GBP JPY

[Samirofi]

Stochastic supports the GBP JPY positivity 5/8/2013



The pair still keeps its positivity above the moving average 55 to settle within the upside channels that appears in the image, therefore, we continue to expect the positivity in the upcoming period to reach 151.80 followed by 153.10 levels.

Stochastic supports the bullish bias domination by breaching 50 level, to form bullish wave that approaches 80 level as shown in the image.

Expected trading range is between: 149.80 and 153.00


Expected trend for today: Bullish

[Samirofi]

GBP JPY is in tight range 8/8/2013



The pair rallied suddenly in yesterday’s trading achieving 147.60 to return to settle above the support level 148.10 which is supported by 23.6% Fibonacci, to notice the stability of the price in tight range between the moving average and the support level, thus we recommend monitoring the trading for today until breaching one of the previous levels.

We should mention that the stability of the support level will push the price to breach the moving average and resume the positivity to visit 151.80, while breaking below the previous support will make a negative scenario begin by achieving negative levels that start at 146.20

Expected treading range is between 148.00 and 150.00


Expected trend for today: neutral

[Samirofi]

GBP JPY returns to the positivity 9/8/2013



The pair returns to settle above the main support level at 148.10 recording 150.30 since morning trading, to support resuming the bullish bias in the upcoming period and achieve the initial target around 151.80 followed by 153.20


Carefully note that the stability of the support level sustains the bullish bias domination, but Stochastic gaining for the positive momentum is required to achieve the mentioned levels

Expected trading range is between 149.00 and 151.80

Expected trend for today: bullish

[Samirofi]

GBP JPY waiting for the bullish momentum 12/8/2013



The pair return to form sideways bias by settling around 149.50 keeping its positivity by settling inside the bullish channel as appears in the above chart, therefore the stability of the support level at 148.55 for today, supporting the bullish expectation to achieve 151.00 and followed 153.20 in the upcoming period.

Stochastic settles around 50 level waiting for achieving positive momentum to support our bullish expectation to achieve the previously mentioned targets levels.

Expected trading range is between 148.80 and 151.00

Expected trend for today: bullish

[Samirofi]

GBP JPY gains some positive momentum 13/8/2013



By the above chart we notice the stability of the pair positively achieving 150.40 after Stochastic providing the required positive momentum by breaching 50 level, thus we continue in expecting the positivity in the near and medium period to achieve 151.00 and followed 153.20 as main targets for the bullish bias.

Expected trading range is between 149.80 and 151.80

Expected trend for today: bullish

[Samirofi]

GBP JPY remains positive 15/8/2013



The pair continued to achieve bullish levels yesterday, hitting 152.50 level, affected by the recently dominating bullish bias, and we notice the price stability around 151.60 since morning, which supports the expectations to resume the positive actions to reach 153.20 initially.

Stochastic continues to offer positive momentum by settling around 80 level to support the positive overview.

Expected trading range for today is between: 150.90 and 153.20

Expected trend for today: Bullish

[PCMAnalyst]

We can see three harmonic pattern at the same time and through August 21th the time will be fulfilled in H4 TF. By such a condition we expect to have the price dropped with this pair if the supply rises.

[Samirofi]

GBP JPY is in sideways range 19/8/2013



The stability of the resistance level 153.20 keeps holding against the price rise to form sideways bias until gaining the positive momentum to breach the previous level to reach 155.05 as a new positive target, therefore we expect the continuation of the price fluctuation between the current resistance and 150.90 until achieving the required momentum to resume the positivity in the upcoming period.

Stochastic stability continues around 80 level, supporting the positivity generally without gaining the positive momentum until this moment.

Expected trading range is between 151.00 and 153.20

Expected trend for today: sideways.

[Samirofi]

GBP JPY is below the resistance 20/8/2013



The pair failed to settle above 153.00 yesterday, noticing that the price returns to settle around 152.40 since this morning trading, which makes us expect more sideways trading to limit the price between the previous resistance and 151.00 until gaining the required positive momentum to resume the previously expected positivity.

Stochastic gets rid of the overbought level to regain the required positive momentum to breach 153.20 in order to renew the positivity in the upcoming period.

Expected trading range is between 151.40 and 153.20

Expected trend for today: sideways until achieving the required breach

[PCMAnalyst]

We can see happening of a shark pattern on the Daily TF. , we predict a drop with the price If the negative divergence confirms it as well.