GBP/JPY Weekly Analysis (Wk Strt Aug/09/09)

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Hi Guys,

Sorry the analysis is a lil late but like I said in my last post I sprained my wrist so I am trying to stay away from my computer as much as possible.

Since everybody took two trades last week that should not really have been taken because of news from now on I will adding news reports to steer clear of to the analysis.

News to Avoid This Week

Monday, Tuesday, Thursday, Friday
– All clear to trade

Wednesday

– 8:30 am GMT  Claimant Count Change = Be cautious
– 9:30 am GMT BOE Gov King Speaks = Don’t trade (30 min before or after)
– 9:30am GMT BOE Inflation Report = Don’t trade (30 min before or after)

NOTE: People with hearing impairments have asked me to do text analysis as opposed to video analysis. I cannot do this as video analysis is much easier for me. However, I have added text callouts to the video itself. So if you let the video run when I am talking about where I will go long or short a speech bubble will appear with all the information needed written in text.

Ok guys here is this weeks analysis: