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Auslanco - GBP/JPY and GBP/USD (newstrade) 235,578 replies

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GBP/JPY

Quoting FXSayWhat
GBPJPY is approaching its all time high at 175.00 strong, but the bearish divergence might say otherwise. It will probably take weeks to find out if the 175.00 will hold or not. {image}
All time high or highs of the current range is a huge difference.
Fix up, trade sharp ...
Quoting Hickson
{quote} All time high or highs of the current range is a huge difference.
Hickson,
You are right, i mean to say high since 2009. Good catch.
Underspeak, overdeliver.
1kSunny 千日阳光 Return This Month: 1,037.6%
Quoting FXSayWhat
GBPJPY is approaching its high at 175.00 since 2009, but the bearish divergence might say otherwise. It will probably take weeks to find out if the 175.00 will hold or not. {image}
is interest rate increased in gbp
Quoting FXSayWhat
{quote} Hickson, You are right, i mean to say high since 2009. Good catch.
Not trying to be hyper correct here, but for TA it is a factor of course.
Fix up, trade sharp ...
This mean, She will go straight to 175 with out any retrace ? Or Small retrace and go on , and repeat the loop untill 175 ?
Learning and Learing
Quoting Hickson
{quote} Not trying to be hyper correct here, but for TA it is a factor of course.
It's a good catch. It's all good. Thanks.
Underspeak, overdeliver.
1kSunny 千日阳光 Return This Month: 1,037.6%
Quoting pladee
This mean, She will go straight to 175 with out any retrace ? Or Small retrace and go on , and repeat the loop untill 175 ?
Anything can happen with the beast.
Fix up, trade sharp ...
Just a friendly advise
Focus on pairs with ADR 30-50pips even when wrong you can safely get out.
Pairs like G/JPY is highly manipulated and I suspect with Japan's banks.Its volatility is extreme and hard to gauge.Go long and it can drop 50pips in short time and go short it can spike 50pips like it did recently.
With so many trade-able pairs I don't understand why specially new traders placing orders on this pair when they should be staying clear of it.
I don't trade this pair at all and I don't feel I am missing out either.
Trading is challenging as it is why make it harder by choosing most unpredictable pair in forex
In trading, you have to be defensive and aggressive at the same time
Quoting gridmaster
{quote} is interest rate increased in gbp
Not yet, but it's likely to have a hike soon.

Despite the lack of hawkishness in the Bank of England minutes, more U.K. officials joined the chorus of policymakers hinting of an earlier increase in rates.

  1. From earlier this week Ian McCafferty from the BoE said the central bank should not hold back rate hikes for too long and begin raising rates before the output gap is fully closed.
  2. This followed earlier comments from Martin Weale who said that while he doesn’t see the case for raising rates right now, he’d be surprised if the BoE’s view did not change in the near future.
  3. The day before he said the “BoE may need to raise rates faster than markets anticipate” because “gradual rate increases may mean starting earlier.”
  4. We have no less than 3 U.K. policymakers (Carney, Weale and McCafferty) as proponents of an earlier rate hike and with more likely to follow, its no surprise to see sterling extend its gains.


Carney will be speaking again on Thursday and the BoE will be publishing their Financial Stability report, which could provide more guidance on how the U.K. government could reduce stimulus through fiscal and monetary policy. If the central bank successfully convinces the market that they are moving closer to raising rates, sterling could find its way towards 1.73 – but in all likelihood it will be a slow drift higher.

Source from Kathy Lien, BK Asset Management
http://www.bkassetmanagement.com/fea...hit-1-73_7093/

Underspeak, overdeliver.
1kSunny 千日阳光 Return This Month: 1,037.6%
Quoting Davit
Just a friendly advise Focus on pairs with ADR 30-50pips even when wrong you can safely get out. Pairs like G/JPY is highly manipulated and I suspect with Japan's banks.Its volatility is extreme and hard to gauge.Go long and it can drop 50pips in short time and go short it can spike 50pips like it did recently. With so many trade-able pairs I don't understand why specially new traders placing orders on this pair when they should be staying clear of it. I don't trade this pair at all and I don't feel I am missing out either. Trading is challenging...
Davit, back in 2013 or 2012 when i was in a contest, i held a GBPNZD position for 6 days and 1061 pips. It was surely flashy and made a impact on many new traders and IBFX community. It is correct that it's quite risky trading GBPJPY due to its volatility, but it is also correct saying it offers greater and faster reward than most of the other pairs when it does right. for example, 1061 pips in GBPNZD. it is also common young traders and scalpers are very attracted to such pair and that's probably one of the reasons the GBPJPY is as popular as EU in some countries, for example Japan.

My second thought (why you have hard time trading this pair) is if you lock yourself in 50 pips as target profit, i'd say if you are going with a 1:2 RR(risk & reward), your stop should be around 25 pips or lower. That is good for USDJPY type pair, but for GBPJPY, it's too little and you will have hard time going with this RR without getting your stop hit very often. GBPJPY moves 25 pips in matter of seconds. It's doable, but the skill requirement (for a consistency result over time) is extremely high to put up such accurate entry (with low stop).
Underspeak, overdeliver.
1kSunny 千日阳光 Return This Month: 1,037.6%
Quoting pladee
This mean, She will go straight to 175 with out any retrace ? Or Small retrace and go on , and repeat the loop untill 175 ?
I will be watching this pair next week. Make sure follow me and we will go through them as market goes next week.
Underspeak, overdeliver.
1kSunny 千日阳光 Return This Month: 1,037.6%
Quoting FXSayWhat
{quote} I will be watching this pair next week. Make sure follow me and we will go through them as market goes next week.
Definitely i will ^_^
Learning and Learing
Hi there, I just saw this huge divergence - gbpcad W1...., is that possible?! What do you thing about it...
Attached Image (click to enlarge)
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On the H4 chart, we see an Ab=cd harmonic pattern. We are expecting to see a drop if the condition gets better and ready enough, According to its time being fulfilled.


http://forex-fa14.blogspot.com/

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Due to the fact Yen hit its 24-year high CPI, we see it rally against both Dollar and Pound.
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Attached Image

Yen CPI hits all time high
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GBP GDP release later today, and we will see what happens.
Underspeak, overdeliver.
1kSunny 千日阳光 Return This Month: 1,037.6%
im waiting patience GU to crash today, a close below 172 tonight will confirm the bearish momentum
BOE is lacking support on its next rate hike while GJ is heading toward its 5-year high again.
GJ had its first week lose in the past 4 week while fading from its major resistant level 1.7350 fueled by Yen's 24-year high inflation.
Attached Image (click to enlarge)
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Complete analysis here
http://www.forexfactory.com/showthre...92#post7568192
Underspeak, overdeliver.
1kSunny 千日阳光 Return This Month: 1,037.6%
Quoting FXSayWhat
BOE is lacking support on its next rate hike while GJ is heading toward its 5-year high again. GJ had its first week lose in the past 4 week while fading from its major resistant level 1.7350 fueled by Yen's 24-year high inflation. {image} Complete analysis here http://www.forexfactory.com/showthre...92#post7568192
What is your point?
Quoting Fx3423454
{quote} What is your point?
what do you see?
Underspeak, overdeliver.
1kSunny 千日阳光 Return This Month: 1,037.6%
Quoting pladee
{quote} Definitely i will ^_^
I just had this pair analysis updated
Underspeak, overdeliver.
1kSunny 千日阳光 Return This Month: 1,037.6%
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