TradeTheEasyWay
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Dead cat Bounce or are we ready for another leg up in the markets?
http://ow.ly/e2YGs
http://ow.ly/e2YGs
Its nice to see your thread.. really good
gbpjpy daily chart
I bought gbpjpy last night at 16220, sold at the 12670 ahead of BoE at 12 midday.
If we spike to 16220 again I would buy back, i think this is heading for 130+ but expecting a lot of volatility this month.
Mike
gbpusd has tons of support at 160 but gbpjpy may hold here, all eyes on spain / imf meeting but with US away today, may be a good time to get positioned, - see if gbpjpy can close above 126 in 1 hr charts
Ow.ly - image uploaded by @TradeTheEasyWay (TradeTheEasyWay.com)
Mike
Long gbpjpy at 12550. stop 12525
major weekly support here - tight stop
target 130
mike
G8 meet tomorrow, IMF meet Friday, markets are holding in the bigger picture.
audjpy holding 80, bottom of fib zone
gbpusd / gbpjpy around daily 50 ema
dow drifting back to a long term trend line support 100 under here
I will watch today but look for entries tomorrow - so little data today
Mike
didn't know about meetings --- thanks