GBP/JPY Weekly Analysis (Wk Strt Nov/03/08)

Posted by Nick 15 Comments

Hey Guys,

Looks like the market calmed down a little last week so here is the weekly analysis again.

Keep in mind that Japan wants the JPY to devalue as a high Yen is bad for exports. Last week we saw some Japanese central bank intervention and I wouldn’t be surprised to see the same this week. So we could be seeing some more bullish moves on G/Y in the coming days.

Watch the video below to see this weeks analysis:

:ebook:

(sorry this video was accidentally deleted)

Tags: forex, forex analysis, forex profit, forex trading, forex trading education, free forex education, free forex signals, gbp/jpy, strt, trade update, weekly analysis

Christian K

Thanks for the analysis Nick.
ashfaq

thanks nick
http://forex.cafeluta.ro Marian

Thanks, Nick! Finally getting the hang of your method! I almost saw the same scalp lines as you (just that I saw 165.08 instead of 165.10, so I’m not too accurate yet).

Thank you a lot for trying to help us noobs!
NickB

@Marian: 2 pips? that doesn’t matter at all, even if its 5 pips off…
niranam

Thanks Nick.
O’Zeeke

Thanks again for the analysis Nick, I appreciate all your help
Casper

Thanks, Nick. I’m a newby to Forex and read your ebook – I admit that I’m a bit lost, but I’ll persist untill I get the hang of it. This post already helped to get a bit more clarity…
Thanks again.
John Umoru

I just got through your analysis Nick and, many thanks for the great job you are doing for us
Mike K

Hi Nick:

I just joined your group, so was very excited to see the first video analysis. Having read your e-book, the presentation was really helpful. Thanks!
Christian K

Hi Nick,

I took the scalp trade at 155.48, lots of momentum pushing this one down when it finally broke the line. It went past the 155.00 line with no problem and i got out with 70 pips.

Cheers
CVcamper

I too took the scalp line trade break! Made 70 pips as well, mine was automatic buy and sell.. I stuck my buy-stop right about the next S+R line… came out perfect.
Casper

I missed it – I was asleep when all this happened! I didn’t want to go all automatic in case there was no momentum behind the movement. Would 15374 be the next scalp line or should the next target be 15328?
speedtrip

camper … how long have you been using auto buy and sell … does it work well?
rod37

Hey, Nick,
Luckily I discovered your website. Explanation of candles best I’ve ever seen, simple but highly effective and also you ebook: first rate!
Thanks a lot.
Rod37
http://elationcomms.com momoh umoru

WOULD WANT A LINK WITH MY BROTHER IN ITALY, JOHN UMORU,,, THANK YOU NICK