GBPJPY [2015.12.11] & [2015.12.07 - 2015.12.11]Summary

 Summarizing the week, we saw this pair dropping down and bouncing up from the 183.50/183.70 DP and bouncing down again 184.70/184.90 DP. Even with the dovish news regarding the monetary policy for the pound it was still wasn't enough to push the pound down and break the 183.50/183.70 DP. In the 1 hour chart the pair seems to re-climb up bit by bit upon the close (ADX and Stoch also shows this). However, in the daily charts below we could see that the pair is slowing inching downard, but if we look back from previous data we could see that the 183.50/183.70 DP is a significant resistance area. If the pair breaks down the current DP we could see 182.40/182.60 DP being tested and probably would go back down to 180 area.

Historical Decision Points (DP) Recalculated:
Note: Will try to re-adjust my code for calculating DP to use pip increments of 5 instead of 10 for more accuracy. But it probably will slow down my process.

185.40 /185.60
185.10 /185.30
184.70 /184.90
184.20 /184.40
183.50 /183.70
182.40 /182.60

Legend:
Green: Upper DP (area that needs to be broken for further upside movement)
Orange: Current Area the price is near
Red: Lower DP (area that needs to be broken for further downside movement)

Daily Info

Decision Points(DP): 184.80/184.90

Daily High: 185.04
Daily Low: 183.55

Daily Close : 183.90

Pivot Point, Resistance and Support
 Pivot Point       184.16
 R1      184.78
 R2      185.65
 R3      186.27
 R4      187.14
 S1      183.29
 S2      182.67
 S3      181.80
 S4      181.18

Weekly Info

Decision Points(DP): 186.20/186.30
184.40/184.50

Weekly High: 186.33
Weekly  Low: 183.35

Weekly Close : 183.90

Pivot Point, Resistance and Support
 Pivot Point       184.53
 R1      185.70
 R2      187.51
 R3      188.68
 R4      190.49
 S1      182.72
 S2      181.55
 S3      179.74
 S4      178.57