*GBP/JPY technical report classic 06.12

GBP/JPY: Despite the last intense rampant, we continue to keep a broader perspective distributed on the rise for this cross and find the formation of an important base in the long term in the domain 117.00 advance of significant increases in the coming months. From there, look for gains to extend back over 124,00, with a fence above the level to reaffirm optimistic prospects.

:: GBP/JPY technical report classic 06.07

June 7, 2012 05: 27 GMT

GBP/JPY: despite the last intense rampant, we continue to retain a broader perspective distributed on the rise for this cross and find the formation of an important base in the long term in the domain 117.00 advance of significant increases in the coming months. From there, look for gains to extend back over 123.00, with a fence above the level to reaffirm optimistic prospects.

¥ £ GBP/JPY Classical Technical Report 05.23

23 May 2012 06:58 GMT   GBP/JPY: The corrective pullback from the March 133.50 highs continues, and at this point, the close below the 100-Day SMA could open the door for a more significant decline below 125.00 over the coming days. However, with daily studies now looking stretched, we still hold onto a constructive outlook and will look for setbacks to stall out over the coming sessions in anticipation of a major bullish reversal. But back above 128.00 is now required at a minimum to relieve immediate downside pressures. 

GBP/JPY Classical Technical Report 05.18

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By Joel Kruger, Technical Strategist 18 May 2012 06: 25 GMT GBP/JPY: The corrective pullback from the March 133.50 continuous highs, and at this point, the close below the 100 - Day SMA could open the door for a more significant decline below 125.00 over the coming days. However, with daily studies now looking clay, we still hold onto a constructive outlook and will look for setbacks to stall out over the coming sessions in anticipation of a major bullish reversal. Goal back above 11,128.00 is now required at a minimum to relieve immediate downside pressures.

-Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger's distribution list, send an email with subject line "Distribution List" to jskruger@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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18 May 2012 06: 25 GMT

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$- GBP/JPY rapport technique classique 05.15

15 May 2012 05:17 GMT

 GBP/JPY: The corrective pullback from the March 133.50 highs looks to have finally found solid support in the 127.00 area and from here we look for the formation of a medium-term higher low in favor of the next upside extension, eventually back above 133.50. Ultimately, only a weekly close below 127.00 would negate and give reason for concern.

Trading the Dragon: GBPJPY

The pound sterling - pair of currencies Japanese yen is a volatile offering that provides traders with potentially important movements of prices from many other couples. This currency pair is sometimes so volatile that it earned the nickname of "The Dragon", but also another term well-coined: "The widow-maker."
Whatever you call it, it remains the same: GBPJPY can really move.
Consider, for example, the first launches of the financial collapse in 2008. While the EURUSD, at one point, had gone down by ~ 3300 pips, moving from top to bottom on GBPJPY was much greater: at one point given, a loss of more of a 7000 pips spread.

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This volatility may be a good thing, or it can be a very bad thing; Depending on the way in which Exchange you it.
DailyFX Traits of successful traders
Comprehensive research was conducted by DailyFX Quantitative strategist David Rodriguez, review of trades over 12 million placed by traders live FXCM trading platforms. The objective of the research was how traders have been speculating, which was not working and that we, as a group of research and education, could do to help.
The results of the research are shocking and what was found that was mistake number one that FX traders are often revolves around the reports of risk and reward; This is how much is lost on the loss of the trades against how much is used on winning trades.
Research, David said:
"Traders are just more than 50% of the time, but would lose more money to lose trades earning on the winning trades." Traders should use stops and limits to meet a risk/reward 1: 1 ratio or more. »
GBPJPY is an extreme example of this fact.
Our research, we can see that merchants are just an exorbitant sum of 66% of the time on GBPJPY!
Prepared by David Rodriguez for the successful Traits of traders series
But just as David had found in the search, this percentage earning robust will benefits; as traders took far greater losses when they are wrong and that the benefits when they were right:
Prepared by David Rodriguez for the successful Traits of traders series
Traders of earned, on average, 52 pips on GBPJPY trades when they are right. but when they are wrong, they lose a monstrous 122 pips. The graph above, GBPJPY is showing that the lowest ratio of pips WINS pips v/s lost (on average).
This type of risk-reward ratio puts traders in a precarious situation; to be profitable in the long term should be right about 75% of the time (3-4) to expect a net profit.
I know not you, but there are very few things in life that I want if expected to be good in 75% of the time especially anything potentially cost me money when I am wrong.
GBPJPY trading
Exchange a currency pair GBPJPY could be optimal for traders volatility or large displacement; but it should be noted that these movements are always very smooth. This is exactly why the overall profitability was not higher on the pair.
The first item of importance, is that given the points above, GBPJPY trade should always include a stop-loss protection order. Lack of making faces therefore the operator risks, as the pair can trend for a long period of time.
Due to the volatile nature and taking into account the pair could trade with very wide swings in both directions, at the risk of can be an interesting approach commercial GBPJPY. This will allow traders to maximize profits on large pendulum movements when they are right; all to reduce their short losses as large swings are moving against them.
Traders escape strategies are followed by support or resistance; waiting for a breach of the level of prices in the expectation that once the break is made - price will continue in this direction, for maximization of profits in instances when the operator is correct (which is still an another reason stop losses are important, such as extended moves can cost significantly in instances when the operator is incorrect) running.
In the article "Price Action escapes", we watched a mannerism of trade price-breaks without the need for any indicator, with price only to identify the levels of support and resistance.
In the article, "workshops: how to stay away from some losing trades,' Jeremy Wagner introduced another indicator, the price of channels aka Donchian channels, to help monitor price levels which may justify future opportunities of small groups."
For traders to speculate on the currency pairs denominated in yen, Ichimoku may also be a relevant way of analysis. Ichimoku is a popular technical system which was developed at the Japan before the second world war. Its power of staying as a popular to initiate trades continued, as the system is still widely used today.
Ichimoku is often used as a system of trend - following, but with a slight change can be used to trade in the escape-style scenarios.
Much Ichimoku is "The cloud" which is an area of support or resistance plotted on the chart movement. When prices of breakthrough on either side of the cloud, the merchant may often consider trade of eruptions by placing a trade in that direction.

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¥£ GBP/JPY technical report classic 05.01

 

GBP/JPY: The corrective walking senior 133.50 withdrawal appears to have finally found strong support in the region of 127.00 and then we look for the formation of a depression high in the medium term for the other to the extension, then return above 133.50. Ultimately, only a weekly close below 127.00 would be denied and give reason to worry.

£¥ GBP/JPY technical report classic 04.30

 
GBP/JPY: The corrective walking senior 133.50 withdrawal appears to have finally found strong support in the region of 127.00 and then we look for the formation of a depression high in the medium term for the other to the extension, then return above 133.50. Ultimately, only a weekly close below 127.00 would be denied and give reason to worry.

£ GBP/JPY Classical Technical Report 04.27

27 April 2012 07:53 GMT   GBP/JPY: The corrective pullback from the March 133.50 highs looks to have finally found solid support in the 127.00 area and from here we look for the formation of a medium-term higher low in favor of the next upside extension, eventually back above 133.50. Ultimately, only a weekly close below 127.00 would negate and give reason for concern.

£ GBP/JPY rapport technique classique 04.24

GBP/JPY: The corrective walking senior 133.50 withdrawal appears to have finally found strong support in the region of 127.00 and then we look for the formation of a depression high in the medium term for the other to the extension, then return above 133.50. Ultimately, only a weekly close below 127.00 would be denied and give reason to worry.

£ GBP/JPY Classical Technical Report 04.23

23 April 2012 06: 04 GMT



GBP/JPY: the corrective walking senior 133.50 withdrawal appears to have finally found strong support in the region of 127.00 and then we look for the formation of a depression high in the medium term for the other to the extension, then return above 133.50. Ultimately, only a weekly close below 127.00 would be denied and give reason to worry.

$ GBP/JPY rapport technique classique 04.19

19 April 2012 06: 17 GMT
 
GBP/JPY: The corrective pullback from the March 133.50 highs looks to have finally found solid support in the 127.00 area and from here we look for the formation of a medium-term higher low in favor of the next upside extension, eventually back above 133.50. Ultimately, only a weekly close below 127.00 would negate and give reason for concern.

GBP/JPY Classical Technical Report 04.18

18 April 2012 06:12 GMT
 
GBP/JPY: The corrective pullback from the March 133.50 highs looks to have finally found solid support in the 127.00 area and from here we look for the formation of a medium-term higher low in favor of the next upside extension, eventually back above 133.50. Ultimately, only a weekly close below 127.00 would negate and give reason for concern.

~ GBP/JPY technical report classic 04.06

GBP/JPY: the market is finally in the process of correction after the last wave of maximum charge of 2012 by 133.50. From there, we see the weakness of the further risk to 125.00, but ultimately any setback additional area must be well supported for the resumption of the newly formed upward trend. We support the cross carved a significant cyclic background and long-term here are force. Only back under 122.00 would delay outlook and give reason to worry.
-Written by Joel Kruger, technical currency strategist To contact Joel Kruger, E-mail jskruger@dailyfx.com. Follow me on Twitter @ JoelKruger
To be added to the list of distribution of Joel Kruger, send an email with the subject "Distribution list" line to jskruger@dailyfx.com
DailyFX provides news forex and technical analysis on trends affecting the global currency.
Learn forex trading with a free practice account and FXCM maps.
April 6, 2012 05: 45 GM

GBP/JPY Classical Technical Report 04.05

Technical Strategist 05 April 2012 05:25 GMT 

GBP/JPY: The cross continues to show evidence of the formation of a meaningful base, with the latest topside acceleration blowing through a good deal of significant resistance levels in the form of the 200-Day SMA and critical multi-day highs from October 2011 at 127.35. Still, while we do see the market in the process of carving meaningful longer-term base, daily studies are unwinding from stretched levels and we look for the market to start to pull back over the coming days before a fresh upside extension. There is some good resistance above 133.00 which could ultimately cap for now. Look for setbacks to be well supported above the 100-Day SMA.