GBP/JPY

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GBP/JPY Blows Out Every Expectation

Thursday, May 22nd, 2008

GBP/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, 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 [...]

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