Anticipating some moves for the NFP? What do you traders think? Has the market peaked out? The consensus is 150,000 jobs added. Anyone care to analyze GBP/JPY movement for tomorrow?
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DislikedAnticipating some moves for the NFP? What do you traders think? Has the market peaked out? The consensus is 150,000 jobs added. Anyone care to analyze GBP/JPY movement for tomorrow?Ignored
DislikedHaha! I'm going to guess here. The magic number will be 117,000 jobs added. GBP/JPY will wind down to 170.40 on a risk aversion scenario. Instead of the euro gaining another 50 pips into 1.39 all of a sudden out of nowhere the old inverse correlation between the U.S. dollar and equities will kick in hard. Bids for USD will start coming on, stocks will sell off and leave the DOW Jones at 16,180. Knowing that this Fed taper is an unstoppable train with no brakes it initiates a downtrend and for the rest of March the U.S. dollar bull market that all...Ignored
DislikedReally dunno if i should close the trade and wait till after NFP or stay in the trade any analysis will help????Ignored
Disliked{quote} The Non-Farm Payroll data in the United States is most likely the highest volatility statistical release all month, every month. Couple that with GBP/JPY being an extremely volatile pair. If your direction is correct you stand to gain much, if wrong you could lose 170 pips.Ignored
Disliked{quote} Now GJ is showing the beast in itself, Any reason for GJ heading south while others are staying up hill?Ignored
Disliked{quote} Try looking at say the 5m charts of GbpUsd and UsdJpy and you will find the answer to your question .....and I am not certain what "the others" are.....Ignored
Disliked{quote} Now GJ is showing the beast in itself, Any reason for GJ heading south while others are staying up hill?Ignored
Disliked{quote} G/J is going down to scoop all the sell orders b50elow the tokyo range and to trigger the longs that have stops below the range as well ...thats all.Ignored
Disliked{quote} sounds correct to me. I expect anything between 171.40-50 and 171 today before further upside to 175 and some interventionIgnored