Daily GBP/JPY analysis | Page 825 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

GBP/JPY, GBP/USD, and EUR/USD (technical analysis) 3,084 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

Adwa Daily GBP/JPY analysis 23 replies

Attachments: Daily GBP/JPY analysis
Exit Attachments

Daily GBP/JPY analysis

  • #16,481
  • Dec 5, 2012 6:54am Dec 5, 2012 6:54am
this is a level i am looking at.

Attached Image (click to enlarge)
Click to Enlarge Name: gbp_jpy_weekly.jpg Size: 75 KB
  • #16,482
  • Dec 5, 2012 5:08pm Dec 5, 2012 5:08pm
Gbp vs Jpy (1H) - Preferably, I believe market will perform a bearish reversal trend scenario either refering to the alt counts in yellow or white. A valid diagonal triangle pattern would bolster to this scenario. Otherwise, we may see a potential of triple top scenario in aqua (refer daily naked chart) before consideration for a reversal.

Eur vs Jpy (1H) - At the moment, I believe market have a good potential to perform a bearish reversal trend scenario either refering to the alt counts in yellow or white. A valid diagonal triangle pattern and follow by a breakout toward the aqua critical line would bolster to this scenario. Otherwise, please be careful for another bull rally in aqua. Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 1h.gif Size: 20 KB
Click to Enlarge Name: ej 1h.GIF Size: 18 KB
  • #16,483
  • Dec 6, 2012 5:16pm Dec 6, 2012 5:16pm
Gbp bs Jpy (1H) - At the moment, I believe market in progress to perform a bearish reversal trend scenario either to complete corrective wave a in white or yellow. A breakout to the lower red trendline would bolster to this scenario. Otherwise, please be careful for any breakout toward the white/yellow critical line.

Eur vs Jpy (1H) - At the moment, I believe market in progress to perform a bearish reversal trend scenario either to complete corrective wave a in white or yellow. Otherwise, please be careful if market bounce again from the bearish continuation critical line 1. Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 1h.gif Size: 20 KB
Click to Enlarge Name: ej 1h.GIF Size: 18 KB
  • #16,484
  • Dec 9, 2012 5:38pm Dec 9, 2012 5:38pm
Gbp vs Jpy (1) - At the moment, market just bounced from support. A breakout toward the aqua critical line would bolster to the bearish reversal trend scenario in yellow. Otherwise, we may see a potential of triple top scenario in white (b) or another bullish rally in magenta.

Eur vs Jpy (1H) - Preferably, I believed wave 5 is already completed and market in progress to perform a bearish reversal trend scenario. At the moment, I am looking forward market to perform a corrective wave b either in white or aqua before expecting toward another bearish continuation trend scenario. Otherwise, market may further go down to complete corrective wave a in yellow. Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 1h.gif Size: 19 KB
Click to Enlarge Name: ej 1h.GIF Size: 17 KB
  • #16,485
  • Dec 11, 2012 5:18pm Dec 11, 2012 5:18pm
Gbp vs Jpy (1H) - At the moment, I am looking toward a potential of "bull trap" pattern to complete corrective wave b either refering to the alt counts in yellow or white before expecting a bearish reversal trend scenario to perform corrective wave c. Otherwise, I believe we may see another bullish rally to complete wave 5 in aqua.

Eur vs Jpy (1H) - Favourably, I am looking toward a potential of a bearish continuation trend scenario to perform corrective wave c.either refering to the alt counts in yellow or white. A pullback from FR 61.8% would bolster to this scenario. Otherwise, I believe we may see a double top scenario in aqua. Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 1h.gif Size: 19 KB
Click to Enlarge Name: ej 1h.GIF Size: 18 KB
  • #16,486
  • Dec 12, 2012 5:19pm Dec 12, 2012 5:19pm
Gbp/Jpy and Eur/Jpy (1H) - At the moment, please be noted that the previous alt counts in yellow and white are already invalid (recount). I believed market in progress to complete wave 5 but its still yet remain to be seen which alt counts that is more in favour. Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 1h.gif Size: 19 KB
Click to Enlarge Name: ej 1h.GIF Size: 17 KB
  • #16,487
  • Dec 12, 2012 8:54pm Dec 12, 2012 8:54pm
Hi Guys...

Here is my analysis...Japan is going back to recession.It is small island nation which depends entirely on importing raw material and exporting finished goods.There target countries for exporting their finished goods are mainly EU and US.European nations and US are slowly recovering(by printing more money n pumping more money into markets).Japan economy will improve only when other economies improve.Right now,News is all against Japan and Yen will gain valve only when Japan central banks take some measures.
In my prospective they are already taking some measures by devaluing there currency and showing there products are available for low price.Nice move by central bank.if this move doesn't make any impact then they have only one option print more money.
Will see what happens...Here is my chart for this week.
Attached Image (click to enlarge)
Click to Enlarge Name: charts(13dec-aftr week-2).gif Size: 30 KB
I am a hunter...i kill both bulls and bears...
  • #16,488
  • Dec 13, 2012 5:29pm Dec 13, 2012 5:29pm
Gbp vs Jpy (1H) - At the moment, I believe market have a potential to perform another bullish continuation trend scenario either in yellow or aqua before any opportunity toward a bearish reversal trend scenario.Otherwise, we may see a further bearish reversal trend in white.

Eur vs Jpy (1H) - At the moment, I believe market will go futher up either in yellow or aqua before start to reverse. Otherwise, market will go down to perform corrective wave c/A in white. Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 1h.gif Size: 17 KB
Click to Enlarge Name: ej 1h.GIF Size: 16 KB
  • #16,489
  • Dec 14, 2012 11:03pm Dec 14, 2012 11:03pm
Quoting Jebatfx
Gbp vs Jpy (1H) - At the moment, I believe market have a potential to perform another bullish continuation trend scenario either in yellow or aqua before any opportunity toward a bearish reversal trend scenario.Otherwise, we may see a further bearish reversal trend in white.

Eur vs Jpy (1H) - At the moment, I believe market will go futher up either in yellow or aqua before start to reverse. Otherwise, market will go down to perform corrective wave c/A in white. Good luck.
A failure swing has occur in GBPJPY 14-day RSI. The 14-day RSI has reached its 14-day highest value which is a bullish signal.Three Daily white candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily white soldiers, the steady upward pattern is bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPjpy1225.png Size: 49 KB
  • #16,490
  • Dec 16, 2012 7:26pm Dec 16, 2012 7:26pm
Quoting Jebatfx
Gbp vs Jpy (1H) - At the moment, I believe market have a potential to perform another bullish continuation trend scenario either in yellow or aqua before any opportunity toward a bearish reversal trend scenario.Otherwise, we may see a further bearish reversal trend in white.

Eur vs Jpy (1H) - At the moment, I believe market will go futher up either in yellow or aqua before start to reverse. Otherwise, market will go down to perform corrective wave c/A in white. Good luck.
...
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_weekly.jpg Size: 67 KB
  • #16,491
  • Edited 8:04pm Dec 16, 2012 7:30pm | Edited 8:04pm
Quoting longshot_nl
...
short ey, currently 52 green pips
New voice message: Why are you calling me? If I need you, I'll call you!
  • #16,492
  • Dec 16, 2012 7:57pm Dec 16, 2012 7:57pm
Back in GJ land ...

Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 69 KB
  • #16,493
  • Dec 17, 2012 6:00pm Dec 17, 2012 6:00pm
Favourably, I am looking toward a potential of a bearish reversal trend scenario in white. A false breakout from the bullish continuation critical line 1 would bolster to this scenario. Or market in favour refering to the alt counts in yellow if market break the lower red trendline and the bearish continuation critical line 1. Otherwise, we may see another bull rally in aqua. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 1h.gif Size: 18 KB
  • #16,494
  • Dec 18, 2012 5:50pm Dec 18, 2012 5:50pm
At the moment, I believe market in progress to complete wave 5. A potential toward a bearish reversal trend scenario either refering to the alt counts in white or yellow still remain to be seen later. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 1h.gif Size: 17 KB
  • #16,495
  • Dec 18, 2012 9:17pm Dec 18, 2012 9:17pm
Quoting Jebatfx
At the moment, I believe market in progress to complete wave 5. A potential toward a bearish reversal trend scenario either refering to the alt counts in white or yellow still remain to be seen later. Good luck.
maybe temporarily, but the overall trend is very much bullish. my next t/p is 140.004. based on weekly. it broke through resistance last week at 133.468 and closed way above it. i wouldn't be surprised at all, with the fundamentals /recent news in japan and based on technicals if we see or get close to 140. IMO ADX on 1 day ^62
  • #16,496
  • Dec 18, 2012 11:17pm Dec 18, 2012 11:17pm
Let's see what happens at 137.8 or so

Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 86 KB
  • #16,497
  • Dec 18, 2012 11:44pm Dec 18, 2012 11:44pm
And one more ..

Look familiar?

Attached Image



Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 69 KB




Then maybe it'll just continue on up to 140 and beyond (like 146)
  • #16,498
  • Dec 20, 2012 9:24am Dec 20, 2012 9:24am
Hi guys...

My bias is bullish but i closed some of my legs my taking some profit which i shouldn't done.Today's daily candle showed very strong pull back up.
It moved down by 80 pips and moved up to the open which shows that bulls are in control.

By looking at BOJ statement, there are going to print more money to meet there inflation target.This brings us to the fact that Japaness Yen is going to soften further against all crosses.I think only entites which can run forex markets are FED's and Central banks of each countries.This powerful entities can pump more money or remove more money.Now, BOJ likes to pump more money.So,Yen goes down and also interest rates.

I have 3 legs at 129.2 of which each of them almost reached 1000 pips each.I also have 3 more legs which are 600+ pips each.My bias is up till end of this year.I will update my analysis if there is any change in the upward trend still then enjoy trading.

Regards
Prakash
I am a hunter...i kill both bulls and bears...
  • #16,499
  • Dec 20, 2012 9:31am Dec 20, 2012 9:31am
Quoting oathbreaker
Hi guys...

My bias is bullish but i closed some of my legs my taking some profit which i shouldn't done.Today's daily candle showed very strong pull back up.
It moved down by 80 pips and moved up to the open which shows that bulls are in control.

By looking at BOJ statement, there are going to print more money to meet there inflation target.This brings us to the fact that Japaness Yen is going to soften further against all crosses.I think only entites which can run forex markets are FED's and Central banks of each countries.This powerful entities...

nice man...i think ill be out until the second week of january. plan to get in asap, to ride the major moves we could be seeing in the weakening yen in the near future.
  • #16,500
  • Dec 20, 2012 9:45am Dec 20, 2012 9:45am
Quoting oathbreaker
Hi guys...

My bias is bullish but i closed some of my legs my taking some profit which i shouldn't done.Today's daily candle showed very strong pull back up.
It moved down by 80 pips and moved up to the open which shows that bulls are in control.

By looking at BOJ statement, there are going to print more money to meet there inflation target.This brings us to the fact that Japaness Yen is going to soften further against all crosses.I think only entites which can run forex markets are FED's and Central banks of each countries.This powerful entities...
Seeing the same scenario here. I'm holding my longs with care, but waiting for higher levels before year end. Bulls are in control with a slower pace.

Looking forward to read your analysis.
2 traders viewing now