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]
GBP/JPY Intraday Trading Levels For 10 Feb 2011: Buy GBP/JPY Above 132.75
Intraday trading analysis (tips) on GBP/JPY for 10 February 2011, we recommend Long (Buy) GBP/JPY Below 132.75 for target of 133.15 and 133.45 keep stop loss below 132.65. Why to go Long: This pair has been rebounding from its strong support level, and overall bias for this pair remains bullish. So we may see the pair strengthening to its next resistance of 133.15. Technical indicators are ... [Continue Reading]
GBP/JPY for Intraday: Sell GBP/JPY Below 131.35
Intraday trading analysis (tips) on GBP/JPY for 17 January 2011, we recommend Short (Sell) GBP/JPY Below 131.35 for target of 130.85 and 130.55 keep stop loss above 131.65. Why to go Short: This pair has seen stiff resistance by its 200DMA on daily chart, so we may see the pair weakening to its next support of 130.85. Technical indicators are however mixed and the pair seems to loose upward ... [Continue Reading]
GBP/JPY for Intraday: Sell GBP/JPY Below 133.42
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). ... [Continue Reading]