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GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
Geppy - Pick the bottom 18 replies
Lets Talk GBP/JPY "the geppy" 156 replies
geppy is "ugly" when ? 14 replies
Geppy outlook 0 replies
DislikedWell, so far so good... however, it's far too early to determine if it is an excellent trade yet. I won't know until sometime next week.
I'm no longer in front of my charts, but I'd be curious to see the fib retracement levels (on a 4h chart) of this most recent move down. Anyone wanna post that for me?Ignored
DislikedMy take is a bit different:
G7 and G20 have fundamentally impacted the trend - this week. For the G7, it had a positive impact in terms of going long when there was no critisicm of the BoJ's monetary policy. When it was rumored that there might be, we saw the pull-back. When there wasn't it resumed.
Fastforward to the G20. On the rumor that the BoJ was going to be the target of negative criticism, prices fell. This was seen in the Yen on all pairs.
When an early press release was given stating to the contrary, we see today's spike in...Ignored
DislikedI agree that "nothing has changed", but all trends need pullbacks and consolidation. The truth is, we really haven't seen a healthy one.
My point is, even with support for devaluing the Yen this week, we weren't able to rally to new highs. That's a huge red flag in my mind.
Time will tell, and that time should come next week
I appreciate the post and point of view!Ignored
DislikedActually, the understanding and reason for the decline this week was due to the understanding that G7 and the G20 were going to come out critically regarding the Yen's weakness. During these times the pull backs have corresponded.
When the contrary happened, the large rebound north happened.
Ignored
DislikedActually, the understanding and reason for the decline this week was due to the understanding that G7 and the G20 were going to come out critically regarding the Yen's weakness. During these times the pull backs have corresponded.
When the contrary happened, the large rebound north happened.
Ignored
DislikedSeeing as 80% of all trades involve the USD I have been looking at the USDJPY for some clarity.
The Monthly, Weekly and Daily charts show absolutely no signs of any kind of bearish divergence and after what happened this morning a buy signal popped up on my 4H charts around 9AM.
I don't see anything bearish here, I guess we will see next week.
I am long GBPJPY at 144.87Ignored
DislikedAlso interesting if you guys haven't seen this: http://www.forexlive.com/blog/2013/0...ous-feb-sales/Ignored
DislikedJPY surges when stock markets crash, no need to look any further than the financial crisis of 2008.
I think shorting AUDJPY is probably one of the best bets during a panic.
But, JPY benefits across the board whenever there is panic in the air.Ignored
DislikedJPY surges when stock markets crash, no need to look any further than the financial crisis of 2008.
I think shorting AUDJPY is probably one of the best bets during a panic.
But, JPY benefits across the board whenever there is panic in the air.Ignored