GBP/JPY Elliott wave count and Fibonacci levels for September 30, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is developing impulse wave C (colored light green in the chart) of medium term downtrend from 127.31. Within this wave there are five subwaves (colored royal blue in the chart), and subwave A is now developing against the downtrend from 116.78, therefore wave C may be coming to an end. Within this wave (A) there are three waves of still smaller degree (colored red) with subwave C still developing. The targets of the upmove are Fibonacci retracements of 127.31-116.78, and expansions off 116.82-120.39-118.71.
Resistances:
- 120.80 = .382 retracement
- 120.92 = contracted objective point (COP)
- 122.05 = .50 ret
- 122.28 = objective point (OP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 116.78-120.78.
Supports:
- 119.25 = .382 ret
- 118.78 = .50 ret
- 118.31 = .618 ret



Overbought/Oversold
Assuming that the major wave is now up it's preferable to try long positions when the Detrended Oscillator gets below the zero level (current prices) or into the oversold area (25-40 pips below the current prices).
http://instaforex.com/forex_analysis/40112/?x=OUE

GBP/JPY Elliott wave count and Fibonacci levels for September 29, 2011

Roman Molodiashin

Wave analysis

GBP/JPY is developing impulse wave C (colored light green in the chart) of medium term downtrend from 127.31. Within this wave there are five subwaves (colored royal blue in the chart), and subwave A is now developing against the downtrend from 116.78, therefore wave C may be coming to an end. Within this wave (A) there are two waves of still smaller degree (colored red) with subwave B still developing. The targets of the upmove are Fibonacci retracements of 127.31-116.78, and expansions off 116.82-120.39-118.71.
Resistances:
- 120.80 = .382 retracement
- 120.92 = contracted objective point (COP)
- 122.05 = .50 ret
- 122.28 = objective point (OP)
If the price reverses to the downside the immediate supports will be Fibonacci retracements of 116.78-120.39.
Supports:
- 118.59 = .50 ret
- 118.16 = .618 ret



Overbought/Oversold
Assuming that the major wave is now up it's preferable to try long positions when the Detrended Oscillator gets below the zero level (20-25 pips below the current prices) or into the oversold area (45-60 pips below the current prices).
http://instaforex.com/forex_analysis/39980/?x=OUE

EUR/USD candlestick analysis (long-term view) 2011-09-28

Technical analysis

Vladimir Donin

The EUR/USD currency pair is trading with a slight rise this week after it could not break the support level at 1.3427.
Earlier in a weekly graph the EUR/USD formed Dark Cloud Cover candlestick combination indicating downside movement confirmed further.
This combination shows that the pair dropped sharply after an attempt to advance to the resistance level 1.4700, which means that the bears started to increase their influence.
Further decline is supported by the RSI indicator demonstrating a rollback from the overbought level 70.0.
Break of the support level 1.3969 will denote that this point of view is correct. In this case we should expect a decline to the support level 1.3427 where the Fibonacci correction level 50.0 is also located. Its break will target the pair to 1.2869.
It is worth mentioning that stop loss should be placed slightly above the resistance level 1.4700 as its break will target the pair to 1.4900.

http://instaforex.com/forex_analysis/39822/?x=OUE

GBP/USD candlestick analysis for September 27, 2011

Technical analysis

Vladimir Donin

The GBP/USD currency pair is rolling back after a sharp decline. Earlier in a 4-hour graph the GBP/USD pair formed a Falling Three Methods combination that gives us a bearish signal.
This combination was formed amid a downside movement after the pair could not break the resistance level near 1.6600, which means that the bulls could not solidify here and the bears started to increase their influence. At the same time each rollback was considered as a pause before further decline.
Break of the support level 1.5565 will denote that this point of view is correct. In this case we should expect a downfall to the support level 1.5344. Its break will cause downside movement to 1.5290.
It is worth mentioning that stop loss should be placed slightly above the 1.5932 level as its break will allow the pair to reach 1.6200.

http://instaforex.com/forex_analysis/39702?x=OUE

GBP/JPY Elliott wave count and Fibonacci levels for September 26, 2011

Wave analysis

Roman Molodiashin

GBP/JPY is developing impulse wave C (colored light green in the chart) of medium term downtrend from 127.31. Within this wave there are five subwaves (colored royal blue in the chart) with impulse subwave 5 still developing from 124.36. Within wave 5 there are also four waves of still smaller degree (colored magenta in the chart), with subwave 4 still developing from 116.78.
The targets of the downmove are Fibonacci expansions off 130.81-123.27-127.31, 126.55-123.04-124.36, 124.36-120.61-122.22, 122.22-116.78-118.84.
Supports:
- 116.15 = expanded objective point (XOP)
- 115.48 = contracted objective point (COP)
- 115.17-11 = confluence area of super expanded objective point (SXOP) and XOP
If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 122.22-116.78.
Resistances:
- 118.86 = .382 retracement
- 119.50 = .50 ret
- 120.14 = .618 ret
 Overbought/Oversold
Assuming that the major wave is down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (15-20 pips above the current prices) or into the overbought area (40-50 pips above the current prices).
http://instaforex.com/forex_analysis/39614/?x=OUE 

EUR/JPY Intraday Technical analysis 2011-09-23

Technical analysis

Albert Fitoussi

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 103.50 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 104.70.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 103.50 with a 1st objective of 104.30, then 104.50. A break in 103.20 would invalidate this scenario.

http://instaforex.com/forex_analysis/39418/?x=OUE

EUR/USD Intraday Technical Level For September 22nd / 2011

Arief Makmur

Technical analysis

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3642.
Strong Resistance : 1.3634.
Original Resistance : 1.3622.
Inner Sell Area : 1.3609.
Target Inner Area : 1.3576.
Inner Buy Area : 1.3543.
Original Support : 1.3532.
Strong Support : 1.3518.
Breakout SELL Level : 1.3511.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3532 and 1.3622 is accompanied by a strong support at 1.3518 and 1.3634 strong resistance; If today EUR/USD can breakout and close below the 1.3511 level then this indicates considerable Bearish  strength, while if the EUR/USD today can breakout and close above the 1.3642 level then this indicates considerable Bullish strength . Alternatively you can trade in a way to open BUY position at the level of 1.3543 and 1.3609 SELL position in which both targets are at the 1.3576 level.
http://instaforex.com/forex_analysis/39310/?x=OUE 

EUR/JPY Intraday Technical analysis 2011-09-21

Albert Fitoussi

Technical analysis





The spot rates approach the upper limit of its medium term bearish channel 105.40 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 105.40 with a 1st objective of 106.20, then 106.60. A break in 105.20 would invalidate this scenario.

http://instaforex.com/forex_analysis/39198/?x=OUE

EUR/USD Intraday Technical Level For September 20th / 2011

Arief Makmur

Technical analysis

TODAY  TECHNICAL  LEVEL :

Breakout BUY Level : 1.3690.
Strong Resistance : 1.3683.
Original Resistance : 1.3670.
Inner Sell Area : 1.3657.
Target Inner Area : 1.3625.
Inner Buy Area : 1.3593.
Original Support : 1.3580.
Strong Support : 1.3567.
Breakout SELL Level : 1.3559.

DESCRIPTION :

Today EUR/USD has the support and resistance at 1.3580 and 1.3670 is accompanied by a strong support at 1.3567 and 1.3683 strong resistance; If today EUR/USD can breakout and close below the 1.3559 level then this indicates considerable Bearish  strength, while if the EUR/USD today can breakout and close above the 1.3690 level then this indicates considerable Bullish strength . Alternatively you can trade in a way to open BUY position at the level of 1.3593 and 1.3657 SELL position in which both  targets are at the 1.3625 level.


http://instaforex.com/forex_analysis/39050/?x=OUE 

EUR/USD candlestick analysis (long-term view) 2011-09-19

Vladimir Donin

Technical analysis



The EUR/USD currency pair closed with a sharp advance last week.
Earlier in a weekly graph the EUR/USD formed Dark Cloud Cover candlestick combination indicating downside movement confirmed further.
This combination shows that the pair dropped sharply after an attempt to advance to the resistance level 1.4700, which means that the bears started to increase their influence.
Further decline is supported by the RSI indicator demonstrating a rollback from the overbought level 70.0.
Break of the support level 1.3969 will denote that this point of view is correct. In this case we should expect a decline to the support level 1.3427 where the Fibonacci correction level 50.0 is also located.
It is worth mentioning that stop loss should be placed slightly above the resistance level 1.4700 as its break will target the pair to 1.4900. 



http://instaforex.com/forex_analysis/38904/?x=OUE 

GBP/USD wave analysis for September 16, 2011

Alexander Dneprovskiy

Wave analysis




As expected, during yesterday trading the GBP/USD continued to form the inner wave structure of the upside correction. At the same time, the correction level 38.2% (1.6055) might act as a possible target for such correction. In the meantime, the whole correction structure would look much more convincing if the level 50.00% (1.6160) coinciding with the upper limit of the inclined corridor was hit.

http://instaforex.com/forex_analysis/38822/?x=OUE

Fundamental Analysis, September 15, 2011

There is a scenario of global slowdown, mainly influenced by the debt problems of Europe and the delicate economic situation facing the U.S., which now has a population growth of around 1% that fails to reduce the high levels of unemployment. In this environment, emerging countries, mainly Latin Americans, although they are entrenched in a situation with respect to external shocks, and are not immune to a possible worsening of the fiscal crisis of the G3 debt and feel the impact, especially relating to external trade (real channel) and capital flows (financial channel).

The reduction in global demand has added to concern policy makers in emerging countries, which suffer a contraction in aggregate demand in their economies. The exhibition of Latin American countries to the vagaries of the business cycle in developed economies, unlike other historical moments, is relatively low, Mexico is the exception because it depends heavily on the U.S. economic cycle. However, the main trading partners in the region, as is the case of China has a high exposure to economic problems that may arise in the advanced economies, and could spread to Latin America indirectly.

http://instaforex.com/forex_analysis/38758/?x=OUE

GBP/USD Intraday Technical analysis 2011-09-15

Albert Fitoussi

Technical analysis




 The spot rate approaches the upper limit of its short-term bearish channel in 1.5810 suggesting a decline. However a break of these levels would allow it to initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5810 with a 1st objective of 1.5920, then 1.5950. A break in 1.5780 would invalidate this scenario.

http://instaforex.com/forex_analysis/38686/?x=OUE

EUR/USD wave analysis for September 14, 2011

Alexander Dneprovskiy

Wave analysis






Yesterday during the whole day the EUR/USD currency pair was trading between 1.3570 and 1.3730 levels. At the same time the formation of the expected 4th wave in the 3rd, or c, was continued. It should be mentioned that given the current inner wave structure of this 4th wave we might expect that its targets are located between 1.3750 and 1.3800. In the meantime, in case the euro finds enough power to continue the upside movement to higher price levels, the inner wave dimension of the 3rd wave, or c, will demand corresponding corrections.


http://instaforex.com/forex_analysis/38572/?x=OUE
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GBP/JPY Elliott wave count and Fibonacci levels for September 13, 2011

Roman Molodiashin

Wave analysis

GBP/JPY is developing impulse wave C (colored light green in the chart) of medium term downtrend from 127.31. Within this wave there are five subwaves (colored royal blue in the chart) with impulse subwave 5 still developing from 124.36.
The targets of the downmove are Fibonacci expansions off 130.81-123.27-127.31, 127.31-124.47-126.55, 126.55-123.04-124.36, 124.36-121.27-122.55.
Supports:
- 120.85 = objective point (OP)
- 120.64 = contracted objective point (COP)
- 119.77 = OP

If the price reverses to the upside the immediate resistances will be Fibonacci retracements of 124.36-121.27.
Resistances:
- 122.45 = .382 retracement
- 122.82 = .50 ret
- 123.18 = .618 ret

Overbought/Oversold
Assuming that the major wave is down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (20-25 pips above the current prices) or into the overbought area (50-60 pips above the current prices).
http://instaforex.com/forex_analysis/38444/?x=OUE

EUR/USD Intraday Technical Level For September 12nd / 2011

Arief Makmur

Technical analysis

TODAY TECHNICAL LEVEL :

Breakout BUY Level : 1.3648.
Strong Resistance : 1.3640.
Original Resistance : 1.3627.
Inner Sell Area : 1.3614.
Target Inner Area : 1.3581.
Inner Buy Area : 1.3973.
Original Support : 1.3535.
Strong Support : 1.3522.
Breakout SELL Level : 1.3514.

DESCRIPTION :

Today EUR/USD has support and resistance at 1.3535, and 1.3627 is accompanied by a strong support at 1.3522 and 1.3640 strong resistance; If today the EUR/USD can break out and close below the 1.3514 level then this indicates considerable Bearish  strength, while if the EUR/USD today can break out and close above the 1.3648 level then this indicates considerable Bullish strength . Alternatively you can trade in a way to open BUY position at the level of 1.3973 and 1.3614 SELL position in which case both  targets are at the 1.3581 level.
http://instaforex.com/forex_analysis/38288/?x=OUE

GBP/JPY Elliott wave count and Fibonacci levels for September 9, 2011

Roman Molodiashin

Wave analysis

GBP/JPY is developing impulse wave С (colored light green in the chart) of medium term downtrend from 127.31. Within this wave there are four subwaves (colored royal blue in the chart) with subwave 4 still developing from 123.04.
The targets of the upmove are Fibonacci retracements of 123.04-126.55, and expansions off 123.04-123.93-123.11, 123.11-124.36-123.60.
Resistances:
- 124.37-38 = confluence area of contracted objective point (COP) and .382 retracement
- 124.55 = expanded objective point (XOP)
- 124.80-85 = confluence area of .50 ret and objective point (OP)
- 125.21 = .618 ret
- 125.44 = super expanded objective point (SXOP)
- 125.62 = XOP
If the price continues the downtrend the immediate supports will be Fibonacci expansions off 130.81-123.27-127.31, 127.31-124.47-126.55, 126.55-123.04-124.36.
Supports:
- 122.65 = COP
- 122.19 = COP
- 121.95 = XOP

Overbought/Oversold
Assuming that the major wave is down it's preferable to try short positions when the Detrended Oscillator gets above the zero level (10-15 pips above the current prices) or into the overbought area (45-60 pips above the current prices).
http://instaforex.com/forex_analysis/38184/?x=OUE