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Gbpjpy pending breakout? 

 May 8, 2014

By  Rayner

gjweekly

gj

Gbpjpy has been in a steady uptrend.

Right now it’s flirting at resistance level and itching to break higher.

Would drill down into the lower timeframe and look for long opportunities.

cadchf

Cadchf is at a key area. Watching how the candle closes before taking a short here.

  • Hi Rayner
    Thanks for your constant analysis. Could I check how would you recommend for the silver trade?
    Thanks

    • If you ask me, there’s opportunity to get long on the 4hour chart around 19.00.

      You could wait for a bullish reversal pattern at that area.

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