Gbp/Jpy

[Bieela_cute]

15 Oktober 2012
Elliott: zigzag or flat correction 126.65
Current rise should end around 126.31. Objectives of this downmove are 125.64 or 125.25. A rise above 126.58 is again bullish.
Warning: Imminent end of bullish move
Technical points
Key point 126.4300
Entry point 126.1700
Elliott 124.7500
Closing 126.0400
Projection 126.6500
Trendline 125.5200
Trendline 126.3000
Supports / Resistances
Res 2 126.5800
Ex-High 126.1900
Res 1 126.3100
Pivot 125.9200
Sup 1 125.6400
Ex-Low 125.5200
Sup 2 125.2500

[Bieela_cute]

GBPJPY next week

Elliott: flat correction down 125.35
It may attempt a test higher to 126.56 - 127.16 after which weakness may set it to a drift down to 124.83 limit.
Technical points
Key point 126.1600
Entry point 126.3600
Elliott 127.8200
Closing 126.0400
Projection 125.3500
Trendline 127.0800
Trendline 126.3300
Supports / Resistances
Res 2 128.2800
Ex-High 127.0700
Res 1 127.1600
Pivot 125.9500
Sup 1 124.8300
Ex-Low 124.7500
Sup 2 123.6300

[amni570]

GBP/USD Buy Stop 1.60461 TP:1.61061 TP2:1.61661 SL:1.59861

[forexking2]

After that the price touched pair checkpoint (head and shoulders) over the price of 124.80 bounced upward to try to test the breached canal around 126.70.

[Mr.Strong]

Trend is expected today: UP

Powerful region today: 125.40

Pair above 125.40 to buy the following objectives 125.80 then 126.30

The pair down 125.40 for sale the following objectives 124.95 then 124.60

[nurdiantofxwave]

GBP/JPY success to keep up movement until now. Price still in area between daily pivot level and ressistance 1. If it can move up strongly, it may break daily ressistance 1 level (126.23) and then can touch 126.69 as a weekly pivot level.

[gandha]

The movement of this currency pair seems still have to wait for confirmation, while EMA-Short Term (red line) and the Long-Term-EMA (blue line) meet, so the bias for now still can not be determined, even though there is a signal up. MACD it gives an indication to go down, where the indicator numbers start moving closer to area zero (0). However, Stochastics have opinions sendirim, where the indicator numbers actually start to move up to try menarih figures 40-50. If the confirmed price increases, the resistance range will be listed in 125.94 (50% Fibonacci retracement), 126.40 (61.8% Fibonacci retracement) and 127.86 (100% Fibonacci retracement). However if the price moves contrary, the range of support that will be recorded at 125.40 (38.2% Fibonacci), 124.93 (23.6% Fibonacci retracement) and 124.02 (Fibonacci Retracement 0%).

[romannil]

Gbp/jpy technical analysis for 12.10.2012 by using : Auto pivot indicator .

resistance 3:127.70
resistance 2:126.92
resistance 1:126.30

pivot point :125.52

support 1:124.91
support 2:124.13
support 3:123.51

[tradergalau]

Same with EURJPY, I think GBPJPY also in bullish sentiment after 125.60 resistance breaking yesterday. Now, GBPJPY is trying to reach the yesterday's high. If GBPJPY can break the yesterday's high, I think this pair will go up more higher to the resistance level at 126.60.

[Bieela_cute]

Elliott: irregular flat correction up 126.66
Currently uptrend should end around 125.91 - 126.30 area. A correction down to below 124.92 is expected. A rise above 126.91 will abort the expected correction.
Warning: Engulfing pattern
Technical points
Key point 125.9400
Entry point 125.3400
Elliott 124.7500
Closing 125.6900
Projection 126.1400
Trendline 125.3800
Trendline 125.3800
Supports / Resistances
Res 2 126.9100
Ex-High 126.1400
Res 1 126.3000
Pivot 125.5300
Sup 1 124.9200
Ex-Low 124.7500
Sup 2 124.1400