If you do - don't be afraid, if you are afraid - don't do
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
Auslanco - GBP/JPY and GBP/USD (newstrade) 235,578 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
GBP/USD, GBP/JPY trading, my journey 34 replies
Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies
DislikedI think we all gonna be just fine, let's wait for the brake throught that resistANT LEVEL(224.90) AND wait till da London session, where we get some good retail sales #, and patience will pay itselfIgnored
DislikedI acctually took off my hedges too early....sometimes I get a bad signal of support lvl....so next time I'll be carefull....I'm holding on too brother.....look at your daily channel, it will give you a projection of 231.20
BreezeIgnored
DislikedHey breeze, I have been waiting for this drop to come and started taking my LONGS from 226.49 and adding on every 250 pips or so, I added another long at 223.99, the next one planned is 221.51 with several more waiting a little further down.
I am expecting the lower trend line near 222 to be reached, which is near the low on the Weekly chart dating 3/4/2007 week at 221 area.
I also have LONG's waiting to trigger down in the 219, and 217 area on the low test from August.
Along with these Long's, I have also started GU long buy in along the way, with the big retracement now in progress, I am expecting GU to come down to 1.9750 and maybe even 1.9550 area before making it's move back upward into the 2's.
Let's be patient this week and see what happens while the US is on a Holiday most of next week, just maybe the interest will attract those bottom feeders to start buying in again, and take us back up over 230 in the coming weeks.
Till then, we will all bleed together. LOL
Ken
Weekly Chart
Fibo levels from the High @ 241.36 to the Low @ 221.26
Todays Low reached 223.55
Retrace 38.2 @ 228.94 (complete)
Retrace 50% @ 231.26 (waiting)
Retrace 61.8% @ 233.68 (waiting) - this is also the upper trend line.
lower trend line would put the price near the 221.26 low of the Fib and a test of the low from the week of Nov. 18th, 2007Ignored
DislikedOk......Monarch....lets see if we can pull it through.....theres that 224.90 resistence which is hard to break through.....Damn.
BreezeIgnored
DislikedI was just chatting with Northpro and told him that it would be nice to break the 224.84 on the hourly here, if we can pass 225, then 226 should come quick.
Let it roll on, we will wait it out.
KenIgnored
DislikedBreezelooks as if we'll be stuck here for a few days.....
Breeze
I think Gbp/jpy should have some movement with the GBP retail #s and the US PCEIgnored
DislikedDear Breeze,
Some guys toldme GBP/JPY will end at 150 next year,why carry trade is over?? My first LONG position is 240.6, can I wait it reach240??
Help me
EleIgnored
DislikedDear Breeze,
Some guys toldme GBP/JPY will end at 150 next year,why carry trade is over?? My first LONG position is 240.6, can I wait it reach240??
Help me
EleIgnored