GBP/JPY Technical Analysis for June 22, 2011


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


By ForexMansion.com

 

The GBP/JPY pair fell for a while on Tuesday, but managed to bounce – forming a hammer. The hammer is also based upon the 130 support level as well, and this is indeed very bullish. The area above does have a lot of sell orders, so expect a choppy, but slightly bullish tone in the upcoming session.

Originally posted here

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20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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