Author: Ryan Best

A new month brings a new currency pair. This time its the GBPJPY. I didn’t do a lot of posts last month but this pair can be a real cooker, so let’s get started. With the barn burner of a week that… Great week...

The targets from the last post have both been hit and I am now long this pair looking for 1.6000 to print. Current price action is finding resistance around the 1.5950/65 area and I may drop the… Great week of trading...

The lower target didn’t quite print. Hopefully if you were in that trade you were on top of it enough to get out at break even. Never let a trade that goes that far in your favor come back to… Great week of trading...

The break was pretty sudden and violent after maintaining a pretty tight range for better than 48 hours. The good thing about the break though is that is has helped finally set up two possible… Great week of trading...

As expected, the pair took on the top line overnight. I traded the GBPUSD and got out at 1.5050 this morning before the choppiness set in. I’ll be honest, I missed the fact yesterday that the top… Great week of...

Three days of steady progress to the bottom side for the pair creates the likelihood that a bounce will be seen. Initially the bounce will only be to about 1.6050, the center line and tomorrows pivot… Great week of...

I got so mad when I read that Papandreou likened naked swaps to buying insurance on your neighbor’s house, because you then have an interest in seeing it burn down. I see it completely different. I… Great week of...

The daily chart is showing that the pair is clearly still consolidating the move lower that happened in the final weeks of February. The Magnet Line was hit on Monday and the hourly chart below is… Great week of trading...

If you were looking for continued GBP strength from last Friday’s move, you were sorely disappointed. In Friday’s post, I told you to expect this very move. The move went deeper than anticipated but… Great...

The move back toward 1.6250 mentioned in yesterday’s post is complete. Now the challenge begins. I would love to see a close above that point for more confidence in a long position. GBPUSD has failed… Great week of...