Forex Trading Signals/Analysis for GBP/JPY (Wk Strt 11/05/08)

Posted by Nick 4 Comments

EDIT: Sorry guys email notification of this post did not go out right away.

Hey Guys,

Here is this weeks analysis. I only mention one line in the analysis because like last time we got a large move I want to see what the market does after it opens before I pick my trades. At open the market can do 1 of 3 things:

1. Retrace to last weeks highs
2. Start ranging for a few days or the whole week.
3. Continue with the bearish trend.

Best case scenario it continues moving down, but until I see it pick a direction I cannot give much analysis. Watch the video below, I explain a few things and point out the 1 usable line.Watch out for updates to this analysis.

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

O’Zeeke

Thanks again Nick for all that you do for us.
Randi

Hei Nick.
You are great!
Even I have made pips, hundreds of them the last weeks,
but I have not made much $$$ YET, because my lots are small, very small, 0,01-0,04.
I am a beginner, a real newbie,
so your site and blog forex 4 noobs are like made for me,,, but with your guidense I think that even I will make $$$ soon, hundreds of them, thanks to you,
and thanks to me if I follow your suggestion,
and shows discipline.
Have a great week!
Randi,
Mark

Hey Nick,
Thanks again for all the help! One general question, would the bounce at 203.74 be considered a scalp line, or is it just looking like ranging. Thanks!
Herringtrader

Hello Nick,

Is 201.52 a new scalp line?

Thanks!