Posted by: Babu Suresh | April 17, 2009


GBPJPY M15–ChartsGBPJPY_M15-170409

I recall, one of the renowned traders compared trading with driving a car. I am sure when he wrote that book, there was no cruise control in the cars.

I don’t wish to give much analysis on Pound at this stage, as it’s beautifully giving opportunity to make 50 to 100 pips a day. However I would peg my supports at 145.84, 144.82 & resistances 148.16, 149.62

USDCHF M15–M5–ChartsUSDCHF-M15-M5-17-04-09

Further weakness of CHF cannot be ruled out. I hope SNB will feel happier to see their efforts are to some extent paying off. 1.200 region is providing strong support.

My Supports: 1.1428, 1.1294 & Resistance: 1.1697

Healthy And Wealthy Weekend

Healthy And Wealthy Trading



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