Archive for May, 2008
« Previous EntriesUSD JPY Makes Three Months High
Thursday, May 29th, 2008The USD, dollar has been on the ascendency in the last few weeks. With negative news of the first quarter beginning to filter through this is giving the dollar a reprieve amid recent woes.
The USD, dollar made a new three-month high of 105.88 on the USD JPY in the US trading session today. The pair […]
GBP/JPY Blows Out Every Expectation
Thursday, May 22nd, 2008GBP/JPY - created a wonderful ride today. The pounds yen, GBP/JPY presented great easy entries from the early morning setup as highlighted in my earlier post. This pattern usually carry high probability of success if spotted early. Guess what? It did and in fact, it exceeded our expectations by miles.
From the chart here, you could see the exponential […]
GBP/JPY, Quick-Profit Bullish Setup
Thursday, May 22nd, 2008GBP/JPY has a bullish cup and handle pattern formation in the making on the 20-day and we anticipate a to rise to the 200-day or above in this morning trading session.
This morning we took a 5-lot entry at 203.18. At the moment, the moving average resistances have been broken as you could see on the chart above. We are on […]
GBP/JPY Pose Double Tops
Wednesday, May 14th, 2008GBP/JPY posses a double tops on intra-day trades. Currently, it is trading with penetration into to 50-day moving average on the 15-min chart.
It won’t be surprising to see further deteriotion pounds sterling if the 203.70 support is broken on the present trend.
For now we are staying out of the market because we can see a slight consolidation […]
GBP/USD Near Support Level
Tuesday, May 13th, 2008GBP/USD is marching slowly but surely towards support levels of 1.9100/9300 we drew a few months back in January. Many had argued on the possibilities when the pair was still trading at 1.9900. Were you one of the “doubting Thomases”?
We have since written a few articles that support our position on this analysis considering recent data and […]
