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Cable Update (GBPUSD)

  • #723,181
  • Jan 25, 2023 6:52am Jan 25, 2023 6:52am
Gbpusd closed my short, have gone long
  • #723,182
  • Jan 25, 2023 6:53am Jan 25, 2023 6:53am
Quoting Fardeen1209
{quote} Mate, mind i asked the reason why you have a bullish sentiment on JPY? I currently flat on all JPY pairs, and want to know if i'm missing something
That's a good question. Three reasons:

1. Reopening. Japan's border reopened. Tourism and business travel resumed. Supply chain resumption. Industrial goods orders up. All these leading to demand on yen rises, hence the USD/JPY exchange rate. Japan is easily 12- to 18- month lagging Europe and North America on domestic inflation uptick. Inflation is slowing rising there, and since BOJ looks unlikely to tighten, we're looking at #2 below.

2. YCC ceiling. The 10-yr JGB had breached the yield cap, twice, and BOJ reacted by enlarging the YCC range. I expect further enlargement given their reluctance to raise rates. That should send yen into buying spree again.

3. Intervention (not strictly a factor in my bullishness). It worths noting BOJ might sound alarm if dollar/yen breaches 140. I retain my short outlook as long as this pair is trading higher than 120. We're at 130 now.

I'm currently short on USDJPY. Looking at potential dips toward 123 to 120. It may spike to 137, if dollar buying intensifies in coming weeks. That may be a short-term change in sentiment due to Fed. I'm looking at USDJPY trading much lower long term, say 98 to 110. I'm also short on GBPJPY and EURJPY. On these two pairs, reasons are pretty obvious: one as a hedge, another as a short on Sterling. Now, despite me holding a bullish yen outlook, I still would not touch JPY-crosses involving commodity currencies, like CADJPY. These are just too volatile at the moment.
  • #723,183
  • Jan 25, 2023 6:54am Jan 25, 2023 6:54am
Quoting Yngwie
How about long 1.2306
Closed this for 20 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #723,184
  • Jan 25, 2023 6:56am Jan 25, 2023 6:56am
Only open this trade today
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  • #723,185
  • Jan 25, 2023 7:00am Jan 25, 2023 7:00am
Short 1.2332 SL 1.2345
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #723,186
  • Jan 25, 2023 7:01am Jan 25, 2023 7:01am
GU looks to explode up! 1.2500x ???
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Set GOAL, REACH and REPEAT.
  • #723,187
  • Jan 25, 2023 7:05am Jan 25, 2023 7:05am
DXY Is preparing for a huge Up trend !!! Which mean a massive selling bias for currencies ....
In the daily timeframe we are in a demand ZONE
In the H4 time frame we are in an overbought ZONE ... Buy Confirmed
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REDA_EL_HARAOUI
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  • #723,188
  • Jan 25, 2023 7:07am Jan 25, 2023 7:07am
Quoting MarunCable
GU looks to explode up! 1.2500x ??? {image}
It would need a push from somewhere, what do you have in mind?
  • #723,189
  • Jan 25, 2023 7:10am Jan 25, 2023 7:10am
Quoting BeeTogether
50 up from 12280 area enough liquidity now drop please
Look at all that lq above 2338 all the way to 2290. Yumm.
  • #723,190
  • Jan 25, 2023 7:11am Jan 25, 2023 7:11am
Quoting Abeeha
Price just tap on 1.2280 and went up now waiting for tp wich is on 1.2345. M15 1hr and 4hr below. seniors correct me if i am wrong {image} {image} {image}
Tp at 1.2333 done for the day
  • #723,191
  • Jan 25, 2023 7:14am Jan 25, 2023 7:14am
Quoting Reda.el
DXY Is preparing for a huge Up trend !!! Which mean a massive selling bias for currencies .... In the daily timeframe we are in a demand ZONE In the H4 time frame we are in an overbought ZONE ... Buy Confirmed {image} {image}
That's just your opinion. It is not necessary to immediately write it in big bold letters in five threads
  • #723,192
  • Jan 25, 2023 7:17am Jan 25, 2023 7:17am
Quoting Milan
{quote} That's just your opinion. It is not necessary to immediately write it in big bold letters in five threads
He is simply sharing his opinion which he believes is important.
  • #723,193
  • Jan 25, 2023 7:18am Jan 25, 2023 7:18am
London open candle strategy
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yes yes yes
  • #723,194
  • Jan 25, 2023 7:25am Jan 25, 2023 7:25am
Price is Retesting Bearish Breaker, and forming 3rd LH.
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  • #723,195
  • Jan 25, 2023 7:35am Jan 25, 2023 7:35am
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yes yes yes
  • #723,196
  • Jan 25, 2023 7:42am Jan 25, 2023 7:42am
Quoting pipcenturion
{quote} I joined the buy train. Next stop is at 1.2380 Enjoy the ride! {image}

Sniper Bro.........
Congrat

Want to join you earlier, but was outside getting my visa to Estonia next month.

GU

BTW, still waititng for next set up for my LONG trade.
Maybe a bit later then.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #723,197
  • Jan 25, 2023 7:45am Jan 25, 2023 7:45am
Quoting Moty
{image}
Time to give back the profits from yesterday
Price = the amount a greater fool is willing to pay!
  • #723,198
  • Jan 25, 2023 7:50am Jan 25, 2023 7:50am
Quoting pipcenturion
{quote} I joined the buy train. Next stop is at 1.2380 Enjoy the ride! {image}
An excruciatingly bumpy ride so far
But we hang tight
  • #723,199
  • Jan 25, 2023 7:51am Jan 25, 2023 7:51am
Quoting Pat Chiko
{quote} Sniper Bro......... Congrat Want to join you earlier, but was outside getting my visa to Estonia next month. GU BTW, still waititng for next set up for my LONG trade. Maybe a bit later then.{image}
japa gang
  • #723,200
  • Jan 25, 2023 7:56am Jan 25, 2023 7:56am
Quoting Pat Chiko
{quote} Sniper Bro......... Congrat Want to join you earlier, but was outside getting my visa to Estonia next month. GU BTW, still waititng for next set up for my LONG trade. Maybe a bit later then.{image}
SHORT again 12315 no tp no sl .....gunna have me a Chiko fight ...
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