Sunday, 27 February 2011

GBPUSD and EURJPY

I'm going to post a daily charts only.

EURJPY is showing signs of weakness. With a divergence on the MACD, and breakout of long trend on the RSI, I could try some sells targeting around 108,50 ... more sustainable trend. I'm not so sure about this one though.

On GBPUSD it looks kind of better, eventhough there is no so much space between those 2 trendlines. If the price breaks the steeper one, it will be around 1,60 - also a round number and lots of fights have been fought around that number. Breaking of 1,60 I'll be shorting the pound, targeting 1,5750.


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