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daily gbp/jpy analysis

daily gbp/jpy analysis

http://gbpjpy-analysis.blogspot.com/

daily forex analysis and news

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  • mission 140 completed

    Posted on Thursday November 26th, 2009 at 20:24 in gbpjpy analysis

    The beast dropped 400 pips within 30 minutes this morning and hit my TP as mentioned in my earlier post. Enough trading this week.....Below is the daily chart as of 10.20 am Malaysia. ...

  • testing the daily lower trendline

    Posted on Thursday November 26th, 2009 at 03:13 in gbpjpy analysis

    The beast is now approaching the daily lower trendline; a minor retracement could occur due to profit taking activities. I have closed some positions and will ride the profit with the remaining lots.Below is the daily chart as of 5.09 pm Malaysia. ...

  • highway 140 next???

    Posted on Tuesday November 24th, 2009 at 04:04 in gbpjpy analysis

    The beast is now testing the last support at 146.30 area. Should this support is penetrated, the next target 140.xx should be hit in next couple days.I have already covered my positions and now is riding the profit.Below is the H4 chart as of 6 pm Ma...

  • at last, the beast waken up....

    Posted on Wednesday November 18th, 2009 at 20:49 in gbpjpy analysis

    After consolidating and hibernating within a tight range, the beast seems to move again. Price has closed below the H4 lower trendline.However, the bears need to pull the price below 148.30 to gain proper control.Below is the H4 chart as of 10.30 am ...

  • break or hold???

    Posted on Wednesday November 11th, 2009 at 16:41 in gbpjpy analysis

    Last two weeks have been a nightmare for a swing trader like me...Price kept ranging up and down like a teeter board. Being a die-hard bear, I kept looking for sell positions but was not able to make a big gain...Now the price is testing the H4 lower...

  • complex head & shoulders on the weekly chart???

    Posted on Saturday October 31st, 2009 at 20:57

    A possible complex head and shoulders pattern might be developing on the weekly chart. An aggressive trader, believing that a head and shoulders top has been in formation, will begin building short positions with stop loss placed above the previous s...

Comments & Reviews

This blog is currently rated a 4.00 out of a possible 5 based on 2 comments.

MKO

4 stars MKO

Thank you Greg, for your kind comments.

We do make wrong calls, no analysis could be accurate 100%. That why I always stress on the importance of money management. Also always risk only 4% at most on your trade.

Keep visiting my blog... cheers...

Posted: January 17th, 2009 | More Reviews From MKO | Report This Comment

4 stars Greg Wilson

Hello,

I've been trading GBPJPY exclusively for over a year, found your blog today. I like the call earlier where you thought price might be headed up. Wondered a little bit about your last couple calls to the downside, which seemed premature. I got in after price peaked and reversed @ R3 pivot 135.60. I understand your 50% fib retrace on hr chart, but I'm wary of how much downside we'll see, although I anticipate price heading down for duration of session (price is currently above 200ema. Downside conviction will be more convincing to me when/if price drops below, etc. I digress. I like your analysis and site. Cheers

Posted: January 16th, 2009 | Report This Comment

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