Intraday trading analysis (tips) on GBP/JPY for 28 February 2011, we recommend to trade Long (Buy) GBP/JPY pair above 132.55 for target of 132.95 and 133.35 keep stop loss below 132.25. Reason behind trading long: This pair has been rebounding from its 200 DMA level (131.55 level), the pair on daily chart looks like taking the support so, we will be looking for buying opportunity in this pair as ... [Continue Reading]
Forex GBP/JPY Intraday Trading Levels: Buy GBP/JPY Above 131.75
Intraday trading analysis (tips) on GBP/JPY for 25 February 2011, we recommend Long (Buy) GBP/JPY Above 131.75 for target of 132.25 and 132.75 keep stop loss below 131.35. Why to go Long: This pair has been trading lower but now its near 200 DMA, the pair seem to take the support near 131.05 and is likely to rebounding from this strong support level. But one must wait for any rebound before ... [Continue Reading]
EUR/USD Intraday Trading Analysis for 22 Feb: Buy EURO Above 1.3645
Intraday trading analysis (tips) for EUR/USD 22 February 2011, we recommend, Enter long (Buy) EUR/USD only above 1.3645 for target of 1.3679 and 1.3715 also place protective stop loss below 1.3625. Why to go Long: EURO had tested its support at 1.3545 level and the pair is now rebounding from the support. RSI support the up move and is in favor of the trade on 30 minutes chart. So we can see the ... [Continue Reading]
EUR/USD Intraday Trading Analysis for 21 Feb 2011: Buy EURO Above 1.3635
Intraday trading analysis (tips) for EUR/USD 21 February 2011, we will recommend, Enter long (Buy) EUR/USD only above 1.3635 for target of 1.3685 and 1.3725 also place protective stop loss below 1.3615. Why to go Long: EURO saw a breakout above 1.36 level, so the Euro is set to bounce at every lower level. Technical indicators are in favor of the trade on 4 hour chart. So we can see the pair to ... [Continue Reading]
EUR/USD Intraday Trading Analysis for 18 Feb 2011: Buy EURO Above 1.3605
Intraday trading analysis (tips) on EUR/USD for 18 February 2011, we recommend Long (Buy) EUR/USD Above 1.3605 for target of 1.3665 and 1.3695 keep stop loss below 1.3585. Why to go Long: EURO was showing strength on 4 hour chart and is likely to bounce from those (1.36) levels. So we can see the pair to strengthen further and move towards its next resistance of 1.3665, so the trend must ... [Continue Reading]
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