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Daily GBP/JPY analysis

  • #4,141
  • Apr 30, 2007 9:09am Apr 30, 2007 9:09am
10:08Don' turn your back on market today with large month end flows due in 1 hour
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #4,142
  • Apr 30, 2007 10:20am Apr 30, 2007 10:20am
it is a golden week in Japan and this is an opportunity for all carry traders to add their long position because japanese yen is helpless 'til May 05 so what are you waiting for my friend? Go long and you'll never be go wrong!
  • #4,143
  • Apr 30, 2007 10:23am Apr 30, 2007 10:23am
Quoting 4x_Trader
it is a golden week in Japan and this is an opportunity for all carry traders to add their long position because japanese yen is helpless 'til May 05 so what are you waiting for my friend? Go long and you'll never be go wrong!
....... Just i thought i am going to close and take profit at 75pips...... lol Thanks for the advice!!!
  • #4,144
  • Apr 30, 2007 10:28am Apr 30, 2007 10:28am
Quoting stevetan2010
....... Just i thought i am going to close and take profit at 75pips...... lol Thanks for the advice!!!
I'm holding long... If Uj bounces off Pivot/S1 and cable stays above 2.0000, GJ will be rocketed skyhigh...

Stock market to help.
  • #4,145
  • Apr 30, 2007 10:38am Apr 30, 2007 10:38am
Quoting cesarnc
I'm holding long... If Uj bounces off Pivot/S1 and cable stays above 2.0000, GJ will be rocketed skyhigh...

Stock market to help.
so how does stock market helps?
  • #4,146
  • Apr 30, 2007 10:49am Apr 30, 2007 10:49am
seeing downtime on hourly - you may want to wait for a retracement to buy dips....then again, I've closed my long and will carefully consider opening another.
All hard work brings a profit, but mere talk leads only to poverty.
  • #4,147
  • Apr 30, 2007 10:53am Apr 30, 2007 10:53am
Quoting Sami7
Today is really exciting so far....when are we going to see some movement?

Have you been shouting at the screen?


You really seem to know this pair. I shall be watching out for your opinions...
Gone to a better place
  • #4,148
  • Apr 30, 2007 10:55am Apr 30, 2007 10:55am
Quoting smikester
Have you been shouting at the screen?


You really seem to know this pair. I shall be watching out for your opinions...
Your kidding right??
All hard work brings a profit, but mere talk leads only to poverty.
  • #4,149
  • Apr 30, 2007 11:11am Apr 30, 2007 11:11am
Quoting cesarnc
I'm holding long... If Uj bounces off Pivot/S1 and cable stays above 2.0000, GJ will be rocketed skyhigh...

Stock market to help.
So far like music.

Out for nap
  • #4,150
  • Apr 30, 2007 11:35am Apr 30, 2007 11:35am
Quoting cesarnc
So far like music.

Out for nap
What is Pivot, cesar? And, what price you have for Pivot/S1?
Thanks ahead for teaching me.http://www.forexfactory.com/images/icons/icon7.gif
  • #4,151
  • Apr 30, 2007 11:39am Apr 30, 2007 11:39am
For me, today has been easy technical trading. This did not stop me getting burned when the price dropped 60 pips to 237.92. I neglected to buy the dip because I was in shock and it recovered (unlike me) within 15 minutes. Not a good start to the day.
Gone to a better place
  • #4,152
  • Apr 30, 2007 12:04pm Apr 30, 2007 12:04pm
12:51 Japan's Omi met with France's Breton. Omi says they agreed markets decide FX rates and both agreed currencies should reflect fundamentals

Classic damn statement followed by the classic UJ dumping. Now, hours to recover...


  • #4,153
  • Apr 30, 2007 12:16pm Apr 30, 2007 12:16pm
Quoting cesarnc
12:51 Japan's Omi met with France's Breton. Omi says they agreed markets decide FX rates and both agreed currencies should reflect fundamentals

Classic damn statement followed by the classic UJ dumping. Now, hours to recover...


Cesar, What is the GBP price now? Is it 2.000 yet?
  • #4,154
  • Apr 30, 2007 12:48pm Apr 30, 2007 12:48pm
I don't understand this, why it just don't like to go up..............?http://www.forexfactory.com/images/icons/icon5.gif
  • #4,155
  • Apr 30, 2007 1:07pm Apr 30, 2007 1:07pm
Quoting trader8686
Cesar, What is the GBP price now? Is it 2.000 yet?
GU ranging around 2.0, yes.
  • #4,156
  • Apr 30, 2007 1:57pm Apr 30, 2007 1:57pm
We have a weak JPY

Buy with breaking 239.36
Regarding
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  • #4,157
  • Apr 30, 2007 2:49pm Apr 30, 2007 2:49pm
Quoting Romandan
We have a weak JPY

Buy with breaking 239.36
Regarding
Thanks a lot.
  • #4,158
  • Apr 30, 2007 5:47pm Apr 30, 2007 5:47pm
Well, since no one is posting - Let me state the obvious in the hopes that someone will get a smile out of it. We are retracing.

And it's been a boring trading day.
All hard work brings a profit, but mere talk leads only to poverty.
  • #4,159
  • Apr 30, 2007 6:00pm Apr 30, 2007 6:00pm
Quoting Sami7
Well, since no one is posting - Let me state the obvious in the hopes that someone will get a smile out of it. We are retracing.

And it's been a boring trading day.
Sami7, when you say "retracing" meaning that we are "temperarily" out of the up trend, right? To me, Retrace should be different from Reverse.
(just trying to understand your message)
  • #4,160
  • Apr 30, 2007 6:08pm Apr 30, 2007 6:08pm
Quoting trader8686
Sami7, when you say "retracing" meaning that we are "temperarily" out of the up trend, right? To me, Retrace should be different from Reverse.
(just trying to understand your message)
Right. I believe we will head down for a time and restest today's highs. Not sure how far down.
All hard work brings a profit, but mere talk leads only to poverty.
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