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  1. eur/jpy and gbp/jpy still look bullish

    by
    fibo777
    , 01-08-2013 at 08:50 AM
    Today I was looking at eur/jpy and gbp/jpy pairs and saw some bullishness continuation signs. It is rather difficult for most traders to stay bullish on pairs that have been running so strong for so long. Both pairs have soared from the middle of November. Bank of Japan bearish comments and upcoming elections cause Yen to collapse. Fundamental picture might not be as gloomy as most paint, but as we do not see any signs of reversal yet we should be trading Yen from short side.

    If you look at 1 and 4 hour charts of both pairs you will see bullish triangles. Furthermore, both pairs are above their 200 simple moving averages. eur/jpy is also above its’ 50 simple moving average. Of course, technical indicators might not be that ...
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  2. Current GBP Trading Plans

    by
    forexheatmap
    , 01-17-2012 at 10:28 PM
    The GBP/JPY has little support below the alarm price and the GBP/USD has substantial room to drop below the alarm price. on both pairs the trends could improve quite a bit below these price levels.


    GBP/JPY – first level support is around 117.40, set sell alarm here

    GBP/USD – first level support is around 1.5265, set sell alarm here



    When the alarms hit verify any sell entries with The Forex Heatmap ™ and look for GBP weakness or cross currency strength or both.


    Good Trading
    Mark Mc Donnell
    www.forexearlywarning.com
    Spot Forex Trading Plans Across 28 Currency Pairs
    $19.95 per month


    Name: 5-3-2011 Main Session GBPCHF Sell Signal - Copy.jpg Views: 234 Size: 184.7 KB ...
    Tags: gbp/jpy, gbp/usd
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  3. Current GBP Trading Plans

    by
    forexheatmap
    , 05-25-2011 at 11:23 PM
    GBP/JPY – strong uptrend building, set buy alarm at 133.80

    GBP/USD – D1 timeframe intermediate uptrend is forming set buy alarm at 1.6320, first resistance around 1.6400 but overall potential as high as to 1.6740

    EUR/GBP – intermediate D1 timeframe downtrend in place, set sell alarm at 0.8630, good potential but exact target is unknown

    When the price alarms hit verify any buys or sell entries with The Forex Heatmap ™ and look for GBP strength or cross currency weakness or both.

    Good Trading
    Mark Mc Donnell
    www.forexearlywarning.com
    Spot Forex Trading Plans Across 25 Currency Pairs

    30 day free trial
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  4. Current JPY Trading Plans

    by
    forexheatmap
    , 02-16-2011 at 11:38 PM
    AUD/JPY - strong uptrend, set buy alarm at 84.00, no near term resistance

    CAD/JPY – Strong uptrend, set buy alarm at 85.05

    GBP/JPY – intermediate uptrend, check this pair when the other two JPY plan alarms hit. Since this pair is building increasing tops and bottoms we would consider a buy below the 135.50 resistance if the heatmap signals are good quality.

    When the price alarms hit verify any buy entries with The Forex Heatmap ™ and look for JPY weakness or base currency strength or both.


    Good Trading
    Mark Mc Donnell
    www.forexearlywarning.com
    Spot Forex Trading Plans Across 22 Currency Pairs
    30 day free trial
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