Gbp/Jpy

[VANDA_S]

At the H4 chart, price is above the 12 EMA (white) and 72 EMA (blue) indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profit: 136.04
Stop loss: 134.15

[Ar33797ic]

in the last few days pair broke an important resistance level, a maximum of the last year and just starts to fly .... so now the pair looks only at the top, I think to bribe the pullbacks in a short-term charts ... because the next target is 137 and 139 ....

[santiika]

Daily Pivots: (S1) 134.23; (P) 134.65; (R1) 135.17;

GBP/JPY's rally extends today and reaches as high as 135.40 so far. Intraday bias remains on the upside and current rise from 118.82 is expected to target next key resistance level at 140.02. On the downside, below 134.22 minor support will turn bias neutral and bring retreat. But break of 132.44 resistance turned support is needed to signal short term topping. Otherwise, we'll stay bullish in the cross.

In the bigger picture, at this point, we'd like to maintain that price actions from 116.83 (2011 low) are corrective in nature so far. Rise from 118.82 could be the third leg of the pattern from 116.83 and might target 133.48 and above. After all, the likely scenario is that we'll see more range trading between 116.83 and 140.02 (50% retracement of 163.05 to 116.83 at 139.94) ahead, before an eventual downside breakout. We'll favor this view as long as 140.02 resistance holds.

[heru]

GBPJPY got a powerful enough merchandising pressure than ever to be within the worth of 129.08 and currently the try is within the terms of 128.11, if the try continues to fall and also the next target level perforate 128.00 terms at 127.55.

[erespe]

GBPJPY keep climbing, the pair is now testing the resistance level at 135.11. In my opinion, the pair still can reach 135.52, but beware of reversal when it rejected by resistance level. It may possible to fall to 134.19

[sheila]

Support: 133.71
Pivot: 134.64
Resistance: 135.58

trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel buy
20 day MA VS Price buy
20-50 Day MACD oscillator buy
20 Day Bollinger Bands buy

Technical Analysis For GBPJPY 100% Buy

[winstead]

GBPJPY has begun to lose its power but on the other hand has not shown signs to bearish. It is estimated today going consolidation in the GBPJPY with a range of 134.00 - 134.55 with strong resistance at 134.85.

[jawaid123]

FXstreet.com (Barcelona) - Yen mulai jatuh sementara pasar Tokyo ditutup untuk istirahat makan siang, membawa GBP/JPY ke wilayah tertinggi mingguan sebelumnya, terakhir di 132,49, dari tertinggi sesi terakhir dan mingguan di 132,61. Langkah itu muncul setelah seorang pejabat Jepang lainnya menegaskan kembali mengenai kebijakan moneter BoJ yang kuat dari untuk meningkatkan inflasi, ditambah dengan melambungnya saham China, memantul sebanyak +2,5% untuk hari ini.

---------- Post added at 02:58 PM ---------- Previous post was at 02:49 PM ----------

The Week Ahead
FOMC meeting will take center stage this week. Fed is widely expected to be on hold at 2.00% and focus will be on the accompanying statement on Fed's view on risk of inflation and the status of economic slowdown. Markets will base on the statement to reprice the chance of the next move from Fed. Other important data from US include Conference Board Consumer Confidence, House price index, new and existing. home sales, durable goods orders, May PCE and Q1 GDP finalized
In Eurozone, main focus will be on Germany IFO and Gfk, Eurozone PMIs. House price indices from UK will be featured with Q1 GDP. From Swiss, KOF leading indicator will be watched. From Japan, main focus will be on May National CPI, retail sales and unemployment rate. From Canada, May PPI will be released.
While Fed speculations remains the major factor in the overall forex markets, another critical factor will be on carry trades. So far, the Japanese yen reacted little to recent weakness in the stock markets. The broad based weakness in yen is driven by expectation on widening rate gap, especially in EUR/JPY. However, note that firstly, upside momentum in yen crosses is seen diminishing generally. Secondly, some weakness is already seen in USD/JPY, AUD/JPY and NZD/JPY. Thirdly, EUR/JPY and GBP/JPY are both near to important resistance levels. Traders should be alert of any signal of broad based rebound in the yen, which could be triggered by carry trade unwinding if the global stock markets dive further this week.

[santiika]

Daily Pivots: (S1) 133.33; (P) 133.97; (R1) 135.09;

GBP/JPY rises further to as high as 135.07 so far today. Intraday bias remains on the upside for the moment. With 133.48 resistance firmly taken out, next target is 140.02 key resistance level. On the downside, break of 131.66 minor support is needed to signal short term topping. Otherwise, we'll stay bullish.

In the bigger picture, at this point, we'd like to maintain that price actions from 116.83 (2011 low) are corrective in nature so far. Rise from 118.82 could be the third leg of the pattern from 116.83 and might target 133.48 and above. After all, the likely scenario is that we'll see more range trading between 116.83 and 140.02 (50% retracement of 163.05 to 116.83 at 139.94) ahead, before an eventual downside breakout. We'll favor this view as long as 140.02 resistance holds.

[erespe]

It looks like the bullish will be ended, after the pair was rejected by resistance level and cannot breach 135.03 level. We will now waiting for a confirmation from LWMA cross. Now GBPJPY is targeting to go back to its daily pivot at 133.93