrow shown on the chart also the price 168.85 which is considered a top is a matter of fact the strong support preventing the price from penetrating it and heading below it and that is of course if the trend kept heading strongly in the bullish direction.
The parabolic sar dots however is currently appearing below the candle sticks meaning the price would be heading up for quite some time.
If we are to be taking buying trades as the main trades then the resistance 171.35 would be the best as initial taking profit position and also there is a great chance for the price to head south after reaching it.
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[ralf]

Since the price is above the EMA indicator signal on the GBPJPY chart i do think that the price would be forming a bullish trend for the rest of the day.
The RSI indicator however shows a buy signal because of the line which currently reside a position above the 35 line.
For more confirmation i believe that the green lines which are going up would tell us that the bulls are the ones controlling the market at the moment and it would be wise to take that into consideration.
Summing all that up the bulls would be a really good choice for us to follow but that of course until we face an opposite sell signal to get out of the trade that of course when the price becomes located below the wave in the EMA indicator.
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[halloiasan]

By analyzing the GBPJPY we can but a bullish chanel to limit the movement of the market inti two trend lines The price is moving at the upper edge of the donchin channel so you may think about selling as long as there is no opposite signs appear on the Awesome oscillator The Awesome oscillator has a green bar appears above the level of 0 and it is considered a good buy signal Also the stostatic indicator shows sell signal by showing down intersection between the two lines near the 80 th level Till this moment bearish trend is the choise and also selling targeting the lower edge of the donchin channel is not a bad idea at all

[ng1985]

pair- gbp/jpy
analysis time frame- m30



the price is break the resistance trend line at 169.85 level and its also making pull up from the pivot point at 170.22 level. the price is having resistance at the 172.00 level that may be not break and its again down. short with take profit at 169.80 and stop loss at 172.40

good luck

[edmar6969]

Trading Signal - 17/10/2014 - 10:00 (GMT +3)
Instrument: GBPJPY
Time :60min CHART
Trend & Condition :Upwards Strong
The TP1 has been reached. We closed 50% of our position and have moved the Stop loss at the lock in profits level (170.00). Provided the market conditions will remain the same the TP2 will be reached soon.
Support & Resistances :
170.70 171.50
169.70 172.10
168.00 173.00

[RaKalan]

The price of the pair gave some positive trades rebound yesterday affected by stochastic trying to collect more of the negative momentum, so note the price reaches a level stretch resistance and almost stable around 171.40 to keep this on the absolute passivity.
From the above, we will stay on for a bearish during trading today and we rely entirely on the stability of the resistance and the current price begins to form negative waves to achieve a level of 166.00.

[ANDRIAS]

http://prntscr.com/4wz09z
analysis for today 10 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 10 / 16 / 2014
OPEN 169.69
HIGH 171.22
LOW 168.55
CLOSED 171.07

The third resistance (R3) 171.22 - ( 170.28 - 168.55 = 1.73 x 2 = 3.46 )= 174.68
The second Resistance (R2) 170.28 + 171.22 - 168.55 = 172.95
First resistance (R1) 170.28 x 2 = 340.56 - 168.55 = 172.01
pivot points 171.22 + 168.55 + 171.07 = 510.84 / 3 = 170.28
Support for the first (S1) 170.28 x 2 = 340.56 - 171.22 = 169.34
Support second (S2) 170.28 - ( 171.22 - 168.55 = 2.67 ) = 167.61
Third Support (S3) 168.55 - ( 171.22 - 170.28 = 0.94 x 2 = 1.88 )= 166.67

[mikedmontier]

Pair: GBPJPY
Type of analysis: Technical
Time frame: H1
Channel line: Bullish above pivot
Fibonacci Indicator: Bullish expansion
William %R Indicator: Bullish (swing high)

Final decision: Bullish

[mary]

On the chart of the USDCHF there is a main up trend signal as the 2 EMA 5 and 6 are moving Above the slow EMA of 35 and if the other indicators confirm a bullish direction then i will go for buy 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 buy positions are my choice for today unless the price shows an opposite bearish signals.
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[samoo]

In the NZDUSD chart in front of us we can see that there is a bearish cross between the EMAs 9 and 152 which shows that the price may take a south direction for the next few hours By monitoring the Histogram indicator we get to see the line formed to be Green like the last signal to make for the pair a bullish signal by becoming above the 0 leveled histogram As for the emotion indicator we can find another red line to be shown which proves to be a good signal for start of the fall for even lower prices for the NZDUSD The slope is also moving above the level of 0 at Guru Indicator and showing a Green color is to show that the price is taking a bullish direction at the moment Clearly as you can see there is a big chance for the price to go south and actually hit the next support at level 0.7875 so I recommend as long as the indicator keep showing the same signals to sell