Gbp/Jpy

[forexking2]

The trading range for this week is among the key support at 123.75 and the key resistance at 131.85

The short term trend is to the downside target at 112.00 intact 150.00

[new-FX]

Price pair is still stable above the support level around 102.30 to remain bullish price
It is worth mentioning that the level of 102.30 is also the level of support, which has long tried to pair unshielded

Price stability above this level we expect to rise up to the level of 107.20 during the coming period.

Stochastic is bearish wave, which makes price dialogue with a new level of support from

[forexking2]

The stability of the 124.55 support level makes a positive price through the medium, if it does not penetrate the price support for the mentioned channel brings us back to the waiting levels around 130.15 in the coming period.

[turabawan8]

Pivot point (level of invalidation): 128.85

Our preference: Short positions below 128.85 with targets at 127.9 and 127.5 in extension.

Alternative scenario: Above 128.85, we expect further upside with 129.65 and 130.35 target.

Technical Comments: the RSI is bearish mixed.

[nurdiantofxwave]

When move around daily pivot level (128.15), GBP/JPY can not move up, otherwise it retrace down after move around this level. price still affect by bearish medium trend. price will touch 127.59 as daily support level 1 if it still continue down.

[sonyole]

For GBP / JPY, Monday, October 29, 2012.
GBP / JPY include pair with high volatility. In the time frame H1, AO indicator, MACD and CCI, is in the area sell. While WMA 100 and 50, will cross to sell. Therefore, the transaction is more secure sell with a target profit 127.05 (lowest October 24, 2012). Good luck .....

[mdjoy50]

Main ye thread GBPJPY ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon. good like forex forum indian

[kakpay]

Price
Date: 29/10/2012

Price and moving averages:
GBPJPY has closed above its Short time moving average.
Short time moving average is currently above mid-time, AND above long time moving averages.
The relationship between price and moving averages is: bullish in short-term, and bullish in mid-long term.

Bollinger Bands:
GBPJPY has closed below upper band by 29.3%.
Bollinger Bands are 37.9% wider than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

This commentary is not a recommendation to buy or sell. Use at your own risk.

[ashaab]

The short term trend of the pair is to the downside. Intraweek trading range of the pair is expected among key support at 125.70 and key resistance at 131.85. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

[Bieela_cute]

Elliott: flat correction down 127.14
It looks more likely that it would rise to 129.14 - 130.15 from 128.06 or 127.55. After which a downside move is expected.
Warning: Harami
Technical points
Key point 127.9500
Entry point 128.7500
Elliott 129.6500
Closing 128.1200
Projection 126.7100
Trendline 128.2900
Trendline 128.4300
Supports / Resistances
Res 2 130.1500
Ex-High 129.5800
Res 1 129.1400
Pivot 128.5700
Sup 1 127.5500
Ex-Low 128.0000
Sup 2 126.9800