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Daily GBP/JPY analysis

  • #4,881
  • May 24, 2007 8:33pm May 24, 2007 8:33pm
Down 78 pips and looks to be rebounding some. Hopefully for more pips.

Daily S2 @ 239.72 showing it some trouble.
  • #4,882
  • May 24, 2007 8:42pm May 24, 2007 8:42pm
Quoting yezbick
Down 78 pips and looks to be rebounding some. Hopefully for more pips.

Daily S2 @ 239.72 showing it some trouble.
Buy on dips my friend and lets make lots of money!
  • #4,883
  • May 24, 2007 8:51pm May 24, 2007 8:51pm
Quoting 4x_Trader
Buy on dips my friend and lets make lots of money!
Could be a possible retracement 38.2

But I'm in at 239.97
Attached Image
  • #4,884
  • May 24, 2007 8:54pm May 24, 2007 8:54pm
Watchout on longs... I'm off long time after the UJ reaction to the news!

-Rate hike sentiment poped now with CPI - 0.1% (as Fukui said does not need positive prints to hike)

- Nikkey going down in flames and Shanghai mixed-to-positive, but can accelerate. Still not looking a powerful unwinding, but you won't want to be Yen short to figure it out. If Shaghai pushes down backed on lousy NYSE close, that will be it...

- Risk reduction can also weight in the market until NYC tomorrow, ahead of long weekend...

- If GBPUSD and EURUSD gave up to the selloff, forget it. it's going down.. This move can be extended all the way to the European session.

Go for bottoms on next week


  • #4,885
  • May 24, 2007 9:02pm May 24, 2007 9:02pm
Quoting cesarnc
Watchout on longs... I'm off long time after the UJ reaction to the news!

-Rate hike sentiment poped now with CPI - 0.1% (as Fukui said does not need positive prints to hike)

- Nikkey going down in flames and Shanghai mixed-to-positive, but can accelerate. Still not looking a powerful unwinding, but you won't want to be Yen short to figure it out. If Shaghai pushes down backed on lousy NYSE close, that will be it...

- Risk reduction can also weight in the market until NYC tomorrow, ahead of long weekend...

- If GBPUSD and EURUSD gave up to the selloff, forget it. it's going down.. This move can be extended all the way to the European session.

Go for bottoms on next week


Thanks Cesarnc for the info. Your the best.

I give your advice two thumbs up.

Do you think this could cause a sell off in the NYSE tomorrow? That could cause additional carry trade unwinding.
  • #4,886
  • May 24, 2007 9:25pm May 24, 2007 9:25pm
Looks like the Nikkei which was down 300 at the opening is now down 225. Seeing some recovery and the carry trades are coming back.

You can watch the Global markets at the following site.

http://www.forex-markets.com/indices-quotes.htm
  • #4,887
  • May 24, 2007 9:35pm May 24, 2007 9:35pm
Quoting yezbick
Looks like the Nikkei which was down 300 at the opening is now down 225. Seeing some recovery and the carry trades are coming back.

You can watch the Global markets at the following site.

http://www.forex-markets.com/indices-quotes.htm
Nice. ty
USD Est Non Mortuus
  • #4,888
  • May 24, 2007 9:36pm May 24, 2007 9:36pm
GBPJPY Retracement from 5-23 high @ 17:15 giving upward moment trouble at 240.37.

Will see if it holds.
Attached Image
  • #4,889
  • May 24, 2007 9:38pm May 24, 2007 9:38pm
Quoting yezbick
Looks like the Nikkei which was down 300 at the opening is now down 225. Seeing some recovery and the carry trades are coming back.

You can watch the Global markets at the following site.

http://www.forex-markets.com/indices-quotes.htm
Tnx for the link yezbeck!

22:27Shanghai shares now rallying back after a lower opening


I told you if you want to make money buy on dips bro the market is very friendly to us he gave us an opportunity to buy at lower prices.
  • #4,890
  • May 24, 2007 9:46pm May 24, 2007 9:46pm
Quoting 4x_Trader
Tnx for the link yezbeck!

22:27Shanghai shares now rallying back after a lower opening


I told you if you want to make money buy on dips bro the market is very friendly to us he gave us an opportunity to buy at lower prices.
Happy to be of service.
  • #4,891
  • May 24, 2007 10:22pm May 24, 2007 10:22pm
with the gdp coming at even tomorrow, do you think the pound will rally back up for some gains? thanks
  • #4,892
  • May 24, 2007 10:25pm May 24, 2007 10:25pm
Quoting treadline
with the gdp coming at even tomorrow, do you think the pound will rally back up for some gains? thanks
Found this in the news on the factory should answer your ?

http://forexfactory.com/showthread.php?t=31133

http://forexfactory.com/image.php?u=...ine=1158449536Investica http://forexfactory.com/images/statu...er_offline.gif vbmenu_register("postmenu_1450277", true);
FFAN Analyst
Join Date: Jun 2004
Posts: 989


http://www.forexfactory.com/images/icons/icon1.gif UK GDP growth preview
The UK economy has recorded positive quarterly GDP figures for the last 10 years and an extreme figure remains highly unlikely for the first quarter of 2007.

The services sector should post firm growth while the manufacturing contribution is likely to be limited. There will be some risk of an erratic primary-sector figure on volatility in energy production which could distort the headline figure while net exports will tend to weaken growth.

Markets will also look at inflation estimates within the data, although there have been several more recent inflation reports and the reaction will be centred almost entirely on the headline GDP reading

Sterling is likely to advance on a figure of 0.8% or higher for the quarter while the UK currency will be sold if growth is 0.6% or lower. Given optimism over UK growth trends, there is likely to be a bigger reaction to weaker than expected data rather than strong data. Indeed, a figure of 0.5% would be likely to result in sharp Sterling selling.

Overall, given that weather conditions were generally favourable during the quarter, the underlying risk is for a slightly stronger than expected initial reading.
__________________
Analysis by Investica LTD
  • #4,893
  • May 24, 2007 10:29pm May 24, 2007 10:29pm
Overall, given that weather conditions were generally favourable during the quarter, the underlying risk is for a slightly stronger than expected initial reading.

so the pound will rally up to say 20+ pips right? from what i can tell.
  • #4,894
  • May 24, 2007 10:29pm May 24, 2007 10:29pm
Looks like the GBPJPY has stabilized. I need to get some sleep.

I'll be back online for the GDP @ 8:30 GMT.
  • #4,895
  • May 24, 2007 10:30pm May 24, 2007 10:30pm
Quoting treadline
Overall, given that weather conditions were generally favourable during the quarter, the underlying risk is for a slightly stronger than expected initial reading.

so the pound will rally up to say 20+ pips right? from what i can tell.
Exact amount unknown, but should have a positive effect. Yes.
  • #4,896
  • May 24, 2007 10:34pm May 24, 2007 10:34pm
thanks yezbick
  • #4,897
  • May 24, 2007 10:46pm May 24, 2007 10:46pm
Quote
`Large' Yuan Gain Would Hurt China's Economy, Wu Tells Officials in U.S.

Also, dont forget the 9-0 BOE votes for a new rate hike. It think market will keep pricing these expectations in the pound.

GBPJPY uptrend intact for me.
  • #4,898
  • May 25, 2007 1:34am May 25, 2007 1:34am
Quoting 4x_Trader
Buy on dips my friend and lets make lots of money!
Well the previous dip was a real motherf...as usual, scaring the good-will carry traders and feeding the common sell-off comments. Thanx to Cesarnc, I started to see it differently. Bottom fishing again gave me a damn easy 100 pips on GY and 30 on UY Thank you again. Buy at round numbers.
We leave no soldier behind.
  • #4,899
  • May 25, 2007 3:18am May 25, 2007 3:18am
Quoting yezbick
Exact amount unknown, but should have a positive effect. Yes.
hi Yezbick
will you please send the indicators you used and the templet,
....
  • #4,900
  • May 25, 2007 3:26am May 25, 2007 3:26am
Quoting sami772
hi Yezbick
will you please send the indicators you used and the templet,
I'm currently using the following.
Attached File(s)
File Type: ex4 Heiken_Ashi_Smoothed_Alert.ex4   5 KB | 406 downloads
File Type: mq4 Heiken_Ashi_Smoothed_Alert.mq4   5 KB | 392 downloads
File Type: ex4 _Signal_Bars_v6.ex4   54 KB | 439 downloads
File Type: ex4 DIGISTOCH.ex4   18 KB | 438 downloads
File Type: mq4 DIGISTOCH.mq4   20 KB | 416 downloads
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