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GBP/JPY Analysis


acunmeswew

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  • 1 year later...
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GBPJPY Technical Trading  Signals for Tue, 16 Sep 2014.  Confirmation and futurer calculation is requeired.

 

Buy 3rd Target (Overbought Level) @175.35
Buy 2nd Target (Reversal Start) @174.95
Buy 1st Target @174.56
Buy Area @174.33
Pivot point  @174.06
Sell Area at 173.81
Sell 1st Target at 173.55
Sell 2nd Target (Reversal Lerlvel) at 173.16
Sell 3rd Target (Oversold ) at 172.77
Trend : BEARISH

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  • 2 months later...
  • 11 months later...

The price is strengthening to 189.62. Condition of stochatic which already overbought will limiting GBPJPY's movement, but if the resistance has been passed, then GBPJPY will rise to the higher level and even trying to break the second resistance level 192.85 at most.

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  • 2 weeks later...

Wow, Tweezer Bottom formed and indicated there is an encouragement for buy. Even like that because of the previous movement restrained by MA100 so the price must pass it first before confirmed the next bullish not to mention Stoch already start a new crossover between the price.

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  • 2 weeks later...

Correction and it seems the price do that because technically it is oversold at least by Stochastic. Technically  the weakening of GJ still able to continue to 179.15, but if the price could rise to 180.89 and the bullish potency still open wide, but if not as usual it will fall further.

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GJ's price now overbought according to stoch, but EMA25 and EMA 100 crossover still showing bullish singla and so do MACD(12,26,9) also the previous hours chart showing a reversal trend from bearish to bullish without any sign to stop. With this condition i predict the price may rise up to 179.35.

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  • 4 weeks later...

On H1 chart, GBPJPY start rise and want to break 169.35 and MA21. There should be a strengthening movement so this pair able to break that level and this prediction supported by Stochastic moving crossover line oversold zone. The resistance level at 172.59 could be the next target.

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  • 5 weeks later...

On H1 chart, GBPJPY tend to strengthening and the price is above pivot level now, it seems the prie is trying to test the resistance level. According to techincal indicators, the bullish trend dominate the market, and it is supported by Stochastic, CCI, and also MA100. The prediction is GBPJPY may rise up to around 159.95

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GBPJPY today's opening is below pivot so it seems for few hours the bearish will dominate the market, also it seems this pair now trying to break the resistance level. Technically, this bearish sentiment supported by Stochastic and CCI(14) which down to lower level. If this pair can break the support it may fall down deeper 157.000

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Even the movement seems slow and limited but GJ is able to break 161.000 at H4 chart and closed above it. Technically this may give bullish trend and it could continue to 164.000 also not to mention it has bullish engulfing formed before which may boost the price. RSI(14) is rise to 67, Stochastic to around 78 and MACD formed high higher.

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  • 2 weeks later...

The trend is overwhelmingly bullish since morning the price opened above pivot also EMA25 and MA100. But the challenge coming up with resistance level at 164.00 if the price able to break it then GJ may rise further but if failed there are bigger possibility for GJ to fall again.

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Still moving below MA100 on H1 time frame, GBPJPY didn't move so much yesterday, GBPJPY still hampered at above 159.94. At the moment, the movement is tend to sideways but if the price can break support during this session, then the chance for this pair to fall down is open.

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  • 2 weeks later...

GPBPJPY seems on its bullish state, as the price is moving above MA100 and MA20, not to mention based on other indicators such as RSI, it showed that the line is rise to level 77 and there is bigger chance with bullish engulfing pattern formed which may bring GBPJPY to 161.952 at most.

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  • 2 weeks later...

H1 chart saw the price is under bullish trend, the price also is moving above 153.83 which is today's pivot. But must be careful since today GBP CPI could affect the price totally. MACD and Stochastic is showing bullish signal with inverse hammer formed. The price may rise to around 154.76 and 156.32. If not it for the backup scenario, GJ may fall to 153.30

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  • 3 weeks later...

H1 chart, GBPJPY seems hold itself and "take a rest" after successfully break MA100. but still there is a big potency for bullish trend. At this condition, i put high hope that GJ may rise to higher price or at the exact place located at 164.00 which is today's resistance, but if something wrong happened the price for sure will corrected.

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  • 2 weeks later...

On h1 chart,  GBPJPY is still in bearish movement. correction this morning predicted to change to bearish again.Downward potency will be favour towards 153.00. This movement supported by KDJ and Stochastic which showing that the price is moving to near overbought area.

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  • 2 weeks later...

On H1 chart, technically the price of GBPJY is under bullish pressure, bolinger band also showing a bullish trend plus MACD is showing the same result. The only difference seems on MA100 and EMA50, where the price successfully break MA100 down but still cannot break EMA50. Overall it is bullish as far as i can say but current trend may rise and touch 158.70

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With the price closed back below MA100 right now GBPJPY open its chance to continue the bearish movement which started yesterday. Not just MA100 but MACD also indicated the same trend only KDJ which a bit different. The price predicted to fall to level 157.55 up to 157.10

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Gbpjpy pair go down and break the psychology level 161.09 , moreover the price also closed below sma (25) on 1 hour period time frame. RSI(14) and Stochstic fall to lower level, to 41 and 48 respectively. Macd also perform on low lower level indicated bearish pressure, Overall the bearish pressure is strong with support at 160.00.

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GBPJPY on H1 timeframe saw the formation of hanging man, and it also supported with RSI (14) which represent the price to lower level or to exactly to area 57. Stochastic (5,3,4) shown crossover on level 89 and Macd (12,26,9) dropped down back to below level 0. The bearish potential still big and price may fall to  160.90.

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GBPJPY is stable and seems like to move above sma (10) on H1 chart. RSI(14) as the other indicator indicated bullish trend with it rises to 33, Stochastic ascend to level 36, and Macd (12,26,9) indicated low higher. Price bullish bias if successful will able to break the area of 158.00.

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Doji formed on 30 minutes frame where the pair is GBPJPY, before the candle formed there was other formation which is bearish engulfing pattern. Even like that RSI(14) ascend to the area at 51 and Stochastic (5,3,3) rise to level 68, with Macd (12,26,9) formed lower high. Overall, with this there's chance to break upper band with the price may under strong bullish trend.

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