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Analysis Of The Gbp/jpy ParityTitle:
Technical analysis of the GBP/JPY pair on October 18th, 2010
Commentary of the GBP/JPY pair :
130.33 acted as resistance and the parity touched the upper band of its bearish channel before the take up of its bearish movement. The return below 130 confirmed us the take up. Currently, the pair is testing the support at 129. The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as 129.77 is resistance. The next support is at 128 (lowest of september 7th and 14th).
See the previous analysis of the GBP/JPY pair of October 15th, 2010
Title:
Technical analysis of the GBP/JPY pair on October 15th, 2010
Commentary of the GBP/JPY pair :
The pair seems to continue its correction. However, we maintain to trade only short positions as far as 130.33 is resistance. A return below 130 will comfort our bearish feeling. However, if 130.33 is broken, we will stay neutral. Only a return above 130.86 will allow us to trade long positions (indeed, the parity is moving into a bearish channel).
See the previous analysis of the GBP/JPY pair of October 14th, 2010
Title:
Technical analysis of the GBP/JPY parity on October 14th, 2010
Commentary of the GBP/JPY parity :
The parity is currently testing a pullback on 130. We maintain to trade only short positions as far as 130.33 is resistance. The breakout of 129 will give a new sell signal. However, if 130.33 is broken, we will stay neutral. Only a return above 130.86 will allow us to trade long positions (indeed, the parity is moving into a bearish channel).
See the previous analysis of the GBP/JPY parity of October 13th, 2010
Title:
Technical analysis of the GBP/JPY parity on October 13th, 2010
Commentary of the GBP/JPY parity :
The parity continued its bearish movement and the breakout of 130 gave us a new sell signal. Then, the parity tested the next support at 129. Currently, the parity is making a correction. We maintain to trade only short positions as far as 130.33 is resistance. The breakout of 129 will give a new sell signal.
See the previous analysis of the GBP/JPY parity of October 12th, 2010
Title:
Technical analysis of the GBP/JPY parity on October 12th, 2010
Commentary of the GBP/JPY parity :
The parity continues its bearish movement and is currently testing the support at 130. We maintain to trade only short positions as far as the parity is moving into its bearish channel. The breakout of 130 will give a new sell signal. THe next support is at 129.
See the previous analysis of the GBP/JPY parity of October 11th, 2010
Title:
Technical analysis of the GBP/JPY parity on October 11th, 2010
Commentary of the GBP/JPY parity :
The parity continues its bearish movement and the breakout of the support at 130.86 just give us a new sell signal. We maintain to trade only short positions as far as the parity is moving into its bearish channel. THe next support is at 130. The breakout of this level will give a new sell signal.
See the previous analysis of the GBP/JPY parity of October 8th, 2010
Title:
Technical analysis of the GBP/JPY parity on October 8th, 2010
Commentary of the GBP/JPY parity :
The parity continues its bearish movement into its bearish channel. The parity is currently testing a breakout of the support at 130.86. If validated, a new sell signal will be given. The next support is at 130. We maintain to trade only short positions as far as the parity is moving into its channel.
See the previous analysis of the GBP/JPY parity of October 7th, 2010
Title:
Technical analysis of the GBP/JPY parity on October 7th, 2010
Commentary of the GBP/JPY parity :
The parity got out of its neutral zone (132.53 - 132.03) from the bottom and so a sell signal has been given. The upper band of the bullish channel acted as resistance. We maintain to trade only short positions as far as 132.03 is resistance. THe next support is at 130.86. The breakout of this level will give a new sell signal.
See the previous analysis of the GBP/JPY parity of October 6th, 2010
Title:
Technical analysis of the GBP/JPY parity on October 6th, 2010
Commentary of the GBP/JPY parity :
We maintain our last commentary : 'The parity finaly broke the resistance at 132.03 and is currently testing the upper band of its bearish channel. We are neutral at this time between 132.03 and 132.53. We will wait an exit of this range to take position:
- Long if 132.53 is broken as far as 132.03 is support
- Short if 132.03 is broken as far as 132.53 is resistance'
See the previous analysis of the GBP/JPY parity of October 5th, 2010
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