AceTraderforex JULY 31 : Daily Outlook on Minors/Crosses GBP/JPY

Trading Discussion Currencies
1


DAILY GBP/JPY CROSS OUTLOOK - 149.02
31 Jul 2013 08:17GMT

Intra-day breach of y’day’s low at 149.18 sug-
gests fall fm last week’s top at 154.05 remains in
force n weakness to 148.29 is seen b4 rebound.

Sell on recovery with stop as indicated n only
abv 150.02 wud signal a temp. low is made, 150.92.

STRATEGY : Sell at 149.40

OBJECTIVE : 148.40

STOP-LOSS : 149.80

RES : 150.92/151.65/152.27

SUP : 150.02/149.18/148.79

2

my eyes on 156.20

3

[B]DAILY GBP/JPY CROSS OUTLOOK - 169.65
09 Dec 2013[/B] [I]23:37GMT[/I]

Stg’s rally abv last Tue’s 5-year top at 169.14
confirms MT uptrend has once again resumed n gain
twds 170.00 is envisaged, abv, 170.40/50 later.

Buy on dips with stop as indicated, break risks
stronger pullback to 168.13 but 167.87 wud hold.

[B]

STRATEGY :[/B] Buy at 169.15

[B]OBJECTIVE :[/B] 169.95

[B]STOP-LOSS :[/B] 168.55
[B]
RES :[/B] 169.70/170.00/170.50
[B]
SUP :[/B] 168.60/168.13/167.87

4

[B]DAILY GBP/JPY CROSS OUTLOOK - 173.45
30 Dec 2013[/B] [I]23:18GMT[/I]

Y’day’s retreat fm 173.86 signals choppy trading
below Fri’s 5-yr peak at 173.94 wud continue, below
173.04 wud bring stronger retrace. to 172.65/70.

A firm rise abv 173.67 (NY) signal pullback pos-
sibly over n bring re-test of 173.94, break, 174.30

[B]STRATEGY :[/B] Stand aside

[B]RES :[/B] 173.67/173.94/174.34

[B]SUP :[/B] 173.04/172.51/171.84

5

[B]DAILY GBP/JPY CROSS OUTLOOK - 172.65
09 Jan 2014[/B] [I]07:17GMT[/I]

Wed’s strg rebound suggests fall fm last Thur’s
5-year peak at 174.85 has made a low at 170.42 on
Mon n abv 172.84 may bring stronger gain to 173.50.

Below 171.83 wud signal recovery fm 170.42 has
made a top n may bring fall to 171.06 n 170.84.

[B]STRATEGY :[/B] Stand aside

[B]RES :[/B] 172.84/173.16/173.50

[B]SUP :[/B] 171.83/171.06/170.84

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[B]WEEKLY GBP/JPY CROSS OUTLOOK - 170.48
13 Jan 2014[/B] [I]02:10GMT [/I]

Stg’s retreat fm last Thur’s 173.10 high signals
recovery fm 170.42 has ended there n fall fm Dec’s
5-yr peak at 174.85 shud resume twd 169.75 later.

Trade fm short side n only abv said 173.10 wud
defer n risk stronger gain twd 173.94.
[B]

STRATEGY :[/B] Short at 173.00

[B]POSITION :[/B] Short at 173.00

[B]OBJECTIVE :[/B] 170.00

[B]STOP-LOSS :[/B] 171.50

[B]RES :[/B] 173.10/173.94/174.85

[B]SUP :[/B] 170.42/169.75/168.46

7

[B]DAILY GBP/JPY CROSS OUTLOOK - 169.70
04 Mar 2014[/B] [I]06:07GMT[/I]

Although sterling intra-day rebound after Monday’s
sell off to a 2-week low at 168.85, as long as 169.81
res holds, fall from 171.89 would head twd 168.55.

Raise short entry for 168.80 1st and only above 170.
00 risks gain twd 170.30 (61.8% r from 171.89).

8

My view on GBPJPY