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.
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 
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.
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Dolly G10 (Simple with MA-WSS and Open Hours)
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- If you already download dolly, please extract, don’t forget password is makepipsnow.com
- You will see two folder, experts folder and templates folder
- In expert folder you will see indicators folder, please copy paste all file in the indicators folder to :
C:\Program Files\MetaTrader\experts\indicators
- Please copy paste all in the templates folder to :
C:\Program Files\MetaTrader\templates
- Please restart your meta trader, now on chart right click, then you select template and you will see dolly template.
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Discussions this system and download in forum
Forex | makepips | 
February 8, 2010 22:38 | 
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