GBPJPY [2015.12.10] Summary

[Caveat Emptor]

Even with a dovish news on the pair (same expected votes and decision not to increase rate), the pound took a nose dive against the yen but bounced up again from it (DP 183.50/183.70 area was tested but bounced back up again). For the past 3 days (after the drop from last Tuesday, December 8, 2015), we've seen the pair dipping down to try to test the 183.50/183.70 DP and then bounced up again up and testing the 184.60/184.75 DP. So far the pair has been consolidating in that area, and in the Asian session right now it seems to want to try to test the 184.60/184.75 DP again.

With the pair consolidating within the two DP range, we'd better take precaution on  trading it. Buy or Sell from the bounces, and watch out for possible breakouts.

For Bulls:
For further uptrend the pair needs to break the 185.10/185.30 area and stay give a stronger trend signal that the bulls are now in control.

For Bears:
A decisive break of the 183.50/183.70 DP would indicate that the pair would go down some more and target the next DP (182.40/182.60)

2015.12.10 DP
184.70
184.40


Historical DP
185.40/185.60
185.10/185.30
184.60/184.75
184.10/184.30
183.50/183.70
182.40/182.60



Daily Pivot
184.18

Resistance and Support
 R1      185.01
 R2      185.79
 R3      186.62
 R4      187.40
 S1      183.40
 S2      182.57
 S3      181.79
 S4      180.96

GBPJPY [2015.12.09] Summary

[Caveat Emptor]

 GBPJPY [2015.12.09] Profile

2015.12.09 (Decision Point):
184.80/184.90
184.40/184.50

Current Areas To Consider (Historical Decision Points [DP]):
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
182.40/182.60

Daily Pivot
184.54

Daily Support and Resistance
 R1      185.39
 R2      186.23
 R3      187.08
 R4      187.92
 S1      183.70
 S2      182.85
 S3      182.01
 S4      181.16

GBPJPY [2015.12.08] Summary

[Caveat Emptor]

GBPJPY

GBPJPY [2015.12.08] Profile

Current Areas To Consider (Decision Points [DP]):
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
182.40/182.60

Daily Pivot
184.64

Daily Support and Resistance
 R1      185.53
 R2      186.64
 R3      187.53
 R4      188.64
 S1      183.53
 S2      182.64
 S3      181.53
 S4      180.64

GBPJPY [2015.12.07]Summary

[Caveat Emptor]
GBPJPY

Current Areas To Consider (Decision Points [DP]):
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 [2015.12.07] Profile

Daily Pivot
185.82


Daily Support and Resistance
 R1      186.20
 R2      186.70
 R3      187.08
 R4      187.58
 S1      185.32
 S2      184.94
 S3      184.44
 S4      184.06

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