Here are my latest proprietary GBP/JPY “bounce” levels. These are valid for the entire week, or until reached.

(Last Updated On: March 8, 2012)
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Here are my latest proprietary GBP/JPY “bounce” levels. These are valid for the entire week, or until reached. Any questions, contact me or post a comment.

* This is NOT investment advice. It’s for educational purposes ONLY. Trading may result in a gain OR loss of capital, partially or fully. Trade at your own risk and discretion. *

BOUNCE SHORT:

128.28 (pip potential = 97 pips or more)

128.74 (pip potential = 46 pips or more)

130.59 (pip potential = 97 pips or more)

BOUNCE LONG:

126.16 (pip potential = 120 pips or more)

125.97 (pip potential = 18 to 126 pips or more)

122.86 (pip potential = 158 pips or more)

 

here are the levels I’m looking at right now:

Short: 125.95, 125.091, 121.355. Those are shorter-term, more minor areas of resistance. If those levels are taken out, we could see a big drop, down the 122 level.

Long: 129.975, 132.315, 136.225

I may be looking at a longer timeframe than you as well.

 

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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs