GBPJPY analysis - next Monday possible move?

2 comments Saturday, August 30, 2008

h4 chart - at market close
overall market sentiment: EXTREMELY BEARISH
h4 trendline and weekly 61.80% fibo level converge at 200.00...
bears might take a short break and wait a pullback for better discounts... ;)
US market close on Monday - market might move slow...... :(

UPDATE: market opened at 196.890 (120 pips gap down)
at 7 pm, market was at 194.131 (another 270 pips downwards)
MORAL OF THE STORY: dont fight the trend... :d
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GBPJPY analysis - that's NOT the question.....

0 comments Friday, August 29, 2008

daily chart - 5 am Malaysia
will 200.00 breaks or not? that's NOT the question.....takbole
the correct question to be asked is......

WHEN it will be broken?? tandukencem

UPDATE: 200.00 psychological level broken
price hit 199.00 at 3.30 pm... already locked some profit... doa
market closed at 198.15 celebrate
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GBPJBP analysis - tweezer candles.....

0 comments Thursday, August 28, 2008

h4 chart - 5 am Malaysia
another tight ranging day for GBPJPY... (:|
last two candles formed tweezer tops and bottoms
indication of an imminent BIG QUICK MOVE ... menari
just be patient and follow the price, ok... ;)

more on tweezer here....

UPDATE : lower yellow line was penetrated at 1 pm Malaysia
at 4 pm, price touched 199.785 doa
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GBPJPY analysis - moment of indecision???

0 comments Wednesday, August 27, 2008

h4 chart - 5 am Malaysia
high wave candle followed by doji..... :-?
market is indecisive of next move... :-w
or should i say... bulls refuse to get in the market... =))
break of either dotted yellow lines should establish next direction...tanduk
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GBPJPY analysis - last week low broken???

0 comments Tuesday, August 26, 2008

chart h1 - 6 pm Malaysia
last week low broken.... celebratedoa
will price go lower? :-?
UPDATE : at 9 pm, price went down to 200.66 (potential of 100 pips gain)
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GBPJPY analysis - where are the bulls???


daily chart - 5 am Malaysia
still no bulls in sight....garupale
a long bear candle after the high wave candle indicates bears are in control....
take note that previous support areas are almost breached..
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GBPJPY analysis - tomorrow calendar....

6 comments Sunday, August 24, 2008
6:45am NZD Low Impact Expected
FPI m/m

2:00pm JPY Medium Impact Expected
BOJ Governor Shirakawa Speaks

All Day GBP Non-economic
Holiday: Summer Bank Holiday

10:00pm USD High Impact Expected
Existing Home Sales

looks like fundamental analysis will dominate the market tomorrow......gigitjari
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GBPJPY analysis - engulfing bearish, at last.......

0 comments Friday, August 22, 2008

h4 chart - 5 pm Malaysia
at last.... engulfing bearish candle appears... doa
let see how far the beast will move...celebrate
UPDATE: at 9 pm, price went up to 203.912 (95 pips drawdown) adus
will close the the order if it breaks today high (204.580)gigitjari
market closed at 203.920
managed to close +25 pip at 2 pm Monday
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GBPJPY analysis - dragonfly doji???


h4 chart - 9 am Malaysia
trendline rejection??
dragonfly doji or hanging man candle ??
next bearish candle should confirm southward journey again.....siul
UPDATE: price went up to test weekly 38.2% fibo level....
see new chart above.. penat
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GBPJPY analysis - on the way???

0 comments Thursday, August 21, 2008

h4 chart - 8 pm Malaysia
last week low broken....celebrate
would the beast test 161.8% fibo level??? nerd on the way??? lapar
UPDATE: price failed to make a clean break
the daily candle closed at 203.646 sedih
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GBPJPY analysis - inverted cup and handle still in play???


h1 chart - 5 am Malaysia
inverted cup and handle pattern still in play....
slow downward momentum - might be due to the triple swap factor.. garupale
expecting the price accelerating down once 204.00 is penetrated
UPDATE: at 1.30 pm, price went down to 203.00 (100 pip gain) and still going down...
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GBPJPY analysis - inverted cup and handle???

0 comments Wednesday, August 20, 2008

h1 chart - 5 am Malaysia
possible inverted cup and handle pattern??? :-?
as long as the price stays below the cup base, bear is in control....
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GBPJPY analysis - indecision??

0 comments Tuesday, August 19, 2008

5 am - Malaysia
price did not make new high - bull exhaustion??
daily chart - an inside bar?? - indicates that market is in sideway mode
h4 chart - rising wedge broken, however momentum is lacking. needs further confirmation
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GBPJPY analysis - retracement mode??

0 comments Sunday, August 17, 2008

premarket preview
monthly chart - bearish engulfing in formation (candle not closed yet)
weekly chart - 3 black crows pattern, however long lower wick suggests retracement might occur..
daily chart - possible retracement to 50% (208.20) which also coincides with previous low :-?

stay out of market until retracement completed
go SHORT once h4 chart confirms downward movement
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GBPJPY analysis - 167.xx by end of Nov 2008??

0 comments Friday, August 15, 2008

WARNING: This is not a trade call. This post serves as a record purpose only.
Monthly chart
just noticed that a bearish flag pattern has burst out...
flag is one of most RELIABLE patterns....
usually occurs at mid-point at the move...
therefore, 167.xx is a possibility by end of Nov 2008 :-SS
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GBPJPY analysis - pullback done??

0 comments Thursday, August 14, 2008

h4 chart - 9 pm Malaysia
pullback completed?? :-?
spinning top candle??
fibo 38.2% level rejection??
UPDATE: at 8:30 am next morning, price had reached 204.40 (70 pips gain)
already locked some profit... B-)
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GBPJPY analysis - will the downfall continue??


daily chart
price is in crucial S/R zone
should the support breaks, next TP is 199.xx
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GBPJPY analysis - sell on rallies........

0 comments Wednesday, August 13, 2008

chart h1 - 6 pm Malaysia
sell on rallies.. B-) \:D/ <:-P
hit 161.8% level again... [-o<
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GBPJPY analysis - monthly low broken.......


monthly low broken??
possible TP 203.00 by the month end......??
party time...... \:D/ \:D/ \:D/
SELL ON RALLIES..... <:-P <:-P <:-P
UPDATE: 203.00 was hit at 11 pm (less than 24 hours) :-O :-O
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GBPJPY analysis - sweet 161.8% fibo.........


fibo 161.8% level hit again.....
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