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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, September 19, 2010

GBP/JPY---THE NEXT Bright Star of FX (above 140.00 ) ??

Due to the  relatively stable GBP  and the imminent weakness of Yen (due to BOJ intervention) , we may see a bullish Breakout for this currency pair in upcoming week.

Daily Chart with trendlines 



Daily Chart with Ichimoku,


On the Daily Chart with trendline, we note that this currency pair has breached the upper trend line convincingly last week, with bullish and positive-biased sentiments, it shall be lifted toward 137.70 (100 % Fibo Retr), follows by  144.00 , its 161 % Fibo Extension.

On the Daily Chart with Ichimoku, we observe that breaking the Ichimoku Cloiud Top Resistance near  135.00 (Also the Resistance 3), may then expose next higher level near 137.70 and beyond.

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