GBPJPY

Forex Trading: Update on GBP/JPY Hitting New Lows

Basil Fayad — Thu, 04 Sep 2008 16:47:45 -0400

Forex Trading: GBP/JPY Technicals Looking for a Break Through Levels Not Seen Since March 2008

Basil Fayad — Tue, 02 Sep 2008 18:59:31 -0400

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Forex Trading:USD/JPY sells off overnight on better than expected Housing Starts. JPY crosses sold.

Greg Michalowski — Fri, 29 Aug 2008 09:21:56 -0400

USDJPY sold off overnight as housing start rebounded for the first time in 13 months. Part of the slump in construction has been a result of a change in construction regulations. However, the credit conditions in Japan have tightened lately so caution should be applied. In other data, employment rate went down but the Job to Applicants went down indicating there are not enough jobs to satsify workers who are looking for them. Retail Sales were also higher, however, the gain can be attributed to higher prices for gasoline in July.

Technically, the pair tested the 200 bar moving average and bounced. The MA comes in at 108.42. The low was 108.41.

Forex Trading: GBPJPY Looking to Break Through 61.8% Fibonacci Level on Daily Chart

Basil Fayad — Wed, 27 Aug 2008 16:35:16 -0400

Forex Trading: GBPJPY shoots up and hits stops

Greg Michalowski — Wed, 13 Aug 2008 13:47:30 -0400

Stops were hit above the 206.22 level pushing GBPJPY to a high of 205.38, but the pair moved quicly lower. Markets got really volatile as shorts covered.

Forex Trading: GBPJPY leads the way lower. Now what?

Greg Michalowski — Wed, 13 Aug 2008 08:53:29 -0400

As per the posts yesterday, the GBPJPY did indeed move sharply lower (click here and here to see posts). The pair broke through the 100 day moving average at the 207.81 level (see 2 above)and did not look back. In fact, since the pair broke through the 5 month support line on the daily chart (see 1 above), the momentum has been one way.

Forex Trading: Stops in GBPJPY push it down to 207.44

Greg Michalowski — Tue, 12 Aug 2008 15:23:30 -0400

GBPJPY stops were hit as GBPJPY pushed through 207.81. (see previous posts) The pair still needs to close below this level to kick in Bearish longer term, but so far looking like the market is expecting that. Watch the close.

Forex Trading: Yen crosses continue to get hit

Greg Michalowski — Tue, 12 Aug 2008 14:58:01 -0400

The GBPJPY is gettting closer to the 100 day moving average at the the 207.81 level (low is 207.99). A close below this level on the daily chart will be bearish and should lead to further liquidation in the pair.

Forex Trading: GBPJPY/EURJPY moving lower after breaking support yesterday

Greg Michalowski — Tue, 12 Aug 2008 10:39:46 -0400

The GBPJPY broke through trendline support yesterday at the 210.97 level. It is now approaching support at the 207.81 level where the 100 day moving average is located.

Forex Trade: GBPJPY moves above 100 and 200 hour MA today

Greg Michalowski — Wed, 06 Aug 2008 13:35:36 -0400

The Yens weakness today was enough to bring the GBPJPY back above both the 100 and 200 hour moving averages turning the intermediate trend bullish. The 200 hour moving average comes in at 213.18 and this level should provide support for the rest of the day. A move back below the level would muddy the intermediate trend.