Gbp/Jpy

[mikedmontier]

Pair: GBPJPY
Type of analysis: Technical
Time frame: H1
Channel line: Bearish under pivot
Fibonacci Indicator: Bearish expansion
William %R Indicator: Bearish (overbought)

Final decision: Bearish

[samoo]

In the NZDUSD chart in front of us we can see that there is a bullish cross between the EMAs 9 and 152 which shows that the price may take a north 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 green line to be shown which proves to be a good signal for start of the raising for even higher 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 north and actually hit the next resistance at level 0.8029 so I recommend as long as the indicator keep showing the same signals to buy

[wench]

On the GBPJPY chart for today the price appears to move in downward trend as a red dots appear above the bars and as the price still lower than the strong resistance of 174.7267 which is also the weekly pivot point and it is likely for the price to keep going south unless it hit the weekly pivot support at 172.0067 On the other hand if the price breaks the 174.7267 resistance and also get a bullish signals by a blue colored dots it is expected to keep going north till the 176.4333 resistance as the next weekly pivot level.
.

[johnmarcoss]

On the GBPJPY chart today we can see that the Gann SSI indicator is moving in a upward direction while making a green color which can only means that a up trend is to be taking place.
I think I�ll be concentrating on the buy orders for the time being unless the support area indicated by the grid at the price 167.85 got broken.
According to the Range indicator there is a red colored range which indicates a sell direction at this moment.
In the end by using the signals coming from the filter indicator the red bar on the indicator indicates that we could have a safe buy entry by now.
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[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 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 bearish 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 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 169.37 Whatever the method any of them would be acting as a great stop loss area indicator.
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[ralf]

Since the price is below the EMA indicator signal on the GBPJPY chart i do think that the price would be forming a bearish trend for the rest of the day.
The RSI indicator however shows a sell signal because of the line which currently reside a position below the 35 line.
For more confirmation i believe that the green lines which are going down would tell us that the bears are the ones controlling the market at the moment and it would be wise to take that into consideration.
Summing all that up the bears would be a really good choice for us to follow but that of course until we face an opposite buy signal to get out of the trade that of course when the price becomes located over the wave in the EMA indicator.
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[aliali1]

Monitoring the GBPJPY chart today I realized that a bearish trend is taking place and that�s because of the red arrow shown on the chart also the price 171.15 which is considered a top is a matter of fact the strong resistance preventing the price from penetrating it and heading above it and that is of course if the trend kept heading strongly in the bearish direction.
The parabolic sar dots however is currently appearing above the candle sticks meaning the price would be heading down for quite some time.
If we are to be taking selling trades as the main trades then the support 169.05 would be the best as initial taking profit position and also there is a great chance for the price to head north after reaching it.
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[RaKalan]

The Gbpjpy pair continued virtually depreciation while the nearest support level can stop the depreciation of the pound yen pair 169.33. The level of resistance for the pair 175.00, from the bottom of the emerging downtrend channel is still open warrant buy into calculation for corrective growth of the pair to the upper boundary of the channel.

[ng1985]

pair- gbp/jpy
analysis time frame- m30



the price is having strong down trend and its again rejecting up movement from the resistance and pivot point at 170.86 level. this is break the support at 169.85 level. now the rsi is shwoing oversold so correction can expected. hold the short entry with stop loss at 170.40
good luck

[ANDRIAS]

http://prntscr.com/4wbmfm
analysis for today 10 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 10 / 14 / 2014
OPEN 171.86
HIGH 172.49
LOW 169.93
CLOSED 170.25

The third resistance (R3) 172.49 - ( 170.89 - 169.93 = 0.96 x 2 = 1.92 )= 174.41
The second Resistance (R2) 170.89 + 172.49 - 169.93 = 173.45
First resistance (R1) 170.89 x 2 = 341.78 - 169.93 = 171.85
pivot points 172.49 + 169.93 + 170.25 = 512.67 / 3 = 170.89
Support for the first (S1) 170.89 x 2 = 341.78 - 172.49 = 169.29
Support second (S2) 170.89 - ( 172.49 - 169.93 = 2.56 ) = 168.33
Third Support (S3) 169.93 - ( 172.49 - 170.89 = 1.60 x 2 = 3.20 )= 166.73