Gbp/Jpy

[shourove1212]

Below trend analysis today with ma system:
ma 16 as short term trend indicator= sideways
ma 96 as medium term trend indicator= sideways
ma 480 as long term trend indicator = down
So the trend is down weak.

After it retraced from yesterday lowest price (128.06) , it bounch to highest price (129.32) then down until market closed at 128.99. This day i predict this pair will go down follow trend until 128.50.

The pair GBP/JPY well continued its bullish movement and is currently testing the resistance at 134.18 (level 23.60%). We maintain to trade only long positions as far as 133.35 (level 38.20%) is support. The breakotu of 134.18 will give a new buy signal. The next resistance is at 135.

[poncoez]

Translucent 132, GBP / JPY up?

Strategydesk - GBP / JPY continued its gains today, a positive move for the seventh consecutive session, successfully touched the highest level in seven months.

The pair lifted by BOE Minutes indicating there will be no easing up in the near future. In the minutes that were announced yesterday, the Committee decided unanimously to keep interest rates at 0.5% and said it is not going to cut it in the near future. Minute it shows only one member who chooses to increase the number of Quantitative Easing (QE).

Pair it also drove the yen weakened on all currencies. Yen continued its fall is as prospects BOJ easing when the new government came to power later. Shinzo Abe, the leader of the Liberal Democratic Party (LDP), which will become prime minister in elections this December, continue to call for BOJ easing apply. Abe, with the monetary policy as the central debates before the election, urged the BOJ launched unlimited stimulus, negative interest rates, and set an inflation target of 2-3%.

At 16:00 GMT, the GBP / JPY was at 132.00. After rising 1.2% yesterday, GBP / JPY touched the highest level since April in Asia to move in the range of 131.41 and 132.31. Prices move above the 25 day moving average, a bullish indication. MACD (12,26,9) is in positive territory, with the value at 0.945, which means strengthening trend. But Stochastic (14,3,3) is at 97, far above the overbought 80. RSI (14) has exceeded the level of 72, exceeding the saturation point buy 70.

The pair also touched the upper Bollinger Bands (14), who was at 132.11. Power rate is decreasing after the pair broke through the 132 level. If successfully closed above that level and the speed of power is still strong, the next target is 132.50 to 132.80. But if it fails to close at that level, the pair will move towards 131.50 to 131.00.

[suzonbmw]

Dear Guys,as expected this pair making a strong bearish movement right after the news release yesterday......and the support line has been broke by yesterday move but becareful i think this pair is nearing the low and the major revesal will happen soon.....watchout at 129 - 128 area to enter long next week .But beofre going more down we may see some up movement again to hit the Upper trendline

[forexlearn]

I am lose my money last week because you can see d1 chart non stop going up when it will be finish no one said about it. It fall down on Monday or after two or three month or more month need to fall. I didn't know about it the market condition. Not only gbp, cad aud all pair is going up from two weeks.

[forexking2]

This pair on still look bulls but weak. But, of course can more nice up bulls with strong move bulls if then buyer was break up to that so strong resistance at 132.30. So, the plan buy here is better after the price was move above that resistance 132.30 then

[Jobs]

yes very strong growth for a couple, not even the usual ... After a few strong resistance levels ... now formed a double top, and there is strong support for 130.80 because there still is sloping trend line, I think the price will fall if there will need to try to bribe likely to continue the trend ... always above it shifts ...

[fanikakkoo]

Buy $GBPJPY at 129.3 stop 128.95 targets 129.75 and 130.2

[suhermanto]

as potential the price change wager up with a hard bullish engulfing candela......let see if the up conservationist strength can uphold until the end of the day and if that chance then it affirm the buy falsification for this week.......134 - 136 incoming steady to watch

[Bieela_cute]

Scenario for the week
Elliott: impulse wave up 133.04
Currently uptrend should end around 135.02 - 133.34 area. A correction down to below 129.94 is expected. A rise above 134.54 will abort the expected correction.
Warning: Imminent end of bullish move
Technical points
Key point 134.1100
Entry point 132.3300
Elliott 125.6800
Closing 132.1500
Projection 134.5600
Trendline 128.9300
Trendline 132.1800
Supports / Resistances
Res 2 134.5400
Ex-High 132.3300
Res 1 133.3400
Pivot 131.1400
Sup 1 129.9400
Ex-Low 128.9300
Sup 2 127.7400

[najmul.djd]

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

adx : 22.7201
+di : 19.2275
-di : 16.8655
timeframe : 1 hour

time : 1200
date : 23.11.2012