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Daily GBP/JPY analysis

  • #3,961
  • Apr 25, 2007 4:43pm Apr 25, 2007 4:43pm
Quoting Pipsqueak
I wonder what would happen tomorrow if dow starts profit taking along with good Yen data. We might finally see the end of this stalemate.
Yep pipsqueak, that would definitely bring the big bears back to the market. Interesting also is what is happening right now with NZD - huge movements in NZDUSD because of the very strong kiwi data, and I believe we'll see another short plunge if the remaining data comes out strong as well. It's the carry trade effect. Carries go to kiwi + strong yen data + profit taking on stock market = R.I.P greenback. Let us hope.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #3,962
  • Apr 25, 2007 4:52pm Apr 25, 2007 4:52pm
Quoting Plutonite
Carries go to kiwi + strong yen data + profit taking on stock market = R.I.P greenback. Let us hope.
Loved that scenario
  • #3,963
  • Apr 25, 2007 5:59pm Apr 25, 2007 5:59pm
Quoting Plutonite
Yep pipsqueak, that would definitely bring the big bears back to the market. Interesting also is what is happening right now with NZD - huge movements in NZDUSD because of the very strong kiwi data, and I believe we'll see another short plunge if the remaining data comes out strong as well. It's the carry trade effect. Carries go to kiwi + strong yen data + profit taking on stock market = R.I.P greenback. Let us hope.
Now, what is "R.I.P greenback"?http://www.forexfactory.com/images/icons/icon5.gif
  • #3,964
  • Apr 25, 2007 6:02pm Apr 25, 2007 6:02pm
Quoting trader8686
Now, what is "R.I.P greenback"?http://www.forexfactory.com/images/icons/icon5.gif
Rest in Peace. Very technical term, means you short the dollar

Anyway the kiwi data was good but apparently not good enough. Market dumping kiwi. I'm watching to see if they come to their senses.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #3,965
  • Apr 25, 2007 6:48pm Apr 25, 2007 6:48pm
Quoting trader8686
Now, what is "R.I.P greenback"?http://www.forexfactory.com/images/icons/icon5.gif
Last acronym left for U.S.D.

C.V.A. -> gone
I.C.U -> gone
R.I.P -> _ _ _ _ _
  • #3,966
  • Apr 25, 2007 7:18pm Apr 25, 2007 7:18pm
So, don't tell me. We are stuck at the 23.6% retracement of the most recent movement up on the 1H chart. In addition, there is a trendline at that area which makes for good support. So,, we are going to test 238.00 (you know what I am going to say - one more time)???
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,967
  • Apr 25, 2007 7:56pm Apr 25, 2007 7:56pm
Quoting Sami7
So, don't tell me. We are stuck at the 23.6% retracement of the most recent movement up on the 1H chart. In addition, there is a trendline at that area which makes for good support. So,, we are going to test 238.00 (you know what I am going to say - one more time)???
Your Avatar fits the environment perfectly.
  • #3,968
  • Apr 25, 2007 8:01pm Apr 25, 2007 8:01pm
U mean bear...or sad bear (like his) or fierce bear (like mine) heheheh or the bear below
Attached Image
  • #3,969
  • Apr 25, 2007 8:02pm Apr 25, 2007 8:02pm
Good piece of info. Includes commentaries on Yen

Bloomberg:

http://www.bloomberg.com/apps/news?p...Ncs&refer=home
  • #3,970
  • Apr 25, 2007 8:08pm Apr 25, 2007 8:08pm
Quoting cesarnc
Good piece of info. Includes commentaries on Yen

Bloomberg:

http://www.bloomberg.com/apps/news?p...Ncs&refer=home

Thank you cesarnc,

That was a good commentary. 117.5 within a week for the Yen. Where would that put the GBPJPY.

  • #3,971
  • Apr 25, 2007 8:11pm Apr 25, 2007 8:11pm
Quoting cesarnc
Your Avatar fits the environment perfectly.
Fits me too
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,972
  • Apr 25, 2007 8:14pm Apr 25, 2007 8:14pm
Quoting yezbick
Thank you cesarnc,

That was a good commentary. 117.5 within a week for the Yen. Where would that put the GBPJPY.

GJ=GU x UJ
  • #3,973
  • Apr 25, 2007 8:19pm Apr 25, 2007 8:19pm
so it looks like the bear might come out and play.

http://www.clarkvision.com/galleries...3877.b-700.jpg
  • #3,974
  • Apr 25, 2007 8:26pm Apr 25, 2007 8:26pm
Watchout in case Japan news comes bad

http://www.funnyhub.com/pictures/img...olonoscopy.jpg
  • #3,975
  • Apr 25, 2007 8:34pm Apr 25, 2007 8:34pm
awwwwww! Wun it make the bear angry (like mine) muahahahehehe
  • #3,976
  • Apr 25, 2007 9:23pm Apr 25, 2007 9:23pm
Oh man... it's getting hot here between bulls and bears. Still waiting for the show.
Tra-X
  • #3,977
  • Apr 25, 2007 9:24pm Apr 25, 2007 9:24pm
Quoting cesarnc
GJ=GU x UJ
Cesar,
How do we find out each currency's price (indivisually) ?
Like, Yen, GBP, USD, CHF, etc?
  • #3,978
  • Apr 25, 2007 9:38pm Apr 25, 2007 9:38pm
Quoting trader8686
Cesar,
How do we find out each currency's price (indivisually) ?
Like, Yen, GBP, USD, CHF, etc?
huh? how do you even get the price of and individual currency without pegging it to another?
  • #3,979
  • Apr 25, 2007 10:17pm Apr 25, 2007 10:17pm
Quoting bmwboyee
so it looks like the bear might come out and play.

http://www.clarkvision.com/galleries...3877.b-700.jpg
those are a hampsters.
BAM BAM BOOM! -bravado
  • #3,980
  • Apr 25, 2007 10:20pm Apr 25, 2007 10:20pm
this is a bear.

http://mypaints.com/Bear%20pictures%20021.jpg
BAM BAM BOOM! -bravado
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