THE MASTERCHART - SIMPLE, PRAGMATIC AND EFFECTIVE

I thought I should draw attention to the simple, pragmatic and effective characteristics of the Masterchart. What a trade need to is develop the discipline and patience to follow every 1000 pips. If you combine this with following one weekly candle at a time, you can never miss your way. Observe how the weekly charts moved from one Masterchart level to another i.e. 120 to 130; 130 to 140 and now from 140 to 150.

This post is just a reminder in case some still don't get it! See the monthly and weekly charts for GBPJPY as at this morning.

 

MONTHLY OUTLOOK: GBPJPY

THE YEN OUTLOOK FOR APRIL 2013

The Yen pairs having reach their highest price so far in 2013 have been consolidating within a concrete zones ranging between 700-1000 points since February 2013.  These ranges have now been narrowed down to about 500 pip each as follows:

GBPJPY   -  140-145
EURJPY   -  120-125
USDJPY    -  90-95
AUDJPY   - 95-100
NZDJPY   -  75-80

The range could be seen clearly in the Monthly and weekly charts attached.