28 July 2008

Reported at 1000hrs
GY
It seemed to be well supported at 214, above EMA21/EMA200 at 213/ 212. But it also seemed to be well contained and resisted at 215.

My prediction is that it will moved towards EMA21 for a breather as part of the B-wave retracement before rebouncing off above 215.

Should it go above, give it a go at 216, beofre 217.

GU
The squeeze of 3 EMAs - 200, 100 and 55 showed a good support for GU to sustain. That gives a range from 1.9800 to 1,9870. EMA21 further support the price at 1.990.

Should Gu moved higher, above 2.000, aim the price at 2.0100.

25 Jul 2008

Reported at 0830hrs SGT

GY

It did not managed to sail towards 217, but did a very big retracement - that gives a good buying opportunities.

As predicted, support was first hit at 214, it will gain a further support today at 212.5 (EMA21), then 211.7 (EMA200)

Looking at wave theory, that will be the formation of the B-wave, and should support anchored at EMA200, be prepared next week for a good C-wave up.

Resistance is at 214, then 215.7

GU

Though on its way down, but WMA5 still above EMA21 and EMA200. Give it at 1.9800 a good support (EMA55/EMA100) and should WMA5 cnot fall before EMA100, GU will rebound.

Support is at 1.9700(JUl 7 and Jul8 low).

Resistance is at 1.9965, then 2.0035

24 Jul 2008

Reported at 0700hrs SGT

GJ

Finally, the support has shifted to 214. Using a Fib Retracement from peak of 26 Jun to 16 Jul, you will get a resistance at 217.5. Make a division, (217.5+214)/2 you will get 215.75. And that is around the peak of yesterday or the half way mark to 217.5

GJ may or may not test 217.5 today, but at least it will try to break 217, therefore I will set 216.9 as a mark.

Support is obvious at 214.1 then at 212.5, before going to EMA200 at 211.9

GU

It is consolidating now. Looking at the daily chart and with all the EMAs squeezings, it may not be soon for a breakout.

Support is at 1.990 for break south, going to 1.980, then 1.970.

Resistance is at 2.004, then to 2.01, then 2.016.

23 Jul 2008

Reported at 0700hrs SGT

GJ

It managed to keep within trading range as predicted.

Well supported at 212.8, but keep shy of 214.

CCI looked a bit weak and showed weakness in momentum to punch through 214 again.

Support is at 212(EMA21) then 210.6 (EMA55)

GU

It was strongly moving up and above 2.000. when it fell back to 1.990

GU should be well supported at 1.990 (EMA21) then 1.984(EMA200, EMA100, EMA55).

Potential it may continue its way up to 2.004, then to 2.01

Looking at the hour chart shows the resistance at 1.9980.

22 Jul 2008

Reported at 0900hrs SGT
GJ
Again the strong resistance at 214 and the support at EMA200/ EMA21 at 212, prevented GJ and caused it to trade within the band.

Breaking down into smaller refinement using 1 hour chart, resistance is at 213.8 and support is at 212.5

Should GJ break 214, set 217 will be the next target, while breaking sout gives 210.5

GU
It attempted 2.0000 again and this time price managed a punched through, and that include EMA21 (daily) punching through EMA200. This means a good support at 2.0000 or at least EMA21 at 1.9900.

Resistance is set at 2.0080, then 2.0160, while support is at 1.9850 (EMA200) then 1.9800 (EM100)

21 Jul 2008

Reported at 0830hrs SGT
GJ
It went above EMA200, with WMA strongly above it. As such if EMA200 at 211.8 can continue to support GJ, it will climb further high above 214.

First support at212.4 (peaks) then EMA200 at 211.8
Resistance is 214, before the next level at 217(peak Jan 2008). Give a half way mark and you can use 215.5 or 216.

GU
Consolidate after a run up 2.015.
Support is at 1.990 (EMA21), then 1.9840 (around EMA200)

Resistance is at 2.0040 (Fib retracement), then 2.016

17 Jul 2008

Reported at 1330hrs SGT
GJ
Tested support at 209 (EMA100) and rebound. WMA5 is still above EMA55 and may rebound to EMA21 at 211.

Support is at 209 (EMA100) and at 206.9 (Fib Retracement - Peak 26 Jun, Low 9 May)



GU
EMA21 showed sign of trending up, with it hovering above EMA200 (daily chart).

Resistance is at peak 15 Jul at 2.0150 and support is at 1.9940 (EMA200 1 hour) then 1.9875 (EMA200 daily)

16 July 2008

Reported at 0700hrs SGT

GY

It punched through support for yesterday at 209.9 (EMA55) and went further to 209 (EMA100) before rebounding back to 210.The Yen look strong against the major currencies and the trend down may slow down given yesterday big drop.

Resistance is at 211.2 (EMA21), then 211.6(EMA200). Support is at 209(EMA100), then 207.8(Fib Retracement Peak26 Jun, Low 3 Jun). It may test 209 again, before ranging within 210 and 209.

GU

Fantastic move - within 2 hours climb 140 pips. USD somewhat strengthen during US opening hours (partly due to poor performance from DOW).

Support is at 2.0015 (EMA21 Hour ), then 1.9860 (EMA55 Hour).
A bit difficult to say how high can it go now, but I will give it at 2.0400 (Peak of 14 Mar). But first it must regain yesterday high at 2.0200.

15 Jul 2008

Reported at 0800hrs SGT
GY

CCI looked good for a reversal, but beware of the resistance at 214. GY may continue to mive side, ranging from 210.8 and 211.2

Support is at EMA200 and EMA21, which now has close up with each other (a sign of breakout soon). The next support is at EMA55 at 209.9

GU

It made another attempt at 2.000, CCI show the momentum to do so, provided it don't go into a overbought position soon.

Support at 1.9850 *Hour chart)

14 Jul 2008

Reported at 0730hrs SGT

GY

The squeeze. Looking at the CCI, the downtrend continue showing that any impending breakout north may not be soon. However, as the EMA55 and EMA100 began to narrow towards EMA200, it may bring lead the reverse direction.

Support is at 209.9, which it try to test on Friday, but rebounded. Resistance again is at 212.4

GU

Looking at the daily chart, WMA5 has just penetrated EMA200 and should it maintained above EMA200, it will attempt to reach 2.0000.

Lower support is at 1.9775 and 1.9700

11 July 2008

Reported at 0730hrs SGT
Looking at all the JPY.
USD/JPY, GBP/JPY, EUR/JPY and AUD/JPY

They seemed to have met some form of resistance. Therefore be prepared for a breakout. My suggestion is to watch them all in concurrent and any first sign of breakout in any of the above pair first, follow the rest in the same direction. A breakout is defined as a big fat candle occurance in a period of time, say 1 hour.

For GY, the breakout is at 214 and 209.5 You may want to catch some during the intermediate.

For GU, it may attempt 2.000 again. Support at 1.9650 and resistance at 1.9850

8 Jul 2008

For those who has been following this blog, sorry I have not done so, because lately I am focusing on developing a auto trade system.

Reported at 1000hrs SGT
GY
Again the price was sandwished between EMA200 and EMA21. It attempt to climb high to 212.4, but fall back to 210.8.

These price will form the price for breakout should it happen, if not you can expect another day of side movement.

On the up side resistance is at 214 (peak) and on the down side, support is at 210(EMA55)

1 July 2008

Reported at 0800hrs SGT

GY

The suggestion is a down trend, but EMA200 and EMA21 in combination may cause a rebound. Looking at the daily chart and the WMA5, ithe WMA5 may be resisted by either EMAs.

Support is at 210(Fib Retracement), then 209 (EMA55), while resistance is at 212.5-213 (refer to 1 hour chart.

GU

Look as if it is going down for a consolidation. Support at EMA200 at 1.9847.

Resistance is at 1.9966 (yesterday peak) and 2.0000 (phsychological price).

Looking at the 1 hour chart, ig GU can rebound off EMA100 at 1.9910, it may attempt to reach 2.0000

UJ

This pair seem to be sandwich between EMA100 and EMA200 from the daily chart, 105.4 and 106.6 respectively. The 1 hour chart also show a sandwich between the low of yesterday and EMA200 at 105.2 and 106.7 respectively