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GBP/JPY Emerging Signal

admin — Mon, 26 Sep 2011 21:35:05 +0000

The pair retested the 118.85 awaited level, and reversed to the downside supported by the negativity on stochastic over four-hour basis. Therefore, we expect the resumption of the downside move for this week targeting 116.00. A breach above 118.85 may delay achieving the suggested targets.

The expected trading range for the week is among the key support at 115.00 and the key resistance at 120.35.

The short term trend is to the downside so far as 150.00 remains intact targeting 112.00.

Support: 118.00, 117.35, 116.90, 116.00, 115.40
Resistance: 118.85, 119.60, 120.35, 120.80, 121.30

Recommendation Based on the charts and explanations above we recommend selling the pair around 118.85 targeting 116.00 and stop loss with four-hour closing above 119.60 may be appropriate.

GBP/JPY Emerging Signal

admin — Thu, 22 Sep 2011 22:14:01 +0000

The pair successfully achieved the awaited downside targets noting that the bearishness yesterday sent the pair to trade below the all time record low at 118.82. Accordingly, and due to the persistent negative pressure by the 50 EMA we expect continuation of the downside move over intraday basis, fluctuations among 118.82-119.45 may preceded the awaited move toward 116.00 level. 119.45 should remain intact for our expectations to remain valid.

The expected trading range for the day is among the key support at 117.50 and the key resistance at 121.30.

The short term trend is to the downside so far as 150.00 remains intact targeting 112.00.

Support: 118.00, 117.50, 116.90, 116.00, 115.40
Resistance: 118.85, 119.45, 120.35, 120.80, 121.60

Recommendation Based on the charts and explanations above we recommend selling the pair around 119.45 targeting 116.90 and stop loss above 120.35 may be appropriate.

GBP/JPY Emerging Signal

admin — Wed, 21 Sep 2011 23:34:45 +0000

The pair maintains stability below the previously breached 120.65 level, zooming into the hourly time frame; a bearish formation has developed supporting the continuation of trading among the descending channel shown on image. Accordingly, we expect an intraday downside move targeting initially 118.00 and 117.50, stability below 120.65 is required to achieve the awaited targets.

The expected trading range for the day is among the key support at 117.50 and the key resistance at 121.30.

The short term trend is to the downside so far as 150.00 remains intact targeting 112.00.

Support: 119.80, 118.85, 118.00, 117.50, 116.90
Resistance: 120.35, 120.65, 121.30, 122.10, 122.62

Recommendation Based on the charts and explanations above we recommend selling the pair around 120.35 targeting 118.85 and stop loss with hourly closing above 121.10 may be appropriate

GBP/JPY Emerging Signal

admin — Tue, 20 Sep 2011 01:57:21 +0000

The pair continues to trade negatively among the main descending channel as shown on image. Stability below the breached support at 121.30 supports maintaining the downside bias. Therefore,we expect more bearishness this week, supported by the 50 EMA, and targeting 118.00. The move requires stability below 122.10.

The expected trading range for the week is among the key support at 117.50 and the key resistance at 122.10.

The short term trend is to the downside so far as 150.00 remains intact targeting 112.00.

Support: 120.50, 119.80, 118.85, 118.00, 117.50
Resistance: 121.30, 122.10, 122.65, 123.30, 124.00

Recommendation Based on the charts and explanations above we recommend selling the pair around 121.30 targeting 119.80 and stop loss with four-hour closing above 122.10 may be appropriate.

GBP/JPY Emerging Signal

admin — Wed, 14 Sep 2011 19:08:35 +0000

Trading settled below 122.00 mark, while the downside side bias continues over intraday basis as shown on image. The 50 EMA continues to pressure the pair negatively, therefore we expect more intraday bearishness for today targeting initially 120.00 and 118.85. Trading above 122.00 may delay achieving the awaited targets.

The expected trading range for the day is among the key support at 118.00 and the key resistance at 123.30.

The short term trend is to the downside so far as 150.00 remains intact targeting 112.00.

Support: 120.50, 119.80, 118.85, 118.00, 117.50
Resistance: 121.25, 122.00, 122.65, 123.30, 124.00

Recommendation: Based on the charts and explanations above we recommend selling the pair around 122.00 targeting 120.00 and stop loss above 123.30 may be appropriate

GBP/JPY Emerging Signal

admin — Tue, 13 Sep 2011 18:25:31 +0000

The pair is trading within a narrow range since last night maintaining stability above 122.00, where Stochastic is gradually loosing positivity. The 50 EMA continues to pressure intraday trading negatively; thus, we expect a downside intraday move for today targeting mainly 120.00. The downside move requires stability below 123.30.

The trading range for the day is expected among the key support at 120.00 and the key resistance at 123.55.

The short term trend is to the downside as far as 150.00 remains intact with targets at 112.00.

Support: 122.00, 121.25, 120.50, 119.80, 118.85
Resistance: 122.20, 123.30, 124.00, 124.65, 125.30

Recommendation Based on the charts and explanations above we recommend selling the pair with hourly closing below 122.00 targeting 120.00 and stop loss above 123.30 might be appropriate.

GBP/JPY Emerging Signal

admin — Mon, 12 Sep 2011 21:42:22 +0000

Trading continues within the main descending channel shown on the image above, where the pair breached lately the pivotal support at 123.30, which is a negative factor that supports the continuation of the downside move for this week. The next target resides at 120.00 and requires stability below 124.00 over daily basis.

The trading range for the week is expected among the key support at 118.85 and the key resistance at 125.15.

The short term trend is to the downside as far as 150.00 remains intact with targets at 112.00.

Support: 122.20, 121.25, 120.50, 119.80, 118.85
Resistance: 123.30, 124.0, 124.65, 125.30, 126.15

Recommendation Based on the charts and explanations above we recommend buying the pair below 123.30 targeting 121.25 and stop loss with daily closing above 124.00 may be appropriate.

GBP/JPY Emerging Signal

admin — Wed, 07 Sep 2011 17:11:50 +0000

The 50 EMA managed to halt the upside move, to reverse to the downside again, although we witnessed a test of levels just above 125.00, but the pair dipped quickly below the level without acquiring any four-hour closing above; this is a negative sign, where stability below 123.20 minor support may extend the downside movement.

The trading range for the week may be among the major support at 120.80 and the major resistance at 127.30.

The short term trend is to the downside targeting 112.00 as long as 150.00 remain intact.

Support: 123.20, 122.70, 122.20, 121.40, 120.80
Resistance: 124.00, 124.65, 125.00, 125.85, 126.15

Recommendation Based on the charts and explanations above we recommend selling the pair below 124.00 targeting 122.20 and stop loss above 125.00 might be appropriate.

GBP/JPY Emerging Signal

admin — Thu, 01 Sep 2011 13:58:01 +0000

The pair is trading within the same range since yesterday, attempting to settle on the 50 EMA again. Trading continues within the main descending channel in addition to the negative pressure coming from the 50 EMA, accordingly we continue to hold onto our intraday bearish expectations targeting 123.30 followed by 122.55. Stability below 126.40 is necessary to our expectations to remain possible.

The trading range for the week may be among the major support at 120.00 and the major resistance at 126.40.

The short term trend is to the downside targeting 112.00 as long as 150.00 remain intact.

Support: 124.65, 124.00, 123.30, 123.00, 122.55
Resistance: 125.05, 125.50, 126.15, 126.40, 127.35

Recommendation Based on the charts and explanations above we recommend selling the pair around 125.50 targeting 123.30 and stop loss above 126.40 might be appropriate.

GBP/JPY Emerging Signal

admin — Thu, 01 Sep 2011 00:23:23 +0000

The pair continued stabilizing inside the bearish channel seen on the graph. In the interim, SMA 50 is still pressuring the pair negatively. As a consequence, potential downside actions could be seen today, targeting 123.30, followed by 122.55 as far as 126.50 remains intact.

The trading range for the week may be among the major support at 120.00 and the major resistance at 126.50.

The short term trend is to the downside targeting 112.00 as long as 150.00 remain intact.

Support: 124.65, 124.00, 123.30, 123.00, 122.55
Resistance: 125.05, 125.60, 126.15, 126.50, 127.35

Recommendation Based on the charts and explanations above we recommend selling the pair around 125.60 targeting 123.30 and stop loss above 126.50 might be appropriate.