Thread: Gbp/Jpy
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Daily technical analysis for GBPJPY 23/05/214
GBPJPY current rise should end around 171.75 or 171.93. Objectives of this downmove are 171.29 or 170.94. A rise above 172.21 is again bullish.
Key Point 172.32
Entry Point 172.12
Trendline 1 171.23
Trendline 2 172.64
Support 1 171.29 Support 2 170.94
Resistance 1 171.93 Resistance 2 172.21
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analysis for today 5 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 5 / 22 / 2014
OPEN 171.29
HIGH 171.83
LOW 171.20
CLOSED 171.61
The third resistance (R3) 171.83 - ( 171.55 - 171.20 = 0.35 x 2 = 0.69 )= 172.52
The second Resistance (R2) 171.55 + 171.83 - 171.20 = 172.18
First resistance (R1) 171.55 x 2 = 343.09 - 171.20 = 171.89
pivot points 171.83 + 171.20 + 171.61 = 514.64 / 3 = 171.55
Support for the first (S1) 171.55 x 2 = 343.09 - 171.83 = 171.26
Support second (S2) 171.55 - ( 171.83 - 171.20 = 0.63 ) = 170.92
Third Support (S3) 171.20 - ( 171.83 - 171.55 = 0.28 x 2 = 0.57 )= 170.63
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analysis for today 5 / 22 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 170.80
Retracement (50%) 170.61
retracement (61,8%) 170.42
Extensions (61.8%) 172.44
Extensions (100.0%) 173.07
Extensions (138.2%) 173.70
Extensions (161.8%) 174.08
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 5 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 5 / 21 / 2014
OPEN 170.59
HIGH 171.43
LOW 169.79
CLOSED 171.28
The third resistance (R3) 171.43 - ( 170.83 - 169.79 = 1.04 x 2 = 2.09 )= 173.52
The second Resistance (R2) 170.83 + 171.43 - 169.79 = 172.47
First resistance (R1) 170.83 x 2 = 341.67 - 169.79 = 171.88
pivot points 171.43 + 169.79 + 171.28 = 512.50 / 3 = 170.83
Support for the first (S1) 170.83 x 2 = 341.67 - 171.43 = 170.24
Support second (S2) 170.83 - ( 171.43 - 169.79 = 1.64 ) = 169.19
Third Support (S3) 169.79 - ( 171.43 - 170.83 = 0.60 x 2 = 1.19 )= 168.60
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Till now the GBPJPY still on flat - but this flat so near demand strong (170.35). for me, wise to search buy if break up happen to more up 170.94.
analysis for today 5 / 21 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 170.58
Retracement (50%) 170.65
retracement (61,8%) 170.71
Extensions (61.8%) 170.01
Extensions (100.0%) 169.79
Extensions (138.2%) 169.57
Extensions (161.8%) 169.44
calculation based on a Fibonacci retracement then today I choose sell
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Daily analysis for GBPJPY
GBPJPY extension wave down 169.94, much higher, testing second daily resistance 171.24
Elliott 172.74
Closing 170.63
Ex-Low 170.39
Ex-High 170.97
Support 1 170.36
Support 2 170.09
Resistance 1 170.92
Resistance 2 171.25
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analysis for today 5 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 5 / 20 / 2014
OPEN 170.63
HIGH 170.93
LOW 170.36
CLOSED 170.60
The third resistance (R3) 170.93 - ( 170.63 - 170.36 = 0.27 x 2 = 0.54 )= 171.47
The second Resistance (R2) 170.63 + 170.93 - 170.36 = 171.20
First resistance (R1) 170.63 x 2 = 341.26 - 170.36 = 170.90
pivot points 170.93 + 170.36 + 170.60 = 511.89 / 3 = 170.63
Support for the first (S1) 170.63 x 2 = 341.26 - 170.93 = 170.33
Support second (S2) 170.63 - ( 170.93 - 170.36 = 0.57 ) = 170.06
Third Support (S3) 170.36 - ( 170.93 - 170.63 = 0.30 x 2 = 0.60 )= 169.76
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analysis for today 5 / 21 / 2014
GBP/JPY
Resistance : R1 170.54 R2 170.79 R3 170.99 R4 171.29
Support : S1 169.96 S2 169.71 S3 169.51 S4 169.21
Open : 170.59
High : 170.71
Low : 169.79
Range : 92 Pips
Running Price : 170.02
Strategy : SELL at the level 170.02 stop loss at the level 170.54 target take profit at the level 169.51 or at the level 169.21
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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Daily technical analysis for GBPJPY 21/05/2014
GBPJPY we prefer to see an attempt to below 170.35 or below 170.08 in extension. A clear break of 170.80 is bullish.
Key Point 170.67
Entry Point 170.56
Trendline 1 170.61
Trendline 2 170.96
Support 1 170.35 Support 2 170.08
Resistance 1 170.93 Resistance 2 171.24
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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