The GBP/JPY continued to maintain its weakness , and broke out of triangle pattern as shown on the daily chart below, this scenario builds a pressure on the 137.84 levels.
On the downside, support is at 138.25 ahead of 137.84 (main), losing the key support 137.84 on a daily closing basis would bring more fall towards the 135.88 levels ahead of the131.66 levels.
On the upside , resistance is at 141.70,143.80,144.76 and 145.87(main),to retrieve its strength, the GBP/JPY will have…Continue
Recommendation: LONG positions above 142.62 with 143.50 & 144.80 as next targets.
Alternative scenario: The downside breakout of 142.62 will open the way to 141.37/139.25.
Comment: As long as the key support 142.62 holds, more gains to 143.50/144.80 levels are suggested, break of the key resistance 144.80 will advance the pair to 148.23 levels,while break of the key support 142.62 will call…
Recommendations: SHORT positions below 133.48 with 130.90& 128.98 as next targets.
Alternative scenario: The upside breakout of 133.48 will open the way to 136.10/140.00.
Comment: As long as 133.48 holds the pair is under pressure with eyes on 130.00 levels,a daily close above 133.48 will resume the upside move and target…Continue
Added by Haitham653 on December 10, 2012 at 12:32am — No Comments
Added by Haitham653 on November 26, 2012 at 1:53pm — No Comments
The GBPJPY builds a strong bullish momentum on a daily basis, pressure will be on the key resistance 128.18, GBPJPY will have to hold above 128.18 and the falling line from 128.83 on a daily closing basis to push the market for further upside gains, if seen this scenario could push the pair further higher towards 128.83 levels, where a breach will turn focus to 129.57,131.82. then 133.24 , Alternatively a failure to hold above 128.18 could mean a return to the 126.70 levels, however, If…Continue
Added by Haitham653 on October 23, 2012 at 11:10am — No Comments
AS shown on the chart posted below, the GBPJPY continued to gain strongly, till stopped by 38.2% retacement of the run (127.10 / 133.48) around 131.00 levels , a clear break above this level may add more bullish momentum and delay the drop testing 133.50 area , but a clear break below 129.55 is supposed to lead for massive bearish move testing the key support 127.10 ..
According to 60 min chart, the pair is rising with low momentum , so a drop may happen any moment with strong…Continue
Added by Haitham653 on April 19, 2012 at 9:55am — No Comments
By taking a quick look to the daily chart:
1- According to daily RSI, the pair is in extended bearish divergence (…Continue
Added by Haitham653 on April 9, 2012 at 2:00pm — No Comments
Well , according to momentum indicators , % R indicator suggests bullish breakout at 129.75 , this level is protected by the low…Continue
Added by Haitham653 on April 2, 2012 at 12:00pm — No Comments
With Yesterday close 133.60 the pair breached below EMA 50 on daily chart and added strong negativity to the pair , the most thing that need to be watched yesterday's low 132.92 , we only need a daily close below this to support the bearish wave ?!!
Technically , Macd is below the zero line ( today candle )…Continue
GBP/USD & GBP/JPY strong bearish move on the horizon ?!!! (Strong Trend Reversal) especially GBP/JPY , we'll find out the next 24 - 48 hours, If we got a signal on the daily the pair should move to 130.00 at least and may be further toward 125.00 -123.00 level ...
Stay tuned ?!!!
Added by Haitham653 on May 3, 2011 at 10:29am — No Comments
Recommendation: Buy the pair around 135.00 S/L134.00 T/P 137.00 and…Continue
Added by Haitham653 on May 2, 2011 at 1:33pm — No Comments
Added by Haitham653 on April 25, 2011 at 7:28am — No Comments
EUR/JPY and GBP/JPY have a strong breakout pattern on 4 hour chart , once the bullish train starts moving I'll post a blog , they may attack 123.00 level and 140.00 level..l guess we're gonna find out the next 24 hours..
Added by Haitham653 on April 20, 2011 at 9:42am — No Comments
OK.. from the chart posted above , we should easily see the bearish divergence on the 4 hour chart , the pair at this moment is testing the support level around 138.70 level , we may witness a bearish correction or change in direction ...let's go the point ?!!
Moving average in upward trend , Williams…Continue
Added by Haitham653 on April 11, 2011 at 7:09am — No Comments