Gbp/Jpy

[tradergalau]

If we look on H4 time frame, we can see that GBPJPY had formed a double top pattern yesterday and it happened on the resistance level at 132.14. Then, GBPJPY fall and now this pair is moving around the 131.36 support level. I think the rejection effect still strong enough. So, if GBPJPY can break this support level, I expect GBPJPY will continue falling to the next support level at 130.53.

[romannil]

Gbp/jpy technical analysis for 27.11.2012 by using : Auto pivot indicator.

resistance 3:133.64
resistance 2:133.05
resistance 1:132.30

pivot point :131.71

support 1:130.96
support 2:130.37
support 3:129.62

[piggybank]

GBPJPY is ready to top out at the resistance 133.43. This is a very strong resistance that may cause huge pressure to the pair to return its medium downtrend. On the 4 hour chart, the level 131.00 is a good support for GBPJPY to continue intraday uptrend to target the 133.43 potential reversal zone.

[akramrukiman]

montly pivot 127.72
weekly pivot 131.19
daily pivot 132.20

daily r3 132.813
daily r2 132.571
daily r3 132.449

daily s1 132.085
daily s2 131.843
daily s3 131.721

[nguyenbau]

prices are slightly agitated state, the amplitude of fluctuations in today 131306-131650, but the trend is up, you wait to buy the best prices, suggests buying at a pivot weeks: 131.05x
Wish you win big.

[mossabfx]

GBP/JPY Support and Resistance 26/11/2012
S3 130.80 S2 131.12 S1 131.45
R1 132.90 R2 133.23 R3 133.56
MACD(26,12,9):Neutral
CCI(14) :buy
MOMENTUM(10) :buy

[winstead]

GBPJPY near its Support 130.75 after rebound from 132.20 resistance level last week. If the pair continues to move after the bounce from the level bullish Support 130.75, we will receive a strong indicator for bullish signal again.

[najmul.djd]

gbp/jpy technical analysis by using : average directional movement index

adx : 15.5001
+di : 16.3181
-di : 16.4534
timeframe : 1 hour

time : 1600
date : 26.11.2012

[new-FX]

Pair continued his tendency rising during the recent period and now begins the formation of prompt corrective price drops almost to the level of 131.15.

Remains bullish tendency steady level of support above 124.60 to expect further increases to the level of 133.60

Stochastic is trying to get rid of the level of saturation, which contributes to the formation of purchase anticipated corrective wave

[niknik]

The GBP/JPY pair showed serious strength on Friday as the market almost overcame the shooting star from Thursday. This is a sign that the buyers are still in control, and I do believe that the 130 level will continue to be supportive. After all, we just broke out of a 500 points consolidation area, so it makes sense that we would at least try to match that going forward.

This is a very risk sensitive currency pair, so headlines can and will move it quite rapidly. As long as things are going fairly well, this pair should continue to grind higher. I've noticed that it's somewhat parabolic, but then again all the yen related pairs are at the moment as the Bank of Japan continues to looks set to raise their inflation target to 3%. If that happens, this will devalue the Yen as they print more and more currency going forward.

I like this pair as it does tend to move quite rapidly. When you are correct in this marketplace, and you get rewarded very, very quickly. The 130 level should be the "floor" going forward, and if he gets broken to the downside, I would say all bets are off. This move has been strong, but as you can see we have built a little bit of a base just below the 130 level. This is why I like this trade so much.

Risk on/risk off

For some time, this pair used to be one of the ultimate expressions of whether or not we had a "risk on" type of day, or a "risk off" type of day. I believe we're going to start seeing this relation again as the Yen will continue to artificially weaken as the marketplaces are being manipulated yet again by the Bank of Japan. This is actually the norm for this pair, so not only am I comfortable doing this, I get to enjoy the positive swap at the end of every trading session. There is a reason why these yen related pairs tend to rise over time going back several years, and that was because it was so profitable to start buying them. I think we are about to start seeing that dynamic again. On a break of the highs from the Friday session, I am more than willing to start buying again.