Gbp/Jpy

[ashaab]

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 122.60 and key resistance at 125.50. Based upon my chart analysis, I prefer to buying the pair around 124.05 with targets 124.50, 125.00 then 125.80 and stoploss with four hour candle closing below 123.20.

[devloppman]

Support & Resistance 29/08/2012

Sup 1 : 124,46
Sup 2 : 124,77
Sup 3 : 125,17

PIVOT : 124,06

Res 1 : 123,75
Res 2 : 123,75
Res 3 : 123,05

[Opplus]

GBP/JPY's pull back from 125.51 could still extend lower. But note again that as long as 123.26 minor support holds, further rally is still in favor. Above 124.63 minor resistance will flip bias back to the upside. Decisive break of 125.51/82 resistance zone will confirm resumption of whole rebound from 118.82 and should target 100% projection of 118.82 to 125.82 from 120.82 at 127.82 next. However, note that break of 123.26 will dampen our bullish view and turn focus back to 120.82 support instead.

[zachaeus]

Then pair is trading very strongly at moment with bullish sentiment, both 1 hour and four trends are bullish but it has touched pivot point an area which also coincided with trendline resistance and so is showing some pullback, hope to see further continuation to at least 124.52 or even pivot resistance 2 at 124.75

[hazem ahmed mohamed]

i think that we should sell GBPJPY now as we have a resistance level on the daily chart @38.2% so i predict that this pair will move downward on the short term our target point will be@23.6%.

[amr amer]

we can sell at 125.20 and 126.00 our stop will be a daily close above 126.20 our target will 123.20

[ashaab]

The short term trend of the pair is to the downside. Intraday trading range of the pair is expected among key support at 122.60 and key resistance at 125.50. Based upon my chart analysis, I prefer to buying the pair above 123.75 with targets 124.50 then 125.80 and stoploss with four hour candle closing below 122.60.

[devloppman]

Support & Resistance 28/08/2012

Sup 1 : 124,56
Sup 2 : 124,79
Sup 3 : 124,98

PIVOT : 124,38

Res 1 : 124,15
Res 2 : 124,15
Res 3 : 123,73

[Opplus]

GBP/JPY's pull back from 125.51 extends lower today and deeper fall could be seen. But after all, as long as 123.26 minor support holds, further rally is still in favor. Above 124.63 minor resistance will flip bias back to the upside. Decisive break of 125.51/82 resistance zone will confirm resumption of whole rebound from 118.82 and should target 100% projection of 118.82 to 125.82 from 120.82 at 127.82 next. However, note that break of 123.26 will dampen our bullish view and turn focus back to 120.82 support instead.

[esif]

Today in Asian session we see the dominance of JPY.Its so strong against most of the pair.GBP/JPY fall over 75 pips.Its go down from 124.40 to 123.65.The pivot line is 124.39.
The support is in 124.17, 123.96, 123.74
The resistance at 124.60

you are right jpy was stronger today, and i am expecting that the pair can climb 124.33 max, and then it will go for its 61.8 Fibonacci level on 4 hours timeframe, which is 123.15, so i will vote a down trend for the pair.