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/JPY Support Broken
Tuesday, April 29th, 2008Last 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.
GBP/JPY Relinquish Morning Gains
Monday, April 28th, 2008GBPJPY 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 GBP/JPY Gain Recedesprovided 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.
GBP/USD, GBP/JPY, EUR/GBP – Low Risks Opportunities Today
Friday, April 25th, 2008Across 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 [...]
GBP/JPY Traded Sideways Today
Tuesday, April 15th, 2008The pounds traded sideways today against the yen, GBP/JPY. Yesterday’s incisive move eroded in Asian trading session.
Today opened at 199.42 then dipped to 198.38 at some point. Having established a 90pip daily-range in the European session, the cross retained its directionless tone for the day.
Opportunites for piece by piece pips collection in an otherwise day [...]
Sterling: UK Budget Derails Bounce On Yen – 500+ Pips Slide
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.
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