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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Sunday, July 25, 2010

GBP/JPY ---a next Super Star of FX ?

The imminent rising strength on British pound  and the "Apparent Weakness" of the Yen shall yield maximum pips for FX  Traders.  All Technicals are pointing Bullishness near term.

On Daily Chart, breaking the Ichimoku Cloud Top resistance near 136.33 shall send this currency pair going beyond 141.67  (50 % Fibo Retr, from 126.67 low to 156.76 high, on WEEKLY  Chart)




Daily Chart GBP/JPY


H4 GBP/JPY

STRATEGY

BUY near 135 (near its  first resistance on H4 )

Target: ; First Target: 136.30, follows  by 141.67 next
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