Seeking Alpha

Chris Capre's  Instablog

Chris Capre
Send Message
Chris Capre is a professional forex, index futures and commodities trader, specializing in Price Action & Ichimoku trading. Chris applies his methods to the markets both intraday and medium term swing trading, and has been trading for over 13 years. He is also the manager for a private fund... More
My company:
2ndSkiesForex
My blog:
2ndSkiesForex
My book:
Trading Price Action and Pivot Points
  • GBPJPY Attempting A Major Breakout | Dec. 5th 0 comments
    Dec 5, 2012 9:59 PM

    GBPJPY
    Since late November, the GBPJPY has been working hard to clear the air just under 133. This level formed a triple top about a year ago and is the 12mos highs for the pair. The current price action is showing the 3 signs of a likely breakout.

    If the bears think this level will fail, then they clearly have their line in the sand and can look for an intraday price action signal to short. But if the bulls feel more upside will be found, then look for a breakout retest setup above 133.

    (click to enlarge)

    Upcoming Economic Announcements:

    CHF Unemployment Rate s.a.01.45EST
    CHF Consumer Price Index (YoY)03.15EST
    GBP Visible Trade Balance (Pounds)04.30EST
    EUR Euro-zone Gross Domestic Product s.a. (YoY)05.00EST
    GBP Bank of England Rate Decision07.00EST
    EUR European Central Bank Rate Decision07.45EST
    USD Initial Jobless Claims08.30EST
    CAD Bank of Canada Releases Financial System Review10.30EST
    AUD AiG Performance of Construction Index17.30EST
Back To Chris Capre's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.