Gbp/Jpy

[hors]

resistance 3:184.84
resistance 2:183.55
resistance 1:180.88

pivot point :179.45

support 1:177.56
support 2:176.44
support 3:175.69

[dexgotastra]

My analysis on the GBPJPY is ABCD pattern. But here I see the point D fibo level of 1618 is not valid. My advice do not always deal in this pair, because of the high risk to buy despite of the pattern should we Buy. please see the picture daily time frame GBPJPY

[Gamabunta]

The price of the pair influenced steadily axis SMA 55 at 181.35 to continue the formation of a strong constraint on emerging attempts and back price for attacking the support level at about 177.50, the price is currently facing a large discrepancy between the rising channel support stability with a negative moving average continued to stay on the sidelines until a clearer picture better and then determine future goals.

We note that negative pressure may be the price of breaking the current level of support and opens up the price to record some of the losses, which starts from 176.20 down to the level of 175.10 to form the final level the level of the neck of the model summits to support the surrender of price control Almah.oma support stability will force the price on the rush positively about attacking the moving average again.

Expected trading range between 181.35 and 177.15.

[ng1985]

pair- gbp/jpy
time frame to analysis- m15



the up movement of the price is moved to the resistance at 179.85 level and rsi is moved to the overbought level. if the price is rejecting down from resistance and close below the 179.25 level then short with take profit at 177.80 and stop loss at 180.55
good luck

[Gamabunta]

March 20, 2015 update:

The price of the pair moves starting wave (181.06) It is noted that the limits of the line the main direction drawn to this wave along the between-level (178.30) and (177.73 is worth mentioning that the current wave goal access to the area (177.16) and with respect to trades that day will be watching the movement Price among level (177.62) and level (178.48) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (177.73) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (179.92) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (177.33) - the second support (176.44) - First resistance (179.52) - a second resistance (180.81).

[ducd3vaizo]

Daily Forecast

Pair: GBPJPY
Major Trend: Bearish
Time Frame: H1
Reason: Market predicted to correction at the pivot point at 178.66. After that, the market will lead to 177.74
Recommendation: Sell limit in 178.66

[Gamabunta]

The price of the pair of mixed trading ended during the recent period presenting the closing price below the axis of the moving and centered average at 180.80 for the day, so expect the restoration of price main tendency bearish close for the period and expect to record a new losses starting from 177.15 down to the level of the rising channel support at 175.90.

Stochastic back to support the negative weighting its stability within the saturation level sales and increases the negative pressure on the next trading until the arrival of the price of the goals ahead.

Expected trading range between 180.25 and 177.15.

[hors]

flat correction up 177.65

Supports / Resistances
Res 2 180.51
Res 1 180.01
Pivot 177.68
Sup 1 176.74
Sup 2 175.92

[Gamabunta]

March 18, 2015 update:

The price of the pair moves starting wave (183.92) It is noted that the limits of the line the main direction drawn to this wave along the between-level (179.39) and (179.42 is worth mentioning that the current wave goal access to the area (178.52) and with respect to trades that day will be watching the movement Price among level (178.57) and level (179.04) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (178.55) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (180.14) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (178.28) - the second support (177.62) - First resistance (179.87) - a second resistance (180.80).

[1240]

as expected this pair making a strong bearish movement right after the news release yesterday Thanks