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Daily GBP/JPY analysis

  • #4,761
  • May 23, 2007 6:12am May 23, 2007 6:12am
GO!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy now.jpg Size: 85 KB
  • #4,762
  • May 23, 2007 6:26am May 23, 2007 6:26am
Quoting NewstraderFX
GO!!
  • #4,763
  • May 23, 2007 6:34am May 23, 2007 6:34am
I always thought the break of a triple top was to the downside ..................what is happening ?
  • #4,764
  • May 23, 2007 6:35am May 23, 2007 6:35am
Quoting dragon77
I always thought the break of a triple top was to the downside ..................what is happening ?
Your avatar might hold the answer...
  • #4,765
  • May 23, 2007 6:53am May 23, 2007 6:53am
Cesarnc

You are very right, the only signal it does seem to comply with is trend.
  • #4,766
  • May 23, 2007 7:18am May 23, 2007 7:18am
September 1992 the GBPJPY had a high of 247.65 and the most recent high since that date was 241.33 in January of this year.

Will the dragon beat its 15 year highs?

The way it looks now. I would have to say it might.
  • #4,767
  • May 23, 2007 7:19am May 23, 2007 7:19am
News on Iran. Geopolitical instability in the air.

http://www.forexfactory.com/showthread.php?t=30894
  • #4,768
  • May 23, 2007 7:47am May 23, 2007 7:47am
Try to break 241.61. New high?
  • #4,769
  • May 23, 2007 7:49am May 23, 2007 7:49am
Quoting Jutawan
Try to break 241.61. New high?
I don't believe that I did it, but I did it. Long 241.50, whatta hell, wanna party too...
  • #4,770
  • May 23, 2007 8:09am May 23, 2007 8:09am
I'm trying to find a place to jump in too. :-)

Does this mean it's ready to fall now?

Frank

Quoting cesarnc
I don't believe that I did it, but I did it. Long 241.50, whatta hell, wanna party too...
  • #4,771
  • May 23, 2007 8:11am May 23, 2007 8:11am
Long 241.49.

Ok guys (and gals), start watching for it to fall. :-)



Frank

Quoting frank99
I'm trying to find a place to jump in too. :-)

Does this mean it's ready to fall now?

Frank
  • #4,772
  • May 23, 2007 8:21am May 23, 2007 8:21am
Quoting frank99
Long 241.49.

Ok guys (and gals), start watching for it to fall. :-)



Frank
All carries jumped when Dow Jones printed 13,600. Last 13.587. Next push to blow up this figure will drag us up.

On retracement, bottom fishing.
  • #4,773
  • May 23, 2007 9:08am May 23, 2007 9:08am
There are fib studies and then there are FIB STUDIES!

The G/J chart is a fib of the Feb market crash and the G/U is a study of the last bullish $ trend. Check out how price matched up right at the London close.
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  • #4,774
  • May 23, 2007 9:32am May 23, 2007 9:32am
Want to thank to cesarnc and all the other deep buyers for teaching me to go with the trend. Havent made such a good profit for a long time Gozilla is back to life again.

Wonder where are the furios sellers now?
We leave no soldier behind.
  • #4,775
  • May 23, 2007 9:46am May 23, 2007 9:46am
Quoting gagiul
Want to thank to cesarnc and all the other deep buyers for teaching me to go with the trend. Havent made such a good profit for a long time Gozilla is back to life again.

Wonder where are the furios sellers now?
Good to know.. Keep it up
  • #4,776
  • May 23, 2007 9:49am May 23, 2007 9:49am
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting cesarnc
Good to know.. Keep it up
What next? I missed earlier.
All things are difficult before they are easy.
  • #4,777
  • May 23, 2007 10:08am May 23, 2007 10:08am
hehehe....

If EJ does not shoot-to-kill and suck the blood of 164 today, my name is not Britney Spears.

  • #4,778
  • May 23, 2007 10:30am May 23, 2007 10:30am
Quoting cesarnc
hehehe....

If EJ does not shoot-to-kill and suck the blood of 164 today, my name is not Britney Spears.

164 printed

  • #4,779
  • May 23, 2007 10:47am May 23, 2007 10:47am
is it ok to go long U/J at 121.74 or is it way too high?i missed the bottom fishing at 121.41:-(
thanks
learn something everyday
  • #4,780
  • May 23, 2007 11:28am May 23, 2007 11:28am
Quoting faddy
is it ok to go long U/J at 121.74 or is it way too high?i missed the bottom fishing at 121.41:-(
thanks
I always keep a buy limit in UJ, 10 pips above the 1hr 100 EMA. It's good for business.

Watch for the swing between daily pivot levels 121.53 (P) and 121.73 (R1). Just falling off R1 now...
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