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1

GBP/JPY at an interesting position

Keep an eye out for GBP/JPY. If you look at the daily chart, there is an "Head and Shoulders" pattern. notice the support line at 221. If it breakes it there is another one at 219.50, and then... a long way down. If the pair will fail to break the 221 it can bounce back to the 240 levels. I think

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GBP/USD heading to 1.96?

In this monthly chart you can see that the GBP reached the all time high a few weeks ago and then regressed back down a little. It looks like it is time for reversal. Notice the Fibonacci retracements . The 38.2 level is at around 1.96 which is also the resistance line at 2004-05. Notice that the

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Israeli Sheqel booming!!

If Anyone is looking to invest in a great currency check out the Israeli sheqel. At Dec 2005 the USD/ILS was around 4.7000 and today it's under 4.0000 . That's about 15% in 18 months!!! The Israeli stock market is at an all time record because of extensive foreign investments (Warren Buffet invested

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Gbp/usd???

What do you think is going to happen with the GBP/USD? Is it going to break 2.0000 once again? If yes, what's the next resistance line? Thanks

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Check this out!!!

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