GBPJPY channel update 2 24 Jan

GBPJPY 1H channel still hitting resistance 146 Level as expected.

GBPJPY Channels 24 Jan

So quickly some channels building up gbpjpy:

1H chart Upside channel

4H chart downside channel currently !

I really enjoy trend lines and channels.

Update: 14h GMT 4H channel is UPSIDE now ! Waiting for 146 test.

EurJPY Daily 24 January: Sitting on the edge of the cliff

Eurjpy is testing 127 key support and preparing deeper fall.

EurJpy is targetting 126 and may go deeper once USDJPY 89. I'm currently bearish on this pair but avoiding to trade Euro pairs.

GBPJPY Daily 24 January

As you can see the beast $gbpjpy broke below key level 1.46 and now target is 140 wich served before as solid support when Yen was playing arround 85 on USDJPY. 140 is also 50% Fib retracement from last dip.

 Patience pays with this pair. I'm bearish best scenario would be cable cracking below 1.60 this would help.

GBPUSD Daily view 24 Jan 2010

First post would be about Lady cable/ $gbpUSD.

Cable on daily chart show on uprising channel ( Click to see larger Image).

Key levels 1.62 / 1.64. Breach of current channel would resume more downside.

Would enter short below 1.60 for 1.59 but as long this channel survice I remain bullish on cable with target above 1.70. May be I should ask some Elloit specialist for Wave count that seem intersting here ( I'm still a rockie in EW and will wait before showing any count ;-) ).

On Hourly we had some consolidation in Friday afternoon session and don't look good, Risk Aversion and the last bad news and SOME weak numbers are not helping.