Attachments: Daily GBP/JPY analysis

Daily GBP/JPY analysis

#14,321
Edited 11:59am May 3, 2008 11:48am | Edited 11:59am

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

H4
http://img147.imageshack.us/img147/5...forum4hgw2.gif

H1

http://img178.imageshack.us/img178/5...t4forumll4.gif
Back to the market, i still believe price still in correction phase.Although i would like to see price break either one of critical point during Friday NFP, still fail.Indicators showing mixed bias at this moment.But, next week what i m looking is bearish signal.And at the same time i'll be cautious for any uptrend movement as alt. bias.Comments are welcome.

#14,322
May 4, 2008 10:38am May 4, 2008 10:38am

sunshine
Joined Mar 2007 | Status: Trader | 1,190 Posts

Hi ffujifilm,

Here is my take on this pair, please checkout the attached Daily chart.

and if you run two horizontal lines on a clean 4hr chart then you'll see what i'm refering to, it's just another way of looking at the 4hr chart.

PS: i tried to leave a reply at your blogspot.com but it wouldn't let me, anyway all the best for your little one.

http://img142.imageshack.us/img142/3...may2008qy9.gif

http://fxblade.blat.co.za/

#14,323
May 4, 2008 10:48am May 4, 2008 10:48am

sunshine
Joined Mar 2007 | Status: Trader | 1,190 Posts

and here's the 4hr chart....

http://img291.imageshack.us/img291/8...2008gj6.th.gif

#14,324
May 4, 2008 11:50am May 4, 2008 11:50am

inggscap
| Joined Aug 2007 | Status: Price. Price. Price. | 82 Posts

I see resistance on GBPJPY @ 209.02 and support 207.48 with the 4HR chart.

#14,325
May 4, 2008 12:26pm May 4, 2008 12:26pm

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

Quoting sunshine

Disliked

Hi ffujifilm,

Here is my take on this pair, please checkout the attached Daily chart. and if you run two horizontal lines on a clean 4hr chart then you'll see what i'm refering to, it's just another way of looking at the 4hr chart.

PS: i tried to leave a reply at your blogspot.com but it wouldn't let me, anyway all the best for your little one.

Ignored

Hi sunshine ,
thanks for ure view.By the way, i forgot that my blog dont allow comments.We just commenting here k.I think the critical point will bolster one of the view.Although weekly i see a little bit consolidation, but i think still not confirmed yet.Maybe another pullback to complete 62% retracement.Anyway,either way still got a lot of pips to collect..

.Comments welcome
ps:just view ure blog.Good info for me too..thanks
http://img359.imageshack.us/img359/4...weekly1ov0.gif

#14,326
May 4, 2008 1:36pm May 4, 2008 1:36pm

guess121
Joined May 2007 | Status: Trader | 1,050 Posts

Well currently, damn... I knew I should I have held onto the currency!

Grrr...

it's at 209.269 at the moment:

http://www.xe.com/

#14,327
May 4, 2008 2:16pm May 4, 2008 2:16pm

sunshine
Joined Mar 2007 | Status: Trader | 1,190 Posts

Hiinggscap,

i checked out your website and i agree with your USD/ZAR analysis. Very clear Daily chart.

Hi ff,

the Weekly chart is still down as pointed out by you, but i'll only consider going short on a violation of the low of the past week.

#14,328
May 5, 2008 4:13am May 5, 2008 4:13am

hazz
| Joined Mar 2007 | Status: Trader | 83 Posts

all of my 3 scripts are showing a short signal atm.

#14,329
May 5, 2008 5:41am May 5, 2008 5:41am

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

Quoting hazz

Disliked

all of my 3 scripts are showing a short signal atm.

Ignored

maybe its the beginning....

#14,330
Edited 7:42am May 5, 2008 7:21am | Edited 7:42am

inggscap
| Joined Aug 2007 | Status: Price. Price. Price. | 82 Posts

@Sunshine, thanks mate.

As for G/J, I saw a short at 207.44 on the 4HR, so could carry on short for a few hours. Haven't taken the trade though, focused somewhere else today.

#14,331
May 5, 2008 11:20am May 5, 2008 11:20am

SBrickman
| Membership Revoked | Joined Aug 2007 | 240 Posts

http://i30.tinypic.com/205yv7o.gif

I wonder if H4 support will break?

#14,332
May 5, 2008 11:59pm May 5, 2008 11:59pm

59fender
| Joined Jul 2006 | Status: Trader | 1,364 Posts

Quoting SBrickman

Disliked

http://i30.tinypic.com/205yv7o.gif

I wonder if H4 support will break?

Ignored

iam taking a small short here the weekly pivot is around this level also

#14,333
May 6, 2008 6:26am May 6, 2008 6:26am

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

two days of boring trading range

...and confusing

#14,334
May 6, 2008 6:41am May 6, 2008 6:41am

aediaz1
Joined Aug 2007 | Status: Trader | 3,135 Posts

Quoting Zoran

Disliked

Hi Wolf

Good to see you around. Yes, 213 is an important level but the question is will it get there? Doesn't look like it but lets see.

Ignored

Hi Zoran, would love to see some of your analyzes again.

Measure twice, cut once