$GBPJPY potential reaction zone 20 Feb 2013

So, big sell off of GBP. There are loads of retracement levels for GBP crosses. I am taking GBPJPY to show potential reaction zone.

M30 – Around 143.90 zone. A retest of previous support turned resistance, with confluence of supply line, and the base of sell off. This zone should provide some reactions.

M30

M30

M5- Detailed look into price action. Expect compression or pattern such as triple tap into reaction zone.

M5

M5

$AUDUSD 20 September 2012

Here is the 4-hour chart of AUDUSD. Just like last week, everybody was watching/talking about the daily pin bar, now we are presented with a obvious Head and Shoulder formation� in H4 chart.� I like the fact that 1.04 support is now broken, I am looking at further downside.

Here is the …. CHART.

AUDUSD H4 Pontential Head and shoulder formation

$NZDJPY 20 September 2012

Here is the $NZDJPY daily chart after NY session close yesterday. Very nice reaction at 65.50 ish zone. The major roadblock is seen at 64.30 ish zone now. It is a strong support zone formed by previous highs.

Here is the…..CHART!

$NZDJPY Daily

$NZDJPY 13 September 2012

NZDJPY looks interesting to me. A potential short. Just be aware high impact events (FOMC statement) later today.

$NZDJPY H4

$EURSGD 12 September 2012

A late post. I was watching  potential Long setup of of EURSGD at the retest of previous resistance zone. Initial target is to test 1.59, and next is 1.6. Let’s see how it goes.

Here is the ….. CHART!

$EURSGD H4

$EURJPY 07 September 2012

$EURJPY had a nice break out from the range yesterday. A potential entry area will be around 99 if you are trading pullback. Just be aware, in daily time frame, 200 moving average and potential resistance zone are sitting around 101.

Here is the CHART!

$EURJPY H4

Have a good weekend!