GBP/JPY WEEKLY ANALYSIS 2013-01-20

GBP/JPY WEEKLY ANALYSIS 2013-01-20

All the best.

GBP/JPY Technical Analysis 2012 09 09

GJ is above Kumo and we believe GJ will continue bullish. We already set our 1st and 2nd target. GJ also in 'Cup with Handle' pattern. A reliable pattern. Let's see how GJ doing next week.

GBP/JPY Technical Analysis 2012-06-10

GBP/JPY Technical Analysis 2012-06-10

4H CHART

GBP/JPY still in downtrend while making correction.

Trade Possibility :
Standby to short if close below 121.80

GBP/JPY Analysis 2011-06-17

GJ continue downtrend. Refer chart on Daily analysis. GJ already below Kumo which mean bearish in control.

Trade Idea : Only look for short entry. Ride the wave as already in short position. Wait for retracement for new short entry.

Happy trading.

GBP/JPY Analysis 2011-06-08

GJ long term trend looks likes going to continue bearish trend as GJ still in bearish channel trend and stay below Kumo. The bearish movement is confirmed at 4H & 1H chart.

Trade Ideas : Looking for retracement and short entry.

Happy trading.

GBP/JPY Analysis 2011-05-31

GJ continue bullish at mid term chart (4H & 1H). However, GJ still in neutral position at long term chart. At 1H chart, GJ touched upper channel line and pullback is possible.

Trade Idea : Wait for retracement. Lock for some profit and let the rest ride the wave or just breakeven.

Happy trading.

GBP/JPY Analysis 2011-05-26

 

Trade Idea : Enter long now with SL.

GBP/JPY Analysis 2011-05-24

GJ just moves outside upper downtrend channel at 4H TF while already making a few candles breakout at 1H TF. This situation gives us the feeling that bearish may soon expire.

Trade Idea : Traders may want to enter buy limit hoping GJ making a pullback. SL can be placed a bit below recent lower low or outside bottom trend line of triangle pattern.

Happy trading.

GBP/JPY Analysis 2011-05-18

We are looking for GJ to break the recent Supply Line as stated in 1H TF. GJ currently in flat range, refer 4H TF as we can see bigger range between Supply/Demand line. Traders may want to see GJ in bullish channel before making long entry. I believe sooner or later, GJ will change it course to bullish. Anyway watch out if GJ continue bearish.

Trade Idea : As GJ neutral at long term chart, I want to take risk by put a Buy Stop at 1H TF. SL is manual according to personal money management. Traders may want to make Sell entry now and SL at recent peak.

Happy Trading.

GBP/JPY Analysis 2011-05-17

GJ is in neutral position at long term charts. At 4H chart, GJ still not breaching it previous peak. GJ may continue downtrend if she breaks KS as support line.

Trade Idea: Buy with SL or place buy stop above recent peak at 1H TF with SL below recent bottom.

Happy trading.

Currecy Daily Update 2011-05-09

EUR/USD

Weekly : Bullish + Retracement.
Daily : Bullish + Weak.
4H : Bearish + Strong.
1H : Bearish + Strong, EU just move out from retracement and currently test latest support at 1.4308.  
Trade Idea: Enter short at 1H TF when EU close below 1.4300 with SL at 1.4446. Current price at 1.4324.

GBP/USD

Weekly : Bullish + Retracement
Daily : Bullish + Weak.
4H : Bearish + Strong.
1H : Bearish + Strong. 
Trade Idea : Hold current position for those who short, Trailing Stop (TS) at 1.6395. Not recommend new position until we see next retracement. Current price 1.6317

GBP/JPY

Weekly : Neutral.
Daily : Bullish + Weak.
4H : Bearish + Strong. Retracement almost completed.
1H : Bearish + Retracement completed.  GJ below Kumo.
Trade Idea : Hold short for those who already short. Can short now with SL at 132.40. Current price at 131.53.

USJ/JPY
Weekly : Bearish + Strong.
Daily : Neutral.
4H : Bearish + Weak.
1H : Bullish + Retracement.
Trade Idea : Wait for UJ close above 81.00 for Long entry. Short when UJ close below 80.10. Current price at 80.65.

EUR/JPY
Weekly : Neutral.
Daily : Bullish + Weak. Triangle pattern fail. Price in downtrend channel, near downtrend channel line and near Kumo. EJ may rebound.
4H : Bearish + Strong. EJ in downtrend channel.
1H : Bearish + Strong. EJ retracement completed. 
Trade Idea : Enter short when EJ close below 115.18, SL at 116.50. Current price at 115.46.

Happy trading to all.

GBP/JPY Analysis 2011-05-06

New suggestion for tonight. As the GJ reject the reversal, believe GJ will continue bearish. For those who count the Elliott wave, Wave 5 maybe completed. a-b-c corrective pattern may also completed.

Trade Idea : Enter sell stop with SL. Apply own money management.

Happy trading.

Currency Daily Update 2011-05-03

EUR/USD

Weekly : Bullish + Strong
Daily : Bullish + Strong
4H : Bullish + Flat Range since April 28, 2011.
1H : Neutral, Retracement is progress. Kumo as support.
Trade Idea: Enter long at 4H when EU close above 1.4900 with SL at 1.4820. Enter short when EU close below 1.4750. Current price at 1.4874.

GBP/USD

Weekly : Bullish + Strong
Daily : Bullish + Retrace. Support at 1.6823
4H : Bullish + Weak. GU touched Kumo and bounce back and may want to test Resistance level at 1.6423 again.
1H : Bearish + Retracement is progress. GU currently below Kumo, 
Trade Idea : Enter short when GU close below 1.6423 and SL at 1.6590 or enter short when GU create a lower high at 4H TF. Current price at 1.6531.

GBP/JPY

Weekly : Neutral
Daily : Bullish + Weak. Previous support at 135.46 broken.
4H : Bearish + Strong. Retracement in progress. GJ below Kumo, TS and KS.
1H : Bearish + Retracement in progress. GJ above Kumo. KS react as Resistance (134.35).
Trade Idea : Wait for retracement to complete at TF1H. Enter short GJ close below TS with SL above KS (134.35). Current price at 133.78.

USJ/JPY
Weekly : Bearish + Weak. Support at 80.00
Daily : Neutral + Sideway. Testing Support at 81.15.
4H : Bearish + Strong. Testing Support at 80.00.
1H : Bearish + Strong. Double bottom fail to materialize.
Trade Idea : Wait for bearish retracement somewhere at Kumo 4H TF (81.76) before go for short . SL when price close above 82.26. Current price at 80.93.

EUR/JPY
Weekly : Neutral.
Daily : Bullish + Retracement. Triangle pattern in progress.
4H : Bullish + Weak + Flat. Support at 118.90.
1H : Bearish + Weak. EJ currently pullback from reaching Kumo. Kumo as Resistance at 120.70. 
Trade Idea : As EJ pullback from Kumo. Enter short at 1H TF when candle close lower. SL at 120.70. Possible target profit (TP) at 119.15. Current price at 120.23.

Happy trading to all.

Currency Daily Update 2011-04-28

EUR/USD

Weekly : Bullish + Strong
Daily : Bullish + Strong
4H : Bullish + Strong
1H : Bullish, Retracement is progress. Kumo as support.
Trade Idea : Enter long at 1H with stop loss at 1.4735.

GBP/USD

Weekly : Bullish + Strong
Daily : Bullish + Strong. Move today Resistance 2 (1.6871)
4H : Bullish + Strong. GU successful testing Resistance 1(1.6423) and bullish continue
1H : Bullish + Retracement is progress. GU currently above Kumo,  GU in between TS(1.6680) and KS(1.6620).
Trade Idea : Enter long now or wait 1.6642 or GU close above at time frame (TF) 1H.  SL when GU close below KS at TF1H or depend on your money management.

GBP/JPY

Weekly : Neutral
Daily : Bullish + Weak. GJ testing support at 135.46.
4H : Bullish + Weak. Retracement in progress.
1H : Bullish + Retracement. GJ above Kumo. Kumo react as Support.
Trade Idea : Wait for rebound at TF1H. Enter long with SL below previous lowest bar.

USJ/JPY
Weekly : Bearish + Weak. Support at 80.80.
Daily : Neutral + Sideway. Testing Support at 81.15.
4H : Bearish + Strong. Testing Support at 81.15..
1H : Bearish. Possibility to create double bottom.
Trade Idea : As UJ has possibility to create double bottom at TF1H. Traders may want to make entry long now and put SL at 81.25.

EUR/JPY
Weekly : Neutral.
Daily : Bullish + Retracement. Support at 118.33
4H : Bullish + Strong. Retracement in progress. Support at 120.10
1H : Bullish + Retracement. EJ currently near Kumo. Kumo as Support is on testing. 
Trade Idea : As EJ at Kumo in 1H TF and suggest to enter long when TS cross KS predict at 121.25.

Happy trading to all.

GBP/JPY Weekly Analysis

Weekly Chart : A pin bar appeared under the TadawulFX broker. An indication of rejection of GJ from going down. GJ still moves inside Kumo as long term traders do not make any significant move.

As bearish is weak on weekly chart, GJ may started to change trend by next week.

4H Chart : GJ moves in flat trading range. Volatility is low. GJ is predicted to make a significant move next week or next 2 weeks during Non-Farm news.

Trade Idea:

1- Enter long when price close above previous peak or above Kumo. SL at KS.
2- Enter short when price close below KS. SL around 100 pips.

Happy trading.

GBP/JPY Weekly Analysis

 Weekly Chart : GJ moves in range.

Daily Chart : GJ in retracement and hit previous demand and supply zone. GJ may test the zone next week before continue bullish.

4H Chart :GJ start to bearish. GJ is in demand and supply zone.

Trade Idea:
1 - Buy when TS cross KS and GJ close above Kumo.
2- Sell when GJ continue bearish and close below demand line.

Happy trading.

Daily Update 2011-04-11

EUR/USD

Weekly : Bullish
Daily : Bullish
4H : Bullish
1H : Bullish, Retracement is progress. Kumo as support.
Trade Idea : Enter long when TS cross KS at 1H with stop loss. To those who familiar with hedging and good at money management, can use hedging strategy if price move south.

GBP/USD

Weekly : Bullish
Daily : Bullish
4H : Bullish. GU testing Resistance 1. Refer previous chart.
1H : Bullish, Retracement is progress. GU currently above Kumo but TS still below KS.
Trade Idea : Enter long when TS completely cross KS at time frame 1H. Put stop loss depend on your money management.

GBP/JPY

Weekly : Neutral
Daily : Bullish. Testing Resistance 1.
4H : Bullish. Retracement in progress. GJ move in flat pattern.
1H : Bearish. bearish retracement. GJ below Kumo.
Trade Idea : Can trade both side. Long or Short. If short trade, suggest to put target at 4H Kumo. If long trade, suggest not to put target profit as GJ tend to move toward Resistance 2. Refer previous weekly chart.

USJ/JPY
Weekly : Neutral.
Daily : Neutral. Testing Resistance 1.
4H : Neutral. Retracement in progress.
1H : Bearish.  
Trade Idea : UJ near Kumo. Not recommended to open any trade until a good trade setting appear. If to open trade at 4H, wait until UJ cross above TS and KS for long trade. If to open trade at 1H, wait for UJ to retrace at time frame (TF) 1H from bearish for short trade.


EUR/JPY - Chart to be posted later.
Weekly : Neutral.
Daily : Bullish. Resistance 1 already broken.
4H : Bullish. Retracement in progress.
1H : Bullish. EJ currently at Kumo. Kumo as Support is on testing. 
Trade Idea : EJ at Kumo in 1H TF and suggest to enter long when TS cross KS and EJ higher than previous high (123.28).

Happy trading to all. Wish you all success.

GBP/JPY Analysis 2011-04-07

There is nothing much happening on weekly chart. GJ remain in neutral position as long term bearish is weak. On daily chart, trader should take some profit as GJ reach Resistance line. GJ moves sideways for today up to this moment and trader can assume mid term trend is bullish.

However, we can see clearly GJ now move below Tenkan Sen and we can conclude that GJ in correction or retracement. A range box is drawn to see whether GJ can break the immediate support and resistance. Traders may want to use Fibo retracement number to target the price maybe at 61.8%.

Trade Idea:
Let GJ finish the retracement before setup a long entry. Two ways of entry setup are suggested.
1- Put buy stop slightly above box and stop loss slightly below box.
2- Make a long entry if trader see Tenkan Sen cross Kijun Sen.
However, we are fully responsible on how we trade. Idea above is merely suggestion.

Good luck.

GJ Analysis

As of today, we see GBP/JPY (GJ) almost break the Kumo. Weekly chart tell us that bearish is almost over. As price move strongly and touched resistance line that was drawn last week, new resistance line number is drawn. Refer new chart.

On daily chart we can see the bullish is very strong as price far away from kumo. This is good indication of reversal from bearish trend will soon become real for long term trend.GJ has reached the Resistance 2 line as per last week chart (Now become Resistance 1, today's GJ chart.). It is good to take partial profit this time.

On the 4H chart GJ we don't see any correction. GJ may soon make a correction before continue bullish.

Trade Idea:
Good time to take partial profit. Wait for correction before enter new long.