Gbp/jpy Parity On September

A news heavy trading day saw sharp rallies in the pound while the Aussie dollar traded lower. Economic News USD - Dollar Shrugs Off Poor Retail Sales Traders overlooked disappointing January retail sales numbers as the dollar was mixed versus the major currencies. Retail sales for the previous month failed to meet economists' expectations, positing a 0.3% increase on expectations of a 0.5% jump. December's sales numbers were revised lower to 0.5% from 0.6%, underscoring the negative tone of the report. Other US economic data showed investors continued to increase their purchases of long term US securities as the TICS capital flow report released results showing 69.5B USD in purchases. Expectations were for purchases to total 91.3B. When discussing the President's Federal budget plan, ...

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

Commentary of the GBP/JPY parity : The parity continues its bearish movement and the breakout of the support at 132.03 gave us a new sell signal. The parity seems now to move into a bearish channel. We maintain to trade only short positions as far as 132.03 is resistance. The next support is at 130.86 and has been already tested. The breakout of this level will give a new sell signal. If the price gets back above 132.03, we will be neutral. See the previous analysis of the GBP/JPY parity of September 30th, 2010

Commentary of the GBP/JPY parity : The parity continues its bearish movement and is testing again the support at 132.03. The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as 133 is resistance. The next support is at 130.86. However, if the price gets back above 133, a buy signal will be given. See the previous analysis of the GBP/JPY parity of September 29th, 2010

Commentary of the GBP/JPY parity : The parity finaly got back below 133 and so a sell signal has been given. 133 will be our key level : - Below this level, we advise to trade only short positions. The breakout of 132.03 will give a new sell signal - Above this level, we could trade again long positions. See the previous analysis of the GBP/JPY parity of September 28th, 2010

Commentary of the GBP/JPY parity : The parity don't succeed to continue its bullish movement and is currently testing the support at 133. We maintain to trade only long positions as far as this level is support. However, if the price get back below 133, a sell signal will be given. We will then advise to trade only short positions as far as 133.16 is resistance for a return on 132.03. See the previous analysis of the GBP/JPY parity of September 27th, 2010

Commentary of the GBP/JPY parity : The parity got out of its range (132.64-133.16) from the top, giving us a buy signal. We now advise to trade only long positions as far as 133 is support. The breakout of 134.40 will give a new buy signal. However, if the price get back below 133, a sell signal will be given. See the previous analysis of the GBP/JPY parity of September 24th, 2010

Commentary of the GBP/JPY parity : The volatility got high lastly and the resistance at 132.64 has been broken. So we are neutral on the parity between 132.64 and the resistance at 133.16. We will wait an exit of this range to take position again : - Long if 133.16 is broken - Short if 132.64 is broken See the previous analysis of the GBP/JPY parity of September 23th, 2010

Commentary of the GBP/JPY parity : The parity continued its bearish movement towards the next support at 132.03 but this level allowed a rebound of the parity. However, we maintain to trade only short positions as far as 132.64 is resistance. THe breakout of 132.03 will give a new sell signal. Between 132.64 and 133.16, we are neutral. Only a breakout of 133.16 will allow us to trade long positions. See the previous analysis of the GBP/JPY parity of September 22th, 2010