http://prntscr.com/4eysrf
analysis for today 8 / 27 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 172.41
Retracement (50%) 172.35
retracement (61,8%) 172.29
Extensions (61.8%) 172.89
Extensions (100.0%) 173.07
Extensions (138.2%) 173.25
Extensions (161.8%) 173.37
calculation based on a Fibonacci retracement then today I choose buy