Beuleah Analysis

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Currency analysis from a backyard Economist

04.02.09 – GBPJPY Daily Chart

 

The daily downtrendline was broken last week and this week on monday it had a sharp decline but the fact of the matter is, GJ is not respecting the daily trendline at all.

This is the live trade I’m currently in. Based on the last low at 128.40. If it retrace more I’ll adjust my position size and target profit according to the development.

 

- A~I~

gj04-02-09-011

Filed under: GBP/JPY

GBP/JPY Madness – On Our Side

gjtoday1Went short at 23.6% retracement

gjtoday21

Madness absolutely madness, but hey I won’t turn down these 400 pips right? ;-)

Filed under: GBP/JPY

Greenspan Says Credit Crisis Is Worst in 50 Years

Greenspan said:

“Have we reached a point where prices are stable? We cannot know that for a couple of months,” he said. He added that prices may begin to stabilize by the start of 2009 as home inventories decline.

S & P’s average earning is declining by 11%…. sounds like the anti-USD trend will continue.


GBP/JPY possible end of the retracement (?)

Update

He he he!

Filed under: GBP/JPY

GBP/JPY and USD/JPY identical setup

gjlong.gif

ujlong.gif

Going down I guess….

Filed under: GBP/JPY

Divergence on GBP/JPY

Smelling 189

gj.gif

Filed under: GBP/JPY

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