GBP/JPY 15/03/2009

GJ has been trading in a tight range on 5 mins chart. Nice triangle formation too. We may see a break-out of the triangle as we near the apex.

GBP/JPY 10/02/2009

I have added shorts on GJ after it broke the blue channel. It might try to reach for the lower green trend line. This trade looking very meaty. Good luck!

GBP/JPY 08/02/2009

GBP/JPY,

GJ has entered back into the blue uptrend channel. Currently it is testing resistance where it also meets a long term down trend line (Red line). If this resistance is broken convincingly we may see GJ reach for the upper blue channel line.

UJ, GJ 03/02/2009

USD/JPY

UJ has tested the red resistance line and stayed below the uptrend line. Currently the trend remains to be bearish. But if it breaks and goes above the red trend line, UJ might turn bullish on short term.





GBP/JPY

GJ as expected has tested and rejected the blue channel. Current trend remains down. Yellow trend line acts as resistance.

UJ, GJ 02/02/2009

USD/JPY

UJ has broken the uptrend channel (purple). I have entered a short position around the eclipse area. For now the price may be supported near the blue trend line. Whereas, the purple uptrend line will act as resistance.




GBP/JPY

GJ has also broken the uptrend channel (blue). I have entered a short position on GJ too near the eclipsed area.

See my previous update on GJ here and UJ here.