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/USD Analysis 2011-06-14

Long term (Weekly chart) has shown that GU in critical situation whether GU continue it bullish or make a bearish reversal.

In mid term (4H Chart) GU move in downtrend channel. A new lower high is yet to be seen. GU in Kumo and can consider a neutral position until it exit Kumo.

Trade Idea: Looking for sell entry with stop loss. If 2 MAs cross each other at 1H chart, a sell decision become more obvious.

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/USD Analysis 2011-06-07

GU is making progress to continue bullish at TF 1H. Buy Stop adjusted entry triggered yesterday. GU is trying to exit the 4H downtrend channel.

Trade Ideas : Buy entry is triggered.

Happy trading.

EUR/USD Analysis 2011-06-03

EU continue bullish. She may soon may wants to take a break. Better take some profit and let the rest ride the wave.

Trade Idea : No entry recommended. Wait until retracement.

Happy trading everybody. Have a good weekend.

EUR/JPY Analysis 2011-06-02

EJ now at the crossroad and traders are discussing whether to long or short. We can see from the charts that many in neutral stage except at 4H chart. A breakout will take charge sooner or later.

Trade Idea : Refer chart 4H for long entry with SL.

Happy trading.

GBP/USD Analysis 2011-06-02

GU now quite confusing as there are mixture of trends. Bullish and bearish at different time frame.

Trade Idea : Enter long when GU break above resistance or short when GU break support. Enter with SL.

Happy trading.