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Daily GBP/JPY analysis

  • #4,641
  • May 18, 2007 5:03am May 18, 2007 5:03am
Quoting cesarnc
Just affected all Yen crosses. But was a rumor going on only...

BTW, G8 is gathering this weekend. This is an event risk for carry trades if they address "yen weakness" as they usualy do. So rolling carries during this weekend is not that good idea.
Again, excuse my noobieness. What do you mean by 'rolling carries'? Buying yen crosses?
  • #4,642
  • May 18, 2007 5:11am May 18, 2007 5:11am
Quoting Loopy
Again, excuse my noobieness. What do you mean by 'rolling carries'? Buying yen crosses?
Keeping carry trade positions open during the weekend
  • #4,643
  • May 18, 2007 5:32am May 18, 2007 5:32am
What was that? who pulled the floor out from under us for a minute there?
  • #4,644
  • May 18, 2007 5:41am May 18, 2007 5:41am
unbelievable............sold at break even and missed out on 70 point................................I feel so gutted.........
  • #4,645
  • May 18, 2007 5:44am May 18, 2007 5:44am
More room for south? Where to now?
  • #4,646
  • May 18, 2007 5:49am May 18, 2007 5:49am
fibs and pivots hmmm....
Attached Image
  • #4,647
  • May 18, 2007 5:49am May 18, 2007 5:49am
Quoting yezbick
What was that? who pulled the floor out from under us for a minute there?
China....

06:41 China's PBOC announces it has also raised rates 18bp and hiked the reserve requirement ratio.
  • #4,648
  • May 18, 2007 5:50am May 18, 2007 5:50am
Quoting yezbick
What was that? who pulled the floor out from under us for a minute there?
Is this the beginning to an end to carry trade or what?
Eyes For Pips!
  • #4,649
  • May 18, 2007 5:53am May 18, 2007 5:53am
Quoting cesarnc
China....

06:41 China's PBOC announces it has also raised rates 18bp and hiked the reserve requirement ratio.
38.2 Retracement down to 233 area.

233 by the end of the day anyone?

lol

Not very likely. But the drop has been nice so far.
  • #4,650
  • May 18, 2007 5:57am May 18, 2007 5:57am
Weekly pivot at 238.10
  • #4,651
  • May 18, 2007 6:00am May 18, 2007 6:00am
Quoting Ecogates
Is this the beginning to an end to carry trade or what?
JESUSSSSS CHIIIISSSTTTT.....

No armaggedon here, please guys...

200 pips down is just NOTHING... Could go another 1,000 pips down and still be good.

  • #4,652
  • May 18, 2007 6:01am May 18, 2007 6:01am
Quoting yezbick
Weekly pivot at 238.10

Now on to support @ 237.72 on 5-15
  • #4,653
  • May 18, 2007 6:13am May 18, 2007 6:13am
Quoting cesarnc
China....

06:41 China's PBOC announces it has also raised rates 18bp and hiked the reserve requirement ratio.

Why doesn't forex factory report China news? Especially this one
  • #4,654
  • May 18, 2007 6:24am May 18, 2007 6:24am
Quoting yezbick
Now on to support @ 237.72 on 5-15
So what next? I guess we should wait for the second news also from China which may revalue the yuan. And the G8 this weekend?
Eyes For Pips!
  • #4,655
  • May 18, 2007 6:30am May 18, 2007 6:30am
Quoting Ecogates
So what next? I guess we should wait for the second news also from China which may revalue the yuan. And the G8 this weekend?
stay off, buy dips, be happy, no rush



patience is what brings the best trades in Yen pairs, believe me.
  • #4,656
  • May 18, 2007 6:57am May 18, 2007 6:57am
Cool shorts in nice profits now will leave open targeting 150, 8800 pips to go.

Could it be armegeddon?
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  • #4,657
  • May 18, 2007 7:01am May 18, 2007 7:01am
Quoting el_duende
Cool shorts in nice profits now will leave open targeting 150, 8800 pips to go.

Could it be armegeddon?
150 will demand a nuclear detonation in some major city, imo
  • #4,658
  • May 18, 2007 7:10am May 18, 2007 7:10am
i don't like to go long this week
i brefer to go short , or step aside
....
  • #4,659
  • May 18, 2007 7:20am May 18, 2007 7:20am
If we just had our 38.2 retracement for the china news could we expect a profit target of 1.382?

china news started from 239.40 as far as I can tell.
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  • #4,660
  • May 18, 2007 8:44am May 18, 2007 8:44am
Dow Jones rocketed at open. China didn't spread panic.

This is Carries bullish (risk not spreading across the board)
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