A Indian Stock Market Blog
Our intraday trading analysis on GBP/JPY, we recommend short GBP/JPY Below 133.42 for target of 133.1 and 132.75 keep stoploss above 133.75.
Why to go Short: This pair is still trading below its 50 DMA on Daily chart. 134.20 is a strong resistance level and the pair is likely to stay below this level. So trend should stay mixed to bearish today (19 Nov 2010).
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
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