yaaaaaaaawnn, when do we see a break here.
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
Money & Pain
Respect the market, protect your capital, be patient
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
Please code "Parabol trendline" or "Curve trendline" for me 0 replies
Trendline, Trendline and Trendline 4 replies
Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies
Dislikedpatience pays.
Most speculation is Wave 4 will complete at 211-214 area, that would mean the triangle breaks UPward, what do you think?Ignored
DislikedDespite the poor UK housing data earlier this morning, cable has rallied strongly and is leading GJ up.
So far UJ has failed to break above its resistance in the 105 area, BUT IF the NFP is bullish, then we can expect UJ to break out to the upside and take GJ up with it, even to break GJs 209 resistance.
A negative NFP and we could see UJ testing the lower side of its wedge and green rising gann line - that would drop GJ several hundred pips.
Time Will TellIgnored
DislikedGreetings all! Great thread so far. Just found it while looking for a hideout from all the trade hunters on the aus thread.
I'd usually rather listen and learn than yap away, but I've just updated a daily and weekly chart in progress since early April for UJ that I'm hoping may help to "track the beast" next week. The daily looks one way (a bit bullish), but the weekly is giving me a very bearish pause for both pairs.
Things seem just a bit clearer to me on that pair right now, and I'm pondering how much and if the current resistance levels that UJ is at will drag on GJ or no. Unless GJ just tears off and pulls everything with it of course. Thoughts?
For a longer term overview, can also check out http://i25.tinypic.com/33p3s4m.pngIgnored
DislikedNice work - its good to see some else looking at GJ's pairs to help analyse GJ's action.
My daily chart shows Friday as a green candle, with a higher close, rather than the red candle on your chart.Ignored
Disliked...current position on GY is pictured on the chart, sidelined until I see it get loose of that pivot, one way or the other. So... Patiently waiting.Ignored
DislikedThis is what I'm seeing (http://financialworldmarketsmart.blogspot.com/)Ignored