Man, thats good analysis. I never thought about it like that. Thanks

Daily GBP/JPY analysis

Im out right now, but watching this closely, a move down may be coming soon, and Id like to catch it as early as possible. Having said that, it's just as possible that it'll move further up in the upcoming days.

Daily GBP/JPY analysis

the hanging man on the previous post chart should be a bearish sign, and coupled with the strong resistance level, it might be a nice play. However, things are slow right now, and we'll have to wait for the london session or until tomorrow to see ...

Daily GBP/JPY analysis

Heres a chart of usdjpy, as you can see it reached the .50 fib level, as well as a resistance line. It should be interesting to see what happens at this point. Gbpjpy will surely follow.

Daily GBP/JPY analysis

Hi, the lines are from my own analysis, I don't use an indicator for this. Usually those red lines show recent swing lows/highs, as well as some congestions areas or simply levels where the price has bounced off a few times in recent past. Hope that ...

Daily GBP/JPY analysis

Dude, youre not gonna last long on here if you keep this up

Daily GBP/JPY analysis

Im watching these levels intraday. We can expect to see some action around them. As Monk just mentioned, 228.20 is in play right now. It looks like it held the first attempt.

Daily GBP/JPY analysis

It's sitting at an old resistance right now at 228.20, if it breaks that it should be able to go to the bottom of my blue channel. But you never really know.

Daily GBP/JPY analysis

nice analysis, as usual. thanks!

The View DownRiver

Looks like we may see some resolution in the upcoming weeks as far as this pair is concerned. Either a new high above the resistance line, or break of the trendline which has held pretty well recently. Against further upward action is the fact that ...

Aussie Pairs

Here are the levels that should be in play this week. Watch for price action around 228.80, 231.00, 232.50. Those could be potential reversal levels. On the chart, red thick lines are resistance areas, yellow fibs are from the move 241 to 220, and ...

Daily GBP/JPY analysis

Notice the confluence of the resistance level of 228.60-80 and the .38 fib. This is an important point, and we may either see a sharp retrace, or in case it is broken, further upside action will follow. On the other hand, we could see a week of ...

Daily GBP/JPY analysis

Personally, I'd like to see a repeat of what happend back then, because judging by last two weeks' action, that's the easiest and quickest money to make. Hopefully, that's what will happen sometime in the near future.

Daily GBP/JPY analysis

the chart

Daily GBP/JPY analysis

There is a pin bar forming on the weekly chart, and a hammer on the monthly, which would normally signify a bullish sentiment, or at the least a consolidation pattern after the recent slide. However, if you look back to '98, a pin bar also formed at ...

Daily GBP/JPY analysis

And here's the infamous range that is containing all the recent action so far. We should watch this closely, as a breakout to either side can give us clues as to the medium term direction of this pair. There's some strong resistance at 1.9450 level, ...

Cable Update (GBPUSD)

On the weekly, a hammer has just formed, following the bounce from 1.9200. That's contrarian to the monthly bearish outlook, and this level will need to be broken to see further selling of this pair. Therefore, we could see some move up before ...

Cable Update (GBPUSD)

Looks like we may have seen the top of this uptrend already, and this month we're finally seeing some downward movement after three months of indecision. The key level in this pair is 1.9200, and if it is broken, there could be a huge move down. ...

Cable Update (GBPUSD)

On the daily chart, we finally saw a breakout from the range. But there may be resistance at 1.2400-1.2550 congestion area. If that is cleared, we may see a breakout from this triangle, which would coincide with the longer term bullish sentiment ...

USD/CHF

The last candle is a bullish engulfing pattern, which coincides with the support area of 1.2200 that successfully held. We should expect a test of the upper arm of the triangle somewhere around 1.2700-1.2800, if we see further bullish action in the ...

USD/CHF