Minyu2Fx

Friday, August 28, 2009

GBP/JPY H1 Chart: At Resistance Trendline

GBP/JPY seems to find its support for now at 151.05. The pair has been retrace since and reach the upper trendline which give opportunity to sell again. Stop loss is limited to around 153.29 (current high & 50% retracement). First target is 151.05 and, hopefully, break that support until 146.8x :) See the chart and my previous post ok! Byee..

Wednesday, August 26, 2009

GBP/JPY : Break Below

Using my last chart setup, the pair has broken the trendline in Daily as well as in H4 candles. Below are the screenshots. Nothing change about the target, which still around the next support near 38.2% Fibonacci retracement at 145.86. Risk can be limited to yesterday high around 153.55. I think its about time to see a strong trend after sideway since August 17. I certainly hope so :) I'm off from my laptop for an internship interview until euro session I think. Ok, thats all. Happy trading guys!

Daily Chart

H4 Chart

Friday, August 21, 2009

GBP/JPY H1 Chart: Dare to Sell?

The pair touch the resistance trendline and seems like a good opportunity to sell. Target is around previous low with stop loss above the resistance trendline. The pair had broken the support but failed to sustain below it after a better than expected news series on Euro before on European session. Above the resistance would bring retest of 157.36 resistance.

Support & Resistance Indicator

Just want to make sure everyone seen this indicator. It's called "Support & Resistance (barry)" and I really don't know why what 'barry' means..hmm..maybe he is the owner..hmm..
Anyway, can you guess what this indicator can do? It is an indicator that shows.. support anndd.. that's right! it shows resistance too. Now, you might think that I'll give you only one file. Nooo...Instead of one Support & Resistance (Barry) indicator, you can have two. Yes! Two!
How to download the indicators?? I know you guys just can't wait to get these indicators, don't you? Don't you?? All you need to do is click the link below to download the files.