Gbp/jpy technical analysis for 29.10.2012 by using : Auto pivot indicator.
resistance 3:130.95
resistance 2:130.30
resistance 1:129.29
pivot point :128.64
support 1:127.63
support 2:126.98
support 3:125.96
Gbp/jpy technical analysis for 29.10.2012 by using : Auto pivot indicator.
resistance 3:130.95
resistance 2:130.30
resistance 1:129.29
pivot point :128.64
support 1:127.63
support 2:126.98
support 3:125.96
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GBPJPY can push to the 129 level, but there is no value in pushing beyond that area at this point
---------- Post added at 02:18 PM ---------- Previous post was at 02:10 PM ----------
GBPJPY can push to the 129 level, but there is no value in pushing beyond that area at this point
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GBPJPY next week
Elliott: elongated flat correction up 129.35
Resistances lie around 128.89 and 129.61. It should test lower towards 126.67 zone. A clear break of 128.00 would be bearish.
Warning: End of trend
Technical points
Key point 128.3000
Entry point 127.8100
Elliott 124.7500
Closing 128.1200
Projection 129.7200
Trendline 126.8200
Trendline 127.8700
Supports / Resistances
Res 2 131.1000
Ex-High 129.6500
Res 1 129.6100
Pivot 128.1600
Sup 1 126.6700
Ex-Low 126.7100
Sup 2 125.2200
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is nearing the low and the major revesal will happen soon.....watchout at 129 - 128 area to enter long next week good like forex good like
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form hua ta ise liye 50-60 pips upar ja sakta hai, ise hamer dina ka ya 4 ganta ka chart me mila to jada pips kama sakta hai. good like
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gbp/jpy technical analysis by using : average directional movement index
adx : 39.0078
+di : 8.2721
-di : 23.4893
timeframe : 1 hour
time : 1900
date : 26.10.2012
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The trading range for today is among the major support at 126.85 and the major resistance at 131.80.
The short-term trend is to the downside as far as 112.00 remains intact targeting 150.00.
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The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 126.85 and key resistance at 131.80. Based upon my chart analysis, I prefer to buying the pair above 129.05 with targets 130.35, 131.15 then 131.80 and stoploss with four hour candle closing below 128.25.
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Elliott: impulse wave up 130.03
Uptrend is still intact in a triangle configuration. It should continue to rally to 130.49 or 130.07 if support around 129.01 hold. After which a pullback to 129.01 - 128.69 zone is possible.
Warning: Imminent end of bullish move
Technical points
Key point 130.0600
Entry point 128.9100
Elliott 126.7100
Closing 129.4300
Projection 130.0300
Trendline 127.8100
Trendline 128.7700
Supports / Resistances
Res 2 130.7100
Ex-High 129.6500
Res 1 130.0700
Pivot 129.0100
Sup 1 128.3700
Ex-Low 127.9400
Sup 2 127.3000
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EURUSD "Golden Cross" and so what?
Review: Yesterday the Riksbank offered a surprise as it did not lower its interest rate.
However, it lowered its interest rate path and pointed out that the likelihood of an interest rate cut over the winter is strong. Hence central bank governor Stefan Ingves succeeded in finding backing for maintaining the rate unchanged. If the interest-rate committee had lowered the rate, Ingves would appear in a very bad light following his statements last week. The question was whether this meeting was a kind of ok-Ingves-you-screwed-up-with-your-statements-but-this-time-we-accept-to-keep-the-rate-unchanged-if-we-can-lower-it-next-time'meeting (i.e. if the economic indicators remain weak/unchanged) or whether others in the monetary-policy committee in actual fact share Ingves' concerns about private borrowing and the housing market.
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