GBP-JPY analysis
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Thursday, March 13th, 2008Sterling-Yen, GBP/JPY - one of the most volatile crosses in the forex trading calendar has seen a huge slide from yesterday’s Asian Market high of 207.98 to 202.96. This south-bound train was significantly aided by forex traders’ perception of UK Budget sematics.
GBP/JPY Slides 160pips On UK GDP Reports
Wednesday, February 27th, 2008Pound-yen, GBP/JPY came down 160 pips on news GBP-JPY chart - Feb. 27, 2008of the UK Gross Domestic Product (GDP) report. The report came in at 0.6% this morning.
Forex Trading: GBP-JPY Today
Friday, February 15th, 2008GBP/JPY at critical point 212.00/50 where upward extention towards 219/220 or breakdown towards 209.75/210 could occur. Like most things in life the certainty cannot be guaranteed and this is why forex trading thrives on the of the risk/reward uncertainty presents.
GBP-JPY Swing: How I Gained 461 Pips In Four Days
Thursday, February 14th, 2008It’s been a very nice four days of trading GBP-JPY in the forex market this week. I took a very position very tentatively early hours of Monday morning. Forex chart: GBP-JPY Trade. Something very unusual happened today. I placed a stop-loss without activating the limit order. I checked it Tuesday evening but still could not spot the mistake until Wednesday evening.
Forex Trading - Taken Out Twice Already.
Tuesday, September 18th, 2007Sentiments are beginning to shift upward-bias on intraday. The pivot level still stands at 228.32 and we going long above 228.60/65 with near-term targets @ 229.65 and 230.50 if extended. But if the pivot is violated again, we could be seeing a further downside move with 227.75 and 227.08 as targetted possibilities.
UK Financial Markets Rocks By Northern Rock
Sunday, September 16th, 2007The recent events of the UK Banker - Northern Rocks have certainly rocked the forex market. Most especially the cable, GBP/USD and all other GBP crosses. There is no doubt that the media “fuel of fear” and panic have kept the fire burning on the Northern Rocks position. But where does it lead? How long will this continue? Who will gain or lose this battle of the press and the market?
Forex Trading: GBP/JPY Limit Order Fills -in For Profit
Tuesday, January 16th, 2007What a day to trade forex market. Certainly not for the faint herated… My limit order eventually came good in the end. The volatility of the GBP/JPY was certainly not for the inexperienced. At the time of this writing the pair has climbed back down to to the 236.47/55 from a daily hi-237.24
Forex Trading: High Volatility Huge Profits Last Week
Sunday, January 29th, 2006In recent weeks, we have seen the Iranian nuclear issue, prize weaknesses in the US economic growth and various geopolitical issues. Good traders relish this opportunity because it means one could jump into and out of the market at will collecting pips.
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