Gbp/Jpy

[sumonbaf]

Gbp/jpy analysis for 05.20.2012 by using pivot indicator.

r3: 157.72
r2: 157.08
r1: 156.58

pivot: 155.94

s1: 155.44
s2: 154.80
s3: 154.30

[mamana]

GBPJPY,H1
Date 2013.05.20
Time 03:00

Open 155.83
High 155.91
Low 155.77
Close 155.88
Volume 611
SMA(5) 156.00
SMA(10) 156.18
SMA(20) 156.13
SMA(50) 156.01
SMA(100) 155.80
SAR 156.56

Indicator window 1
Stoch(5,3,3) 55.4000
Signal 55.7966

Indicator window 2
RSI(14) 45.2735

Indicator window 3
MACD(12,26,9) 0.000
Signal 0.068

Indicator window 4
%R(14) -45.5090

based on combination of indicators above,
trend : NEUTRAL

[mesdo5200]

we can see in the 1d chart and I see the pair will go to down using buy trend

price:155.81
sell:152.73
point:400pips

[hwida 1046]

elliott crucial reversal point 15037 current rise seems to be over near 152.61 or 156.68 for a retracement towards 148.54 - 145.87 area
res2 162.01
153.87
pivot 148.54
sup1 143.21
sup2 135.07

[sayedelzeny]

GBP/JPY stayed below 156.77 temporary low last week and it turned into sideway trading. More consolidations could be seen initially this week. But in case of another retreat, downside should be contained by 153.26 support and bring another rally. Above 156.77 will target 100% projection of 125.67 to 147.97 from 140.37 at 162.67, which is close to 163.05 key resistance. On the downside, though, break of 153.26 will indicate short term topping and bring deeper pull back.

In the bigger picture, the medium term rise from 116.83 is still in progress. As noted before, whether such rally is impulsive or corrective in nature, it's at least a move at the same degree as fall from 163.05. Thus, we'd expect current rise to extend to 163.05 resistance and above. And, we'll stay bullish as long as 146.42 support holds.

In the longer term picture, the rebound from 116.83 is still strong from medium term point of view. More importantly, note that GBP/JPY has broken 55 months EMA decisively and monthly MACD turned positive. The chance for a sustainable medium term to long term up trend is raised. We'll continue to focus on the structure of the rise from 116.83 for more evidence.

[kalare]

How put it together... harnessed off to create a powerful movement to a pessimistic message And line of yesterday's move yesterday, but carefully, I that think came too little, major Revesal may also soon appear... Watchout 129 128 rooms next week long bra

[hwida 1046]

elliott elongated flat correction up 157.56 currently up trend should end around 157.17 - 157.29 area acorrection down to below 155.49 is expected a rise above 157.93 will abort the expected correction

[haderahmed2003]

I see the pair will go to up way to 158.50
stochastic refers that the pair will go up
so our target buy from 156.50 and our target will 220pips
Good luck

[waqas17]

GBPJPY post a new weekly high around 156.70 and close very bullish market can open with a gap on monday after very long time this pair gain such a momentum i think 156.80 will be very crucial resistance and 157.40 will be after that and 156.30 is support 1 and 155.65 is 2nd support area where we can take a chance in buying with 30 pips stop.

[mesdo5200]

I see the pair will go to down way to 153.63
stochastic refers that the pair will go down
so our target sell from 156.50 and our target will 260pips
Good luck