Hi All,
Crazy couple of days so far with the crosses ranging but with no reason for their rise or fall. The markets continue to be unsure of where to go and what to do and they seem so confused that even the fundamental reasons which used to drive them up or down do not seem to be having the same effects now. We still have the sub prime and housing issues but they dont seem to be going down. We have the stock markets going up which should drive the crosses up but that aint happening as well. So we are caught in a tight range and i do expect the crosses to be ranging today as well. I do not see any reason for a breakout today (though you never know).
Below are the supports and resistances for the JPY crosses:-
USDJPY - Important support at 115.23. If that is broken, next support is at 114.92 which is a very strong support and the final major support is at 114.04. On the topside, the resistance is at 115.58 and then at 116.00.
EURJPY - Important support at 157.41. If that is broken, next support is at 157.05 and the final major support is at 156.62. On the topside, the resistance is at 157.73 and then at 158.20.
GBPJPY - Important support at 232.35. If that is broken, next support is at 231.84 and the final major support is at 231.05.On the topside, the resistance is at 233.12 and then a major resistance at 233.95.
GBPUSD - Important support at 2.0164. If that is broken, next support is at 2.0134 and the final major support is at 2.0088.On the topside, the resistance is at 2.0212 and then a major resistance at 2.0259.
If you want to join my trading group/managed accounts, pls mail me at kartram.77@gmail.com
Happy Trading!!!
Thursday, September 6, 2007
Tuesday, September 4, 2007
Supports and Resistances for September 5, 2007
Hi All,
Nice day yesterday with the crosses going all the way down and then back all the way up so that they ended the day where they began from. The crosses still seem undecided on which direction to take. The fundamental reasons still persist which want the market to go down while the technicals want the market to go up. This unclear situation should continue through and hopefully in about 2 weeks time , we should have a clear direction.
Below are the supports and resistances for the JPY crosses:-
USDJPY - Important support at 115.87. If that is broken, next support is at 115.60 which is a very strong support and the final major support is at 115.43. On the topside, the resistance is at 116.42 and then at 116.68.
EURJPY - Important support at 157.71. If that is broken, next support is at 157.00 and the final major support is at 156.40. On the topside, the resistance is at 158.45 and then at 158.90.
GBPJPY - Important support at 233.45. If that is broken, next support is at 232.80 and the final major support is at 231.95.On the topside, the resistance is at 234.40 and then a major resistance at 235.02.
If you want to join my trading group/managed accounts, pls mail me at kartram.77@gmail.com
Happy Trading!!!
Nice day yesterday with the crosses going all the way down and then back all the way up so that they ended the day where they began from. The crosses still seem undecided on which direction to take. The fundamental reasons still persist which want the market to go down while the technicals want the market to go up. This unclear situation should continue through and hopefully in about 2 weeks time , we should have a clear direction.
Below are the supports and resistances for the JPY crosses:-
USDJPY - Important support at 115.87. If that is broken, next support is at 115.60 which is a very strong support and the final major support is at 115.43. On the topside, the resistance is at 116.42 and then at 116.68.
EURJPY - Important support at 157.71. If that is broken, next support is at 157.00 and the final major support is at 156.40. On the topside, the resistance is at 158.45 and then at 158.90.
GBPJPY - Important support at 233.45. If that is broken, next support is at 232.80 and the final major support is at 231.95.On the topside, the resistance is at 234.40 and then a major resistance at 235.02.
If you want to join my trading group/managed accounts, pls mail me at kartram.77@gmail.com
Happy Trading!!!
Monday, September 3, 2007
Supports and Resistances for September 4, 2007
Hi All,
Yesterday was a ranging day for the crosses. All the crosses moved within very tight ranges which provided very little opportunity for the swing traders. Only those who are good at scalping, the very few of them, could have had a profitable day yesterday. With a ranging day yesterday, it makes today very interesting as there should be a breakout in either direction today and if it comes, it should be quite strong. With some important news to be realeased today, it should be quite interesting. Lets watch out.Below are the supports and resistances for the JPY crosses for today :-
USDJPY - Important support at 115.85. If that is broken, next support is at 115.60 which is a very strong support and the final major support is at 115.43. On the topside, the resistance is at 116.0 and then at 116.40.
EURJPY - Important support at 157.81. If that is broken, next support is at 157.41 and the final major support is at 156.95. On the topside, the resistance is at 158.10 and then at 158.60.
GBPJPY - Important support at 233.70. If that is broken, next support is at 232.90 and the final major support is at 232.20.On the topside, the resistance is at 234.40 and then a major resistance at 235.02.
If you want to join my trading group/managed accounts, pls mail me at kartram.77@gmail.com
Happy Trading!!!
Yesterday was a ranging day for the crosses. All the crosses moved within very tight ranges which provided very little opportunity for the swing traders. Only those who are good at scalping, the very few of them, could have had a profitable day yesterday. With a ranging day yesterday, it makes today very interesting as there should be a breakout in either direction today and if it comes, it should be quite strong. With some important news to be realeased today, it should be quite interesting. Lets watch out.Below are the supports and resistances for the JPY crosses for today :-
USDJPY - Important support at 115.85. If that is broken, next support is at 115.60 which is a very strong support and the final major support is at 115.43. On the topside, the resistance is at 116.0 and then at 116.40.
EURJPY - Important support at 157.81. If that is broken, next support is at 157.41 and the final major support is at 156.95. On the topside, the resistance is at 158.10 and then at 158.60.
GBPJPY - Important support at 233.70. If that is broken, next support is at 232.90 and the final major support is at 232.20.On the topside, the resistance is at 234.40 and then a major resistance at 235.02.
If you want to join my trading group/managed accounts, pls mail me at kartram.77@gmail.com
Happy Trading!!!
Sunday, September 2, 2007
Supports and Resistances for September 03, 2007
Hi All,
Hope all you guys had a nice weekend. Now the new week brings with it new opportunities. Will it be bullish or bearish? For any good trader, it really should not matter. I feel that it would always be best to close all your open trades before the weekend unless you are a long term trader. This could mean that you might have to close it with a loss but so what? When we dont know what is going to happen next minute how do we know what might happen in 2 days time. So close it over the weekend, enjoy your weekend and adapt yourself to whatever the currency does in the new week rather than sitting and praying and fretting and fuming over the weekend trying to find what way the trend would go in the coming week and praying that it goes in the direction of ur trade. Always follow the market and dont try to predict what the market is going to do. This is much easier.
Below are the supports and resistances for the JPY crosses for today :-
USDJPY - Important support at 115.58. If that is broken, next support is at 115.25 which is a very strong support and the final major support is at 114.84. On the topside, the resistance is at 115.97 and then at 116.40.
EURJPY - Important support at 157.81. If that is broken, next support is at 157.41 and the final major support is at 156.95. On the topside, the resistance is at 158.26 and then at 159.05.
GBPJPY - Important support at 232.81. If that is broken, next support is at 232.06 and the final major support is at 231.20.On the topside, the resistance is at 234.12 and then a major resistance at 235.02.
If you want to join my trading group/managed accounts, pls mail me at kartram.77@gmail.com
Happy Trading!!!
Hope all you guys had a nice weekend. Now the new week brings with it new opportunities. Will it be bullish or bearish? For any good trader, it really should not matter. I feel that it would always be best to close all your open trades before the weekend unless you are a long term trader. This could mean that you might have to close it with a loss but so what? When we dont know what is going to happen next minute how do we know what might happen in 2 days time. So close it over the weekend, enjoy your weekend and adapt yourself to whatever the currency does in the new week rather than sitting and praying and fretting and fuming over the weekend trying to find what way the trend would go in the coming week and praying that it goes in the direction of ur trade. Always follow the market and dont try to predict what the market is going to do. This is much easier.
Below are the supports and resistances for the JPY crosses for today :-
USDJPY - Important support at 115.58. If that is broken, next support is at 115.25 which is a very strong support and the final major support is at 114.84. On the topside, the resistance is at 115.97 and then at 116.40.
EURJPY - Important support at 157.81. If that is broken, next support is at 157.41 and the final major support is at 156.95. On the topside, the resistance is at 158.26 and then at 159.05.
GBPJPY - Important support at 232.81. If that is broken, next support is at 232.06 and the final major support is at 231.20.On the topside, the resistance is at 234.12 and then a major resistance at 235.02.
If you want to join my trading group/managed accounts, pls mail me at kartram.77@gmail.com
Happy Trading!!!
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