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Daily GBP/JPY analysis

  • #5,361
  • Jun 4, 2007 7:59am Jun 4, 2007 7:59am
Quoting shadeslay
down down, down it goes, where it stops no body knows.

Starting to pick up some momentum now.
Yeah, get ready to hit 221 by the end of the week. The apocalypse began now.
We leave no soldier behind.
  • #5,362
  • Jun 4, 2007 8:02am Jun 4, 2007 8:02am
nevermind
  • #5,363
  • Jun 4, 2007 8:04am Jun 4, 2007 8:04am
Quoting gagiul
Yeah, get ready to hit 221 by the end of the week. The apocalypse began now.
  • #5,364
  • Jun 4, 2007 8:11am Jun 4, 2007 8:11am
Quoting gagiul
Yeah, get ready to hit 221 by the end of the week. The apocalypse began now.
I hope so that would be a great spot to probably buy in at.
  • #5,365
  • Jun 4, 2007 8:35am Jun 4, 2007 8:35am
Quoting cesarnc
Look for preemptive selling in the carry trades ahead of NYSE open. China had a monster negative session, not spreaded to Europe, the latter trading negative, but way far from the Chinese slump.

Preemptive selling in the carries + no-selloff in NYSE = bottom fishers paradise.
Preemptive selling came. Now it's about the bulls in wall street. Dow Jones opening -44. Last -31
  • #5,366
  • Jun 4, 2007 8:56am Jun 4, 2007 8:56am
grr my long got stopped out with that spike down. gotta put more buys in now!
  • #5,367
  • Jun 4, 2007 9:07am Jun 4, 2007 9:07am
out of gj longs.
BAM BAM BOOM! -bravado
  • #5,368
  • Jun 4, 2007 9:20am Jun 4, 2007 9:20am
Quoting bravado
out of gj longs.
GU is topping for the time being, probably make a retracement, UY I hope will consolidate around 121.70 so GY will provide us with some good bottoms for the bottom lovers.
We leave no soldier behind.
  • #5,369
  • Jun 4, 2007 9:26am Jun 4, 2007 9:26am
Quoting gagiul
GU is topping for the time being, probably make a retracement, UY I hope will consolidate around 121.70 so GY will provide us with some good bottoms for the bottom lovers.
not sure about gj doing down just yet. i still fav continuing up from 241.90.
just felt like getting out. more pips to be made throughout the week.
BAM BAM BOOM! -bravado
  • #5,370
  • Jun 4, 2007 10:03am Jun 4, 2007 10:03am
is anyone selling some GY to me around here? I lost the dip before and wanna enter at a good price in the market...damn, this monster seems unstoppable.
We leave no soldier behind.
  • #5,371
  • Jun 4, 2007 10:09am Jun 4, 2007 10:09am
Looks like it trying to go through the daily high @ 242.45.

If this doesn't break then we may see some buying opportunities at lower prices.

If it does break 243 may be possible.

  • #5,372
  • Jun 4, 2007 10:12am Jun 4, 2007 10:12am
Quoting gagiul
is anyone selling some GY to me around here? I lost the dip before and wanna enter at a good price in the market...damn, this monster seems unstoppable.
Train has left the station

My buy limit missed yesterday's bottom by a few pips, too. So I reloaded with today's...

Stay tuned on those quick selloffs before key stock market sessions (China/NYC)... As soon as the market sees no panic spreading, the Yen pairs stop and reverse
  • #5,373
  • Jun 4, 2007 10:26am Jun 4, 2007 10:26am
I was following GBPJPY this morning for a London Open Breakout type of trade but this beast took off at match-3 without letting me hop onboard
  • #5,374
  • Jun 4, 2007 10:57am Jun 4, 2007 10:57am
got in at 242.50. maybe a little late, but hope it wont take me out...
We leave no soldier behind.
  • #5,375
  • Jun 4, 2007 11:19am Jun 4, 2007 11:19am
you're late-it will fade from there
buy again as price goes around 242.1 or even 241.9
  • #5,376
  • Jun 4, 2007 11:35am Jun 4, 2007 11:35am
Quoting NewstraderFX
you're late-it will ( ) fade from there
buy again as price goes around 242.1 or even 241.9
GU looks toppish, indeed. But UJ is still licking the wounds from the morning's USD selloff. Late NYC is an usual YEN seller, so I'm much more 243 than 241 for the remaining session.
  • #5,377
  • Jun 4, 2007 11:41am Jun 4, 2007 11:41am
Price hit the 200 fib level so I took profit there-i'm looking for a re-test of the 1786 level (former resistance now support) for a chance to get long again
Attached Image (click to enlarge)
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  • #5,378
  • Jun 4, 2007 11:42am Jun 4, 2007 11:42am
With the Chinese market having dropped down today, the Chinese market would most probably end up in the green tomorrow as they buy back the shares again...so that should again be good for the JPY crosses...
  • #5,379
  • Jun 4, 2007 11:42am Jun 4, 2007 11:42am
d@mn, got few lots at 241.85 short, not it shoot to 242.40-60 range.

What is going on here? It was down down down, start by UJ hitting 122.50's area. Though that it is a downhill session...
  • #5,380
  • Jun 4, 2007 12:18pm Jun 4, 2007 12:18pm
Zamans,
I am sorry to say this but you could do great by studying the supports and resistances and all that b4 jumping into a buy or a sell...just my two cents...
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