Analysis GBP/JPY

[MDunleavy]

GBP/JPY

The GBP/JPY pair succeeded in achieving the expected bearishness yesterday, seen on the secondary four-hour chart. We still believe that additional downside movements could be witnessed over intraday basis, supported by the previous explained Elliott scenario. A break of 139.90 will confirm and accelerate the suggested negative scenario.
The trading range for the week is among key support at 135.50 and key resistance at 144.15.
The general trend is to the downside as far as 167.40 remains intact with target at 116.00.
Support: 140.00, 139.25, 138.60, 137.90, 137.25
Resistance: 141.00, 141.50, 142.25, 142.75, 143.45
Recommendation Based on the charts and explanations above our opinion is, selling the pair with a breakout below 139.90 targeting 137.60 and stop loss above 141.60 might be appropriate.[Written by ecPulse.com]

"P&F GBPJPY1440 Box Size 425X3 or(6.89%) CLOSE
Data 251.09 - 118.81 ~ 92 Month ~ 2809 Day
Database 2000 records 140.061 (Last Close)
2002-06-04 00~00
2010-02-11 00~00 (GMT+01:00) Paris
BJF Trading Group chart"

250.75|~425||____________________________________________________|0.14%|111.05%
246.50|~85O||____________________________x_______________________|1.83%|107.47%
242.25|~1275|____________________________x_o_____________________|3.52%|103.9%
238.00|~17OO|________________________x___x_o_x___________________|5.21%|100.32%
233.75|~2125|________________________x_o_x_o_x_o_________________|6.91%|96.74%
229.50|~255O|________________________x_o_x_o_x_o_________________|8.6%|93.17%
225.25|~2975|________________________x_o_x_o___o_________________|10.29%|89.59%
221.00|~34OO|________________________x_o_______o_________________|11.98%|86.01%
216.75|~3825|________________________x_________o_________________|13.68%|82.43%
212.50|~425O|____________________x___x_________o_x_______________|15.37%|78.86%
208.25|~4675|____________________x_o_x_________o_x_o_____________|17.06%|75.28%
204.00|~51OO|________x___x___x___x_o_x_________o_x_o_____________|18.75%|71.7%
199.75|~5525|________x_o_x_o_x_o_x_o___________o_x_o_____________|20.45%|68.13%
195.50|~595O|x___x___x_o_x_o_x_o_x_____________o_x_o_____________|22.14%|64.55%
191.25|~6375|x_o_x_o_x_o___o_x_o_______________o___o_____________|23.83%|60.97%
187.00|~68OO|x_o_x_o_x_____o_______________________o_____________|25.52%|57.39%
182.75|~7225|x_o___o_x_____________________________o_____________|27.22%|53.82%
178.50|~765O|______o_______________________________o_____________|28.91%|50.24%
174.25|~8O75|______________________________________o_____________|30.6%|46.66%
170.00|~85OO|______________________________________o_____________|32.3%|43.09%
165.75|~8925|______________________________________o_____________|33.99%|39.51%
161.50|~935O|______________________________________o_____x___x___|35.68%|35.93%
157.25|~9775|======================================o=x===x=o=x=o=|37.37%|32.35%
153.00|~1O2O|______________________________________o_x_o_x_o_x_o_|39.07%|28.78%
148.75|~1O62|______________________________________o_x_o_x_o___o_|40.76%|25.2%
144.50|~11O5|______________________________________o___o_x_____o_|42.45%|21.62%
140.25|~1147|__________________________________________o_x_____o_|44.14%|18.05%
136.00|~119O|==========================================o=x=====o=|45.84%|14.47%
131.75|~1232|__________________________________________o_x_______|47.53%|10.89%
127.50|~1275|__________________________________________o_x_______|49.22%|7.31%
123.25|~1317|__________________________________________o_x_______|50.91%|3.74%
119.00|~136O|__________________________________________o_________|52.61%|0.16%
114.75|~14O2|____________________________________________________|54.3%|-3.42%
Column|~1445|4_3_3_4_6_3_3_4_4_3_5_3_9_4_6_5_3_115_163_9_103_3_6_|
Count



BJF-Trading-Group_Excel_Chart

 

[mj_zaini]

sy stuju dgn cdngn mystery....buat apa yg tbaik utk kwn2 pair gj,
TQ broooo............

 

[MDunleavy]

Trade Idea: GBP\JPY - Sell-Limin at 133.20; Target: 126.10 ; Stop: 135.00
=========================================================================
The GBPJPY attempted to push higher yesterday, topped at 134.79 but whipsawed to the downside, bottomed at 131.82 and hit 130.40 earlier today in Asian session. The bias is bearish in nearest term testing 129.89 area. However price is already in oversold area so watch out for potential upside correction testing 133.00 resistance area. Break above that area could lead us into no trading zone as direction would become unclear but the main scenario remains to the downside and I still prefer short on rallies strategy at this phase.

"P&F GBPJPY1440 Box Size400X3 or(6.49%) HI/LO
Data 251.09 - 118.785 ~ 92 Month ~ 2812 Day
Database 2001 records 131.555 (Last Close)
2002-09-06 00~00
2010-05-19 00~00 (GMT+01:00) Paris
BJF Trading Group chart"

252.00|~4OO||________________+_______________________________|-0.36%|112.15%
248.00|~8OO||________________x_o_____________________________|1.23%|108.78%
244.00|~12OO|________________x_o_+___________________________|2.82%|105.41%
240.00|~16OO|____________x___x_o_x_+_________________________|4.42%|102.05%
236.00|~2OOO|____________x_o_x_o_x_o_+_______________________|6.01%|98.68%
232.00|~24OO|____________x_o_x_o_x_o___+_____________________|7.6%|95.31%
228.00|~28OO|____________x_o_x_o_x_o_____+___________________|9.2%|91.94%
224.00|~32OO|____________x_o___o_x_o_______+_________________|10.79%|88.58%
220.00|~36OO|____________x_____o___o_________+_______________|12.38%|85.21%
216.00|~4OOO|____________x_________o___________+_____________|13.98%|81.84%
212.00|~44OO|____________x_______+_o_x___________+___________|15.57%|78.47%
208.00|~48OO|____x_______x_____+___o_x_o___________+_________|17.16%|75.11%
204.00|~52OO|____x_o_x___x___+_____o_x_o_____________+_______|18.75%|71.74%
200.00|~56OO|____x_o_x_o_x_+_______o_x_o_______________+_____|20.35%|68.37%
196.00|~6OOO|x___x_o_x_o_x_________o___o_________________+___|21.94%|65%
192.00|~64OO|x_o_x_o___o_______________o___________________+_|23.53%|61.64%
188.00|~68OO|x_o_x___+_________________o_____________________|25.13%|58.27%
184.00|~72OO|__o_x_+___________________o_____________________|26.72%|54.9%
180.00|~76OO|__o_+_____________________o_x___________________|28.31%|51.53%
176.00|~8OOO|__+_______________________o_x_o_________________|29.91%|48.17%
172.00|~84OO|__________________________o_x_o_________________|31.5%|44.8%
168.00|~88OO|__________________________o___o_________________|33.09%|41.43%
164.00|~92OO|______________________________o_x_______________|34.68%|38.06%
160.00|~96OO|______________________________o_x_o_x___x_______|36.28%|34.7%
156.00|~1OOO|______________________________o_x_o_x_o_x_o_____|37.87%|31.33%
152.00|~1O4O|______________________________o_x_o_x_o_x_o_x___|39.46%|27.96%
148.00|~1O8O|______________________________o_x_o_x_o___o_x_o_|41.06%|24.59%
144.00|~112O|______________________________o_x_o_x_____o_x_o_|42.65%|21.23%
140.00|~116O|______________________________o___o_x_____o___o_|44.24%|17.86%
136.00|~12OO|__________________________________o_x_______+_o_|45.84%|14.49%
132.00|~124O|__________________________________o_x_____+___o_|47.43%|11.13%
128.00|~128O|__________________________________o_x___+_____+_|49.02%|7.76%
124.00|~132O|__________________________________o_x_+_________|50.62%|4.39%
120.00|~136O|__________________________________o_+___________|52.21%|1.02%
116.00|~14OO|__________________________________+_____________|53.8%|-2.34%
Column|||||||3_4_7_4_3_3_1_4_6_8_5_1_4_1_3_1_6_1_1_3_3_5_3_5_|
Count||||||||____________2_________1___1___O___1_O___________|




BJF-Trading-Group_Excel_Chart

 

[haleasya]

JMHO....
Next week cud be interesting, depending on monday n teusday's PA. Rasa ramai agree byk indi dah start pointing to downtrend since last friday. Tak byk support to be tested sekitar 2 jer, 131.60 dan 128.50, lepas tu, down we go, expected at least 126ish.
My overall bias still bearish, considering crisis pd euro zone, I think the worst is yet to come...

 

[haudli]

Salams untuk warga CG dan selamat berpuasa...

Lama juga saya tak berkunjung ke CG ni almaklum sibuk memanjang

Tapi arini saya rindu plak ngan CG ni ...

buka punya buka terlihatla forum analisis pair ganaz niii.. hi hiii.. (pair kesayanganku)

Ok la kengkawan... apa kata kita hidupkan semula analisis GJ ni kat sini, jika setuju kita sama2 membuat analisis untuk pair ganaz nii

Jika semua peminat GJ ni OK, saya akan memberi analisis saya berkaitan pair GJ sahaja, sebab saya takde men pair lain kecualai GJ sahaja..

saya tunggu respon anda semua,, Thanks

Mystery

menjinakkan GJ juga impian saya,hope bole dimanfaatkan thread ni..

 

[exllon]

sunyi dah thread ni..

GJ hit resistan level 61.8 more push up we will see 134 next stop..let see..

 

[impreza3030]

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---> apa yg kulihat, rejection di 61.8 ini cukup utk melihat GJ terjun tiruk kedasar Laut China Selatan @ 121.xx .
pndpt 2 sen aku je ni.

 

[ismandi76]

ada predic tuk GJ tak?hehehehe

 

[[V]endetta]

tak berani teman nk main pair ni huhu

 

[tomie]

tak berani teman nk main pair ni huhu

lama tak jenguk pair gajah ni...:-?

masih ada dlm broka ka..? ):">