Sunday, September 27, 2009

GBP/JPY


Weekly chart of the Geppy (GBP/JPY):
1) downtrend is clear
2) MACD histogram has started to go below the zero line

All this tends to favor a further decline of the British Pound against the Japanese Yen, possibly after a rebound to 150-151.

This currency pair will definitely be on my radar screen in the next two weeks.
Posted by Goldstream Capital at 19:37
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2 comments:

  1. Jolly est RogerThursday, October 01, 2009 9:21:00 AM

    Hello Pierre,

    I appreciate receiving the daily issue.

    I have a question about the Geppy for you :

    Are you still waiting for the 150-151 mark to short it?

    Thanks
    rg

    ReplyDelete
  2. Goldstream CapitalMonday, October 05, 2009 9:18:00 PM

    no, not necessarily. But I would not either take a position now

    ReplyDelete

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