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Cable Update (GBPUSD)

  • #699,541
  • Oct 22, 2022 8:30am Oct 22, 2022 8:30am
Quoting Pat Chiko
USD JPY {quote} Sorry late to update you on UJ BTW, did you managed to catch the short ?. I hope you did share my analysis to friend over USDJPY thread The signal ( to the pips) {image} The moves : (extended bear){image} {quote} Looking ahead. BOJ dumping UST for USD. Seeing that, Yen will be back at 150 by next Friday... For short-term I'd believe risk-ON shift but longer term I'm less convinced. To recap what is hppening now is , BoJ sells USD for JPY to defend their currency while printing JPY to do YCC and defend their bond market until...
Hi Chiko

Super analysis

Everything is positive for jpy in comparison with other countries be it interest rate very less, Gdp positive, inflation 1/3 in relation to US and UK why Jpy is not strong?

Apart from their debt/gdp ratio and trade deficit everything is positive.

Please do shed some light on as it is a difficult economy to understand.
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Regards
bilal
"Exchange of hands"
  • #699,542
  • Oct 22, 2022 8:41am Oct 22, 2022 8:41am
Quoting bilal1947
{quote} Hi Chiko Super analysis Everything is positive for jpy in comparison with other countries be it interest rate very less, Gdp positive, inflation 1/3 in relation to US and UK why Jpy is not strong? Apart from their debt/gdp ratio and trade deficit everything is positive. Please do shed some light on as it is a difficult economy to understand. {image} Regards bilal
Interest rates, you said it..
Any announcement that BoJ will raise interest rates will recover Yen immediately.

The moment I hear BoJ will raise interest rates, I'll start buying Yen Looooong term.
  • #699,543
  • Oct 22, 2022 8:49am Oct 22, 2022 8:49am
Quoting TheWolf
{quote} Interest rates, you said it.. Any announcement that BoJ will raise interest rates will recover Yen immediately. The moment I hear BoJ will raise interest rates, I'll start buying Yen Looooong term.
Japan's ageing and falling population is behind this low consumer demand, which is helping to keep down the inflation in Japan , hence i don't think they do it soon, lets see..may be thats the reason why the graph of japan is like dead man's heart beat ..lol
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Blank and Empty
  • #699,544
  • Oct 22, 2022 8:53am Oct 22, 2022 8:53am
GBP USD

If it breaks below 1.12, the price may continue to slide towards the 1.09 support area.
Beyond 1.09 a sharp drop to 1.07 is likely.

Next is 1.05, is cozy place to hang around for a while for some drinks, unless this drop is halt by BoE Intervention.

Prices are unlikely to drop to 1.03 unless another surprise announcement is made. ( like Boris resign, Truss becoming PM again...)
Upside potential seems unlikely and limited.
With US real interest rates look set to push even higher this year meaning that GBP/USD will likely struggle to break above the 1.15 area over coming weeks.
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GBPUSD breaks trend after more turmoil in politics
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BTW, looking at British guilt’s yields rise (to put it mildly) in anticipation of Boris Johnson re assuming the Prime Minister position.
An expectation he’ll continue the same failed policies.
I really hope Mr Johnson win to race and become PM again.
It's going to be another good run to make money on volatile market...
(No vote to Mr Sunak, market will calm and super slow)
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Those are my view only not recommendation to trade.
My recommendation is keep your money in bank and earn interest - no worries.

Good Luck.

Pat CHIKO
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #699,545
  • Oct 22, 2022 9:03am Oct 22, 2022 9:03am
Quoting LvMMT
{quote} Thank you dear, people must know what heals them...only themselves..only their mind and soul can heal them... God bless you Jolita and God bless everyone!
Inserted Video
POSTMASTER
  • #699,546
  • Oct 22, 2022 9:20am Oct 22, 2022 9:20am
Weekend rates on IG has GU on the rise. Doesn’t always mean too much however it’s usually a few pips here and there. Right now we it’s around 25 pips north.
Insane in the Brain..
  • #699,547
  • Oct 22, 2022 9:22am Oct 22, 2022 9:22am
Simple and straightforward view
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  • #699,548
  • Oct 22, 2022 9:38am Oct 22, 2022 9:38am
Quoting Robinhood1
{quote} Is it true you are ill? Are you from India? 2 questions I will advice you, You don´t have to give me anything
yes, confined to bed since 2006
  • #699,549
  • Oct 22, 2022 9:43am Oct 22, 2022 9:43am
Quoting Robinhood1
This is why i come to the conclusion we will reach around 1.2000 and then back down to 1.0400. I may be wrong There is a geometric pattern around the middle of chart which i amplified. This is telling me it should break its previous high and consecuently meet the low(arrow) {image}{image}
Here is Robin´s pattern again. audusd. Middle green circle. Red 120 is equivalent to what i expect with GU. So, GU should have reached 1.2000 by now and thus there has been some shorting manipulation within the range as natural law cannot be violated. This means that the Algo has gone wrong and expecting to close their oversold shorts around 1.1000 which i think they will not. 1.1060 was maximun to the downside. I also expect a violent move up as time is pushing now.

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POSTMASTER
  • #699,550
  • Oct 22, 2022 9:47am Oct 22, 2022 9:47am
Quoting PatienceFx
{quote} yes, confined to bed since 2006
Ok mate, I posted what a consider the best remedy for all illneses but specially serious ones. Maybe you want to check.

This is well known in India. GL
POSTMASTER
  • #699,551
  • Oct 22, 2022 10:09am Oct 22, 2022 10:09am
Quoting PatienceFx
if anyone can cure my primary progressive multiple sclerosis, i will willingly give him whatever he wishes for.
Sorry to hear. Just did little search on this as I never came across MS.
Must be hard to live with the pain
Hopefully you will find a way to control from getting worse.

This charity in UK can be joined to participate in a reseach from anywhere. Good to talk with someone about it. All the best

https://www.mssociety.org.uk/researc...search-network
  • #699,552
  • Oct 22, 2022 10:21am Oct 22, 2022 10:21am
Quoting BeeTogether
Weekend rates on IG has GU on the rise. Doesn’t always mean too much however it’s usually a few pips here and there. Right now we it’s around 25 pips north.
Are you hedging your short position? I am in. Spread is 6pips, still smaller then BTC.
  • #699,553
  • Oct 22, 2022 10:27am Oct 22, 2022 10:27am
Quoting TheWolf
{quote} Interest rates, you said it.. Any announcement that BoJ will raise interest rates will recover Yen immediately. The moment I hear BoJ will raise interest rates, I'll start buying Yen Looooong term.
congratulations for your red diamond
POSTMASTER
  • #699,554
  • Oct 22, 2022 10:38am Oct 22, 2022 10:38am
Quoting Robinhood1
{quote} congratulations for your red diamond
DON'T BE RIDICULOUS.
  • #699,555
  • Oct 22, 2022 10:43am Oct 22, 2022 10:43am
Went back in. see if we reach 19300

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POSTMASTER
  • #699,556
  • Oct 22, 2022 10:45am Oct 22, 2022 10:45am
Quoting tiborf71
{quote} DON'T BE RIDICULOUS.
Given you a like, see if you can achieve one too
POSTMASTER
  • #699,557
  • Oct 22, 2022 11:10am Oct 22, 2022 11:10am
Quoting PatienceFx
{quote} yes, confined to bed since 2006

sorry to hear this
  • #699,558
  • Oct 22, 2022 12:15pm Oct 22, 2022 12:15pm
Quoting Jolita
{quote} Sorry to hear. Just did little search on this as I never came across MS. Must be hard to live with the pain Hopefully you will find a way to control from getting worse. This charity in UK can be joined to participate in a reseach from anywhere. Good to talk with someone about it. All the best https://www.mssociety.org.uk/researc...search-network
I have received best of the best care, but the final word is nothing can be done now.
  • #699,559
  • Oct 22, 2022 12:27pm Oct 22, 2022 12:27pm
Quoting Robinhood1
{quote} congratulations for your red diamond
Thank you Robin in hood!
  • #699,560
  • Oct 22, 2022 12:33pm Oct 22, 2022 12:33pm
Quoting tiborf71
{quote} DON'T BE RIDICULOUS.
Hohoho...
You're counting your last days on this forum buddy!!



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