Gbp/Jpy

[wench]

On the GBPJPY chart for today the price appears to move in upward trend as a blue dots appear below the bars and as the price still higher than the strong resistance of 172.0067 which is also the weekly pivot point and it is likely for the price to keep going north unless it hit the weekly pivot resistance at 174.7267 On the other hand if the price breaks the 172.0067 support and also get a bearish signals by a red colored dots it is expected to keep going south till the 170.9933 support as the next weekly pivot level.
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[troykilson]

On the GBPJPY hourly chart we can see that a week bullish trend is happening as the Blade oscillator is now at the 0.528 area above the level of balance and also the indicator is colored in blue that is a week indication of bullish direction on the short term. Another buy signal is shown on the moving average indicator as it is heading upward to let me think that the last bottom performed at 170.92 could be a good place to set any buy position's stop loss level at.

[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 high power of the bearish trend and that can be used as a filter to filter the entry of sell positions.
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[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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[hatrik]

As you can see on the GBPJPY chart in front of us the blue line�s position in the moment indicator is above the red line which means a good buying signal should be occurring also the blue color shown in the oracle strength indicator means that a upwards direction signal is going to take place.
The oracle direction indicator could serve as a filtering tool with the blue colors shown on the arrows meaning that a upward 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 upward direction but that can only happen if the moment buy cross was taking place on the chart And as long as the ATR indicator keeps showing buying signals then without doubt the buy trades would be a better choice for entry.
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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

[maggie]

The green signal shown by the super trend indicator proves that a bullish 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 blue colored dots meaning that buy trades would be taking place soon.
From the signals we deduce that buy trades would be great idea at the moment due to the bullish trend taking place which is a strong one but that can only happen waiting till the Nonlog indicator changes the signal to confirm the direction.
On the other hand the bullish 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 red or of course if the price hit the support 170.45 Whatever the method any of them would be acting as a great stop loss area indicator.
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[ng1985]

pair- gbp/jpy
analysis time frame- m30



the down movement of the price is hold at support 168.00 level and moving up side. its having resistance at the 169.60 level. the movement of the rsi is to the level 70 so if resistance is break then up movement can expected to the 171.18 level. long with stop loss at the 168.

good luck

[osos]

Today on the GBPJPY hourly chart there is a good selling signal appears as the price has a Red color arrow as the final signal to show by the EMA crossover indicator that is using 2 exponential moving averages with different shifts and we can see the red line crossing below the blue one to create a sell signal.
Also the same is happening on the QQE indicator that we can see it below the chart where we can find the lines Below the fifty levels and showing a sell cross.
We can sell by targeting the 167.95 area as a support or till we get a new buy cross by the 2 exponential moving averages.
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[ANDRIAS]

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analysis for today 10 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 10 / 15 / 2014
OPEN 170.26
HIGH 171.15
LOW 168.02
CLOSED 169.68

The third resistance (R3) 171.15 - ( 169.62 - 168.02 = 1.60 x 2 = 3.19 )= 174.34
The second Resistance (R2) 169.62 + 171.15 - 168.02 = 172.75
First resistance (R1) 169.62 x 2 = 339.23 - 168.02 = 171.21
pivot points 171.15 + 168.02 + 169.68 = 508.85 / 3 = 169.62
Support for the first (S1) 169.62 x 2 = 339.23 - 171.15 = 168.08
Support second (S2) 169.62 - ( 171.15 - 168.02 = 3.13 ) = 166.49
Third Support (S3) 168.02 - ( 171.15 - 169.62 = 1.53 x 2 = 3.07 )= 164.95