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GBP/JPY Weekly Analysis (Wk Strt September/19/2010)

Posted by Nick 2

He Guys,

Here is the weekly analysis this week. Not much is happening so I didn’t bother doing a video. The price is stuck in a no-trade zone shown by the orange lines at the 133.20 and 134.62 levels. This is a huge no-trade zone but the price definitely becomes unpredictable when it is in this area so I stay out of the market. So right now I am not trading GBP/JPY but there are a few lines I am looking at outside of the no-trade zone.

  • trey

    Hey Nick, I was wondering why you were not trading the break of 133.00? Is the price interaction with that level not dramatic enough for you? Thanks

  • shaun

    thanks nick, glad to see you back to analysis.