Intraday trading analysis (tips) on GBP/JPY for 11 April 2011, we recommend to trade Long (Buy) GBP/JPY pair above 138.75 for target of 139.15 and 139.55 keep stop loss below 138.55. Reason behind trading long on GBP/JPY: The GBP/JPY pair has been trading in a bullish channel, so trading in the direction of trend we will be looking for only buying opportunity as long as the pair remains above ... [Continue Reading]
Forex: GBP/JPY Trading Analysis for 1 April 2011: Buy Above 134.25
Intraday trading analysis (tips) on GBP/JPY for 1 April 2011, we recommend to trade Long (Buy) GBP/JPY pair above 134.25 for target of 134.65 and 134.95 keep stop loss below 133.95. Reason behind trading long: This pair has crossed above the 200 DMA on Daily chart, hence we can confirm the near term bullishness in this pair. So, we will be looking for buying opportunity in this pair as long as it ... [Continue Reading]
Forex: GBP/JPY Trading Analysis for 28 March 2011: Sell below 130.65
Intraday trading analysis (tips) on GBP/JPY for 28 March 2011, we recommend to trade Short (Sell) GBP/JPY pair below 130.65 for target of 130.25 and 130.05 keep stop loss above 130.85. Reason behind trading short: This pair is finding resistance near its 200 DMA line on 4 Hour chart, which confirms the bearishness. So, we will be looking for selling opportunity in this pair as long as it trades ... [Continue Reading]
Forex: GBP/JPY Intraday Trading Analysis for 22 March 2011: Sell below 132.75 for Target 132.15
Intraday trading analysis (tips) on GBP/JPY for 22 March 2011, we recommend to trade Short (Sell) GBP/JPY pair below 133.75 for target of 132.15 and 131.75 keep stop loss above 133.05. Reason behind trading short: This pair is finding resistance near its 200 DMA line on 4 Hour chart, which confirms the bearishness. So, we will be looking for selling opportunity in this pair as long as it trades ... [Continue Reading]
Forex: GBP/JPY Trading Analysis for 2 March 2011: Buy Above 133.75
Intraday trading analysis (tips) on GBP/JPY for 9 March 2011, we recommend Long (Buy) GBP/JPY pair Above 133.75 for target of 133.15 and 134.45 keep stop loss below 133.55. Reason behind trading long: This pair is firmly trading above its 200 DMA, which confirms the bullishness. So, we will be looking for buying opportunity in this pair as long as it trades above 132.15. Technical indicators are ... [Continue Reading]