gbp/jpy analysis - Page 6 - Forex Forum

fibo777 · #51 (**permalink**) 29th August 2010, 22:27

Quote:

Originally Posted by tradersmindset

@fibo777,
Good analysis there my guy.
Cheers

Hi, thanks. Are you a new moderator? It is written junior.

fibo777 · #52 (**permalink**) 29th August 2010, 22:28

Resistance of 132.00 was broken on friday. Now it is support. If it goes to the level in european session I would look for opportunities to buy. 133 is now resistance.

fibo777 · #53 (**permalink**) 2nd September 2010, 22:24

gbp/jpy bumped into double bottom on the 31st of august (last week) and now ranging between 128.64 and 131.00. Buy at support and sell at resistance. Simple trading system.

fibo777 · #54 (**permalink**) 7th September 2010, 20:57

gbp/jpy is at resistance now, there could be shorts at the level when a reversal structure is in place. Support is at 128.00

fibo777 · #55 (**permalink**) 9th September 2010, 22:17

Support at 128.00 held now it is at 128.50. Possibilities to go long from there. Again, price action around European session is the most important to watch.

fibo777 · #56 (**permalink**) 15th September 2010, 22:03

If Japs continue intervening the best policy would be to buy gbp/jpy and other pairs after retracement.

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