Daily Forex

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USD JPY Makes Three Months High

Thursday, May 29th, 2008

The 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, Quick-Profit Bullish Setup

Thursday, May 22nd, 2008

GBP/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 Support Broken

Tuesday, April 29th, 2008

Last night we commented on the direction of the GBP/JPY. We also specified the 62% level of the Fibonacci support at 206.75 a possibility on the Asian market as all “..indicators and trading analyses point south.” See yesterday’s post.
That support level has now been violated and further low of 205.50 seem very plausible. At the time of this post, […]

GBP/JPY Relinquish Morning Gains

Monday, April 28th, 2008

GBPJPY maintained its last week’s bullish tone in the European session this morning. The rallies presented trading opportunities.  
The move of the day started with a quote of 206.78/80 and quickly provided a +100 pips opportunites in less that two hours of trading. After an hour of further consolidation the market rose to a daily high of 208.63.
Downward correction ensued […]

GBP/USD, GBP/JPY, EUR/GBP - Low Risks Opportunities Today

Friday, April 25th, 2008

Across board, the pounds sterling, faired well against other currencies, GBP/USD, GBP/JPY and even the grand old lady, EUR/GPB. All presented low risks opportunities today. From the blast of the bell this morning the pound shot out like a man who stole.
Right from the Euro-session start, there were shared bullish sentiments about the pound sterling.

The GDP […]

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