Review GBP/USD

Trading session in asia, GBP/USD looks strong around 45 pips of the market opening. yesterday GBP / USD tried to penetrate the price level at 1.5530 but unsuccessfull and rebound at range 1.5645.

Chart GBP/USD on M30

The technical if GBP/USD able to touch 1.5665 indications will continue to 1.5710. And me tried buy at price 1.5647

Still Moment Buy GBP/USD

Yesterday I tell to you, GBP/USD will up to 1.5700, and finally able to touch at price 1.5747. Asia session today on GBP/USD moves in a narrow range, when break at a good time for buy again GBP/USD.

• BUY GBP/USD @ 1.5690 TP 1.5730, good SL 100 pip from entry position.
• BUY EUR/USD @ 1.3780 TP 1.3820, good SL 100 pip from entry position.

I hope news support, good luck…

• Status GBP/USD : closed at TP +40
• Status EUR/USD : closed +15 not touch TP

Trade Deficit Swells, Poundsterling Weakened

Pound sterling currency, the pair trading GBP / JPY this afternoon (09-02) observed weakening and this pair range traded at 139.93.

Poundsterling weakened along with the presence of a negative signal to the British economy, where it is shown by the decrease in growth performance in the UK trade balance in the country.

Indicators Trade Balance reported to decrease -7.3B, where previously expected to improve to-6.6B from the previous value of-6.8B. This negative response by investors in forex trading.

Sterling Still Bearish Trend, But Beware of Correction Potential

In currency trading the European session today (08-02), visible through Sterling currency weakening against the U.S. Dollar. Pair GBP / USD when it moves to 1.5568 range.

UK economy actually seemed to improve. BoE (Bank of England) last week has decided to keep interest rates at 0.50% levels and also did not change the program that the asset purchases of £ 200 billion. Several British economic data last week was satisfactory, for example, in the headdress Manufacturing PMI in January 2010 increased to 56.7 from 54.6. But the main drivers today is risk aversion, where the stock market collapse will make the U.S. Dollar continued to prosper.

Sterling has weakened very sharply and has survived in oversold areas within a long time, so the correction potential is high. In technical, GBP / USD is likely to level 1,5800-1,5860 corrected, but correction may take a short and shallow because of the current bearish sentiment is very high.

Buy EUR/JPY & USD/JPY

Still good moment to buy, now I will share signal EUR/JPY & USD/JPY

• BUY EUR/JPY @ 122.30 TP 123.00,
• BUY USD/JPY @ 89.50 TP 89.80

good luck…

• Status EUR/JPY : closed at TP +70
• Status USD/JPY : closed +20 not touch TP

not bad

Review Market EUR/JPY

EUR/JPY at new lowest level, at price 124.58. But now yen Weakened, Global Stocks Little Improved. Yen movement is currently very sensitive to movements in the stock market, especially the Asian zone. Decline in global stock markets, especially Asia zone the last few weeks has made the status of yen as safe-haven currency back sticking out. Wall street stock early this morning through the strengthening and Asian markets this morning a little too strong, it gives support to the weakening yen.

Previously, the BoJ (Bank of Japan) at the end of January 2010 has been declared yesterday that they were ready to intervene if the yen strengthening of the market to move outside the normal limits, where the market through a weakening yen responding. The stronger yen is currently only going to exacerbate the situation. Prime Minister Yukio Hatoyama also have parliamentary approval to start implementing a new stimulus package of 7.2 trillion yen on January 28 and to counter the threat of the strengthening Yen and deflation that still haunt the Japanese economy.

Chart EUR/JPY on M30

The technical EUR/JPY already passed oversell level, my advice for long term buy EUR/JPY.