No Bullshit Forex Blog, A Part of No Bullshit Network

GBP/USD

Cable has been consolidating for 4 days now. I think it’s time for a move outside this triangle like range.

Watch out for a close outside the triangle I’ve drawn for you. Hopefully it won’t be a fake breakout and we will see cable shooting at least 80 - 100 pips in that direction. I’m counting for a break below. A bar closing below 1.9805 is the signal to go Short; while the Long trigger is way up at 1.9960.

Read the full post of GBP/USD and GBP/JPY - March 3rd 2008

Share This

Hello,

Just a quick look at 3 currency pairs. I hope you will find my technical analysis observations useful.

Don’t forget to keep your trading system simple, it will work better!

Regards,
Dan
Life Holdings Management

Popularity: 10% [?]

Share This

Well well, its Friday. What we’ll be looking at tonight or next week

GBPJPY

The range for the pair is closing soon with breaking out either on the top or bottom side of the trendline (more prone to the top now). It’s between 38.2 to 50.0 on the fibo and looks good to breach the 200EMA/SMA line on the top with MACD strength bias to the top as well.

Read the full post of It’s Friday, Pairs To Look Out Next Week

Share This

After a wild past few weeks, the GBP/JPY pair is beginning to settle back down. While most of the traders I know will agree with me that the dive is over and it’s time for the GBP/JPY pair to do what it normally does (go up) there are still reservations on opening long positions at this level. Who wouldnt be scared of having another 900 pip drop while they’re sleeping?

Read the full post of Restarting the Carry Trade?

Share This

I’m looking at shorting GBPJPY at 247.89 as the candle penetrates 200EMA on 30 mins as a signal, and going to penetrate the 1 hour chart pretty much soon.

Bollinger bands are breaking out on the 1 hour and 4 hour charts as well. To further confirm the trades, it’s best to wait for the MACD signals to reverse on H4 charts.

Read the full post of Jude’s Daily Forex - GBPJPY on 17 Jul

Share This

Opened an additional Short with the beast/guppy whichever you want to call it (GBP/JPY) at 248.70. Setting this up as a rather long term trade with very low leverage. It may still pull up a couple of hundred pips before it starts going down, but hey, that’s the nature of the beast.

Open: 248.70
Target: 243.80
Stop: Not set-

Read the full post of tianx’s Long Term Beast Position (GBP/JPY)

Share This