From the technical point of view, it looks like the pair is bullish in the mid term. It found strong support at 221, followed by 223.50, and right now its formed a piercing pattern, which could turn into an engulfing candle if the day closes higher ...

Daily GBP/JPY analysis

I hope thats demo

Daily GBP/JPY analysis

usdjpy

Daily GBP/JPY analysis

gbpjpy

Daily GBP/JPY analysis

I wish I knew that.. but you have to be careful as it is a clear bullish signal right now, however there's a strong resistance at 224.20, and keep in mind that usdjpy broke the 116.20 support after 8 attempts. Thats a significant bearish sign. ...

Daily GBP/JPY analysis

Looks like a hammer is forming on the 4h chart. That'd mean that current down move is over for now, and a move up is possible.

Daily GBP/JPY analysis

Hi, I magnified the chart a little bit and I used the fib tool from metatrader, no special application. I hope that's what you are asking for.

Daily GBP/JPY analysis

Watch out for the two support/now resistance lines at 222.40 and 223.70, we could see futher move down as they were important support levels that were broken. Good luck!

Daily GBP/JPY analysis

I've got lots. Which ones are you interested in?

i want to read

I dont know why not. Try this

Forex and market profile

Maybe this will help, although I dont know have to use it. I'd like to learn though.

Forex and market profile

"20:51Hearing some redemption by Japanese investors of foreign investments may be the reason for the action."

Daily GBP/JPY analysis

When these turn red.. LOL. But seriously, I don't see any significant resistance until 226.50, but it could sooner. We'll see what happens during London session. What are your thoughts?

Daily GBP/JPY analysis

how do you guys/girls feel about shorting the rally once it shows signs of weakness? sounds like a good idea to me

Daily GBP/JPY analysis

Well Im out with 11 pips lol it doesnt seem to be going anywhere. Im stuck with a short gbp jpy whats ur take on that?

AUD/USd

I agree, this may be a good place to go long. I entered at .7711. There are two things keeping it from going lower. The trendline, as well as the strong support. My stops is at around 40 pips lower. Good luck!

AUD/USd

Right now this pair's in an interesting situation. It's at the key support of .7800-15. Depending on whether it will hold or not, we should either see a test of the blue rising trendline (at around .7730-40), or a reversal upwards toward .7940 ...

Aussie Pairs

By looking over the past few weeks, it seems that this pair is prone to some neat breakout patterns. In fact, in January and February one could've traded this pair on trendline breakouts alone. Just a thought.

EUR/GBP The Week Ahead

Hourly Chart — Here's the hourly chart. I think it's fair to expect a retracement from friday's move to .38 or .50 fib level, and that would coincide with the retest of a medium term trendline that was just breached. This would create a good ...

EUR/GBP The Week Ahead

Daily chart — On the daily chart, we have further bullish confirmation. The pair just closed above the blue medium term trendline. There is strong resistance just above, at .6793, and another one at .6819.

EUR/GBP The Week Ahead