GBPJPY : News impact (Result)

8:20 PM GMT +8
Please refer the picture for news analysis result...

The actual result exactly same as forecast .... the GBP streghthen by 0.4%

GBPJPY : Signal Result

9:30 AM GMT +8

Yesterday's 'floor' signal result : Price achieved new high 206.11 greater then the previous high 206.03.

The series of candle formation at H1 and H4 keep trying to break the 'ceiling' 206.11

But, if price unable to break the 'ceiling' and then BEAR candle break 205.57, the system expect that the price going to find new low price (violet floor)...

Economic Calendar

Date/Time : April, 25 2008 4:30 AM GMT (12:30 PM GMT +8)
Currency : GBP
Impact : High Impact Expected - GDP q/q (p)
Previous : 0.6 %
Forecast : 0.4 %
Actual : 0.4% <<-- Result : GBP Strenghthen

Details :
Gross Domestic Product (GDP) measures the total value of all goods and services produced by the economy. A rising trend has a positive effect on the nation's currency. GDP is the broadest measure of activity and the primary gauge of the economy's health. To foreign investors, a strong economy is viewed favorably because it spurs investment opportunities in the domestic stock and bond markets. More importantly, the central bank is more likely to raise interest rates in the face of a strong and growing economy. The combination of these effects can have a large impact on the demand for the nation's currency.

GBPJPY : Looking for new high ???

8:48 PM GMT +8

H4 : The overall pattern shows Down Trend and the market current state was correction phase and waiting for truly breakout for BEARISH continuation....

However, the system generate 'violet floor' and i'm afraid if the price tend to make new high above 205.50 or above 206.03, before continue BEARISH on major trend. The last ripple unable to broke the 'violet floor' at 204.10. That support level considered strong.

Today i learnt something from series of candlestick pattern (two gray ellipses on the above chart) on how to determine the sideways market. This could be enhancement for BlueDream System.

GBPJPY : Preferred to wait for support Level breakout

1:55 PM GMT +8

At the moment I don't have much time. Please refer the picture for my analysis

Economic Calendar

Date/Time : April, 24 2008 4:30 AM GMT (12:30 PM GMT +8)
Currency : GBP
Impact : High Impact Expected - Retail Sales m/m
Previous : 1.0 %
Forecast : -0.3 %

Date/Time : April, 24 2008 6:00 AM GMT (2:00 PM GMT +8)
Currency : GBP
Impact : Medium Impact Expected - CBI Industrial Trends Orders
Previous : 7
Forecast : 4

Date/Time : April, 24 2008 7:50 AM GMT (3:50 PM GMT +8)
Currency : JPY
Impact : Medium Impact Expected - Core CPI y/y
Previous : 1.0 %
Forecast : 1.2 %

Date/Time : April, 24 2008 7:50 AM GMT (3:50 PM GMT +8)
Currency : JPY
Impact : Low Impact Expected - Core Tokyo y/y
Previous : 0.6 %
Forecast : 0.5 %

GBPJPY : Update

12:30 AM GMT

H4 : Chart formed double top and waiting BEAR candle to break key point 203.34 to confirm bearish continuation.

M5-M30 : Price play around Hi = 205.46 and Lo = 204.11

GBPJPY : 'Milestone'

11:21 AM GMT +8

Yesterday's analysis on long term and short term target not yet broken and still valid... and now we get new additional scenario. We can take it as a 'milestone' to verify where the market price
should go next.

Price play around Hi = 206.09 and low = 204.95.

Regarding to the system, the 'Ceiling' at 206.09, violet in color will valid if the bear candle break the neckline at low = 204.95. This would be the confirmation for BEARISH and the system will looking for 'violet floor'....

How ever if some how BULL candle break Hi = 206.09.... the 'ceiling' fail and the system will then find the new 'ceiling' signal.

GBPJPY : Probabilities Trading Style Vs BlueDream System

9:11 PM GMT +8


The price finally reached 203.34. This level considered strong support.

If i follow the signal generated by BlueDream system...
The price will Up for a while around Low 203.34 and High 208.10.
The price won't able to break the highest peak 208.97.
The price at least must break 203.34 during BEARISH continuation to complete the Down Trend.

But then if i come back to the 'PROBABILITIES TRADING STYLE'.... i will assume that everything is possible where some occurance considered high probable while the other occurance considered low probable.
Area between 208.10 and 208.97 would be BUY zone...
Area between 204.82 and 203.34 would be SELL zone...
Major resistance 208.97 would be the critical point for BULLISH
Support level 203.34 would be confirmation level for BEARISH to find the lowest price.

GBPJPY : Brief Analysis

9:44 AM GMT +8


H4 : Regarding to the HI LO analysis by using BlueDream method... market not yet reach the lowest price and will continue Down Trend...

M5 - H1 : No sign for reversal

GBPJPY : Update

12:25 AM GMT +8
The result of the analysis was the price broke low 206.68 and made new lowest at 204.28, 240 pips from breakout.

The current CS at H4 shows strong BEARISH and yet no significant sign for reversal.

The series of candles at M5 most likely correction wave waiting for BEARISH continuation. SELLER get more control in the market and LONG position is not suggested at the moment.

GBPJPY : 2 CLUES

2:33 PM GMT +8

Last friday, my conclusion on price action was "the early sign of BEARISH or DOWN TREND, but not yet confirm".

At the moment... as we can see price still play around high 208.97 and low 206.68.

The current condition of series candle for all timeframes could mean correction phase to continue BULL. Otherwise price waiting for breakout to perform Down Trend.

There are 2 clues left...

Bull candle break 208.97 to continue BULLISH

Bear candle break 206.68 to confirm BEARISH to find the lowest price

GBPJPY : Review

8:56 PM GMT+8

H4 : Long upper shadow for BULL candle + long body with short lower shadow of BEAR candle + last three candle formed fractal up (BEARISH) indicates the strong BEARISH before platform closed for trade last friday....
The area 207.96 and 208.97 considered strong resistance

M5 - H1 : The series of candle performed BEARISH... how ever it still not fulfilled the rule to enter SHORT position in BLUEDREAM SYSTEM...

So... I only can say that it was the eary sign for bearish... but it still unpredictable. The 208.97 became the critical point for BULLISH continuation....