We closed the day with 162 pips on GBPJPY.     1. The GBPUSD is seen to be consolidating between 1.6760/70 and 1.6830/40 range since few trading sessions now. Yesterday, the pair spiked through 1.6850 levels to reverse sharply. Trading strategy could be to buy at support and short at resistance for now. Furthermore, a […]

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  Our GBPJPY trade was right on target, yesterday's candle did close as a kangaroo tail leaving us enough room to go short placing our stops at the tail of the candle and our T/P at 170.32 first 169.82 second. On the other hand GBPUSD has also dropped nearing 1.6756. Though this is believed to […]

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Our first indication of Japs getting stronger is indicated clearly on the GBPJPY and USDJPY pair. Though they gain strength it would be short lived however, we as traders can capitalize on this foreseen opportunity and bag gains on it.   From the chart above we see that the price has been stalling at 171.62 […]

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  Technical outlook and chart setups: The story since last one month has been discussed earlier. The EURUSD bears have taken control since sub 1.4000 handle, broke the trend line support as seen here. Subsequently, critical supports levels (1.3775, 1.3675, and 1.3640) were taken out as well. At the moment, the pair is seen to […]

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EURUSD negative tone leaves late May bear bias for 1.3520 A grind lower Thursday to reinforce the negative outside Wednesday pattern through notable chart support from Feb at 1.3645 to reinforce the bearish tone. Whilst capped below 1.3730/35, we see risk for a better push below 1.3645/35 to aim for the key 1.3520 retrace level […]

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GBP JPY went in a favour and as discussed yesterday we hit our target of 107 pips. We are still expecting the price to rise another 60 pips before making a pause however, we have closed our position at 171.343. A quick snap shot of the charts below yesterday and today. Yesterday—21/May   Today—22nd May […]

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GBP JPY looks to be a trade of the Month with prices nearing the ascending triangle and the lower ascending channel rising all the way up from October 2012, 19 months in the lieu. If you have noticed each time the pair has hit the lower channel line it has made a bump upwards to […]

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Cable moved sideways in choppy trade today, ahead of the inflation data (exp 1.7% YY) due later in the coming session, and then tomorrows BOE Minutes and Retail Sales. The short term charts are mixed, but the dailies do still point a bit lower, so I suspect that rallies towards/above 1.6900 are probably a sell […]

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The pair continues to move in the descending trend, the pair did not succeed to hold the positions which were gained yesterday. Thus, the price has returned to the yesterday's 1,3717 resistance level, Tenkan and Kijun lines are bound below the price, the price is moving along the lower border of the descending cloud. On […]

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