Ichimoku Analysis – EUR/JPY – 5/2/2010
Ich1moku Analysis on EUR/JPY
5m: Bearish – Tenkan nearly cross Kijun, but price is far awat from tenkan. Waiting for them to cross and price normalize.
15m: Bearish – Price already breakout Kumo and close below it.
30m: Bearish – Tenkan still not cross Kijun but other rules is done.
1h: Bearish – Price already cross Tenkan. Short term bottom already in place, but right now price is crossing back tenkan and waiting to close below it
4h: Bearish – Tenkan and Kijun cross again. All rules done!
Daily: Strong Bearish
Weekly: Strong Bearish
Action: Waiting for tenkan and kijun to cross and price normalize. BUT, I already sell EUR/JPY hehehe
p/s: sorry for technical error.. this analysis is for EUR/JPY not GBP/JPY
Ichimoku Analysis – GBP/USD – 5/2/2010
Ichimoku Analysis on GBP/USD
5m: Bearish – Price retrace and try to retest Kijun after Tenkan has cross Kijun earlier.Wait to enter short after price fail to retest Kijun.
15m: Bearish
30m: Bearish – Price retrace and try to retest Tenkan.
1h: Strong Bearish
4h: Strong Bearish
Daily: Strong Bearish
Weekly: Medium Bearish. Price try to break Kumo (cloud)
Action: Wait to enter short after price fail to retest Kijun on 5m chart