GBPJPY [2015.12.04] and [11.30 - 12.04] Summary

[Caveat Emptor]
GBPJPY

Thursday's EURO news pushed the pound pairs up and the lackluster effect of the USD's NFP (positive NFP values), shows that a lot of traders and investors are looking forward if the Fed would be increasing rates or not. Currently, the pair is playing between the 186.10/186.25 and the 185.40/185.60 DP. We might see the pair testing both DPs and move either up/down depending on which DP it might break. IMHO, the pair is looking to be a bit bullish for now.

For Bulls:
Break of the current DP (186.10/186.25) and we target 186.60/186.80  DP further upside would mean bulls are riding the momentum from the last week's news and we might see 188 area again.

For Bears:
Currently, the pair is consolidating in the 186.10/186.25 DP. The pair might meet a slightly heavy resistance at the 185.40/185.60 area (due to last Friday's DP). Breaking this area would mean that the bears are ready to take control and we could target the next DP  185.10/185.30 area.


Current Areas To Consider (Decision Points [DP]):
188.10/188.30
187.60/187.80
187.30/187.40
186.60/186.80
186.10/186.25
185.40/185.60
185.10/185.30
184.60/184.75
184.10/184.30
183.50/183.70

 GBPJPY [2015.12.04] Profile
Daily Pivot

185.76

Daily Support and Resistance
 R1      186.42
 R2      186.88
 R3      187.54
 R4      188.00
 S1      185.30
 S2      184.64
 S3      184.18
 S4      183.52

GBPJPY [11/30 - 12/04] Profile
Weekly Pivot (2015.11.30 - 2015.12.04)

185.38

Daily Support and Resistance
 R1       186.80
 R2       187.66
 R3       189.08
 R4       189.94
 S1       184.52
 S2       183.10
 S3       182.24
 S4       180.82