Daily GBP/JPY analysis | Page 303 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

GBP/JPY, GBP/USD, and EUR/USD (technical analysis) 3,084 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

Adwa Daily GBP/JPY analysis 23 replies

Attachments: Daily GBP/JPY analysis
Exit Attachments

Daily GBP/JPY analysis

  • #6,041
  • Jun 14, 2007 4:43am Jun 14, 2007 4:43am
Quoting Gmak
Melpheos

I'm having trouble with my maths.

On my mini account I get around $0.81 per pip per mini lot.

After a thousand pips negative my account would be -$810.00

On the same account I get a swap rate of $2.05 per mini lot

if I held for negative 1000 pips it would take me 396 days to recoup my losses.
I don't see anything wrong with your maths
But I would consider switching over to a broker that pays you at least 25$/lot GBPJPY
  • #6,042
  • Jun 14, 2007 5:07am Jun 14, 2007 5:07am
Hello,

how do you guys suppose, will we see GBP/JPY and USD/JPY move further north. I think it will go up this year for sure, but am not sure if during the coming say week it will move up nicely or take some retracements (which direction is more possible?).

Will appreciate any feedback.

Regards

Mike
  • #6,043
  • Jun 14, 2007 5:24am Jun 14, 2007 5:24am
Better watch US data and market, the latter the main driver recently. As the major theme has been US interest rate bias, today's PPI will have its weight.

I'm now out of the market and on UJ, I'm a buyer at the 100 hours EMA, an usual good level to go in.... Bias is now cracking 123, but going long now is not a favourable R:R, for me.
  • #6,044
  • Jun 14, 2007 5:25am Jun 14, 2007 5:25am
I've picked up 260 pips longing this baby over the past two days. I'm out now until Dow opens, though. Another green kick off and I'm in for another long, with the expectation of seeing a new monthly high and a challenge of 243.00.

I'd imagine we'll float around 241.90-242.20 until that time, though, so i'm just going to wait it out.
  • #6,045
  • Jun 14, 2007 5:53am Jun 14, 2007 5:53am
as i said, technically you're right. but i think you're underestimating the message from RBNZ and you're forgetting that, even with limited resources, it is still a central bank (i can't think of anyone who would want a war with a central bank... can you?). i'm not saying that g-j will drop right now because of nzd, i'm just saying that nzd is a reason for a short on g-j. when time comes, of course.

Quoting gagiul
Dear Scrat, I looked at NZD Jpy (this is what u meant right?) What should I see? Normally I dont trade it, but I see it made a retrace at 38 and now going back up. yeah there was the fall due to the bank intervention, but this didnt scare anyone, it seems. Besides, it is said that the New Zealand bank doesnt have much capital for intervention, so another one soon is not likely.

Now, I also have the worm of fear inside me, that it will fall, but my logic telles me to relax. It just fell 400 pips which were quickly recovered. Also UK CPI got out bad and market still went up. Besides, UY made new highs, after a long time. Technically I dont see any solid reason for GY to fall, and fundamentally, everything seems to be fine. Probably in the near future will make another retracement, but why start selling from now when you dont have the slightest clue it will really start going down? When you see it go down for real, you sell. Now it is just 100 pips below the recent high.

If you'd like, I would really enjoy if u explain your reasons. Maybe I dont see something. Thanx.

My only fear is the current divergence in moves between GU and UY, but for now UY seems to be the leader.
Nihil Sine Deo.
  • #6,046
  • Jun 14, 2007 6:13am Jun 14, 2007 6:13am
Quoting BaasHarm!
You might want to check your maths, it is more like 3.2 pips/day
ho yes sorry i was counting in minilot pips ^^ thanks for pointing this mistake.

my math was totally wrong, woopsy ^^
  • #6,047
  • Jun 14, 2007 6:32am Jun 14, 2007 6:32am
hi guys...back again for today....as called by me yesterday, EURJPY went up by 90-100 pips so far....feel that GBPUSD would go down...thats what my system days though...
  • #6,048
  • Jun 14, 2007 6:36am Jun 14, 2007 6:36am
what other brokers offer good swap for GJ? i use IBFX and it gives $20.55 per standard lot.

and it also has a 9 pip spread for guppy. I think i need to change brokers
  • #6,049
  • Jun 14, 2007 6:42am Jun 14, 2007 6:42am
Quoting ns_karthik
hi guys...back again for today....as called by me yesterday, EURJPY went up by 90-100 pips so far....feel that GBPUSD would go down...thats what my system days though...
... hmm.. feeling that too, but what is your prediction?

I'm seeing 1.9650-75 today.
  • #6,050
  • Jun 14, 2007 6:48am Jun 14, 2007 6:48am
Quoting zamans98
... hmm.. feeling that too, but what is your prediction?

I'm seeing 1.9650-75 today.

it could again be 90-100 pips but not today alone....today it could be 30-40 pips....or who knows?? it may rise as well....but a drop of atleast 50 pips over the next couple of days is my thinking....
  • #6,051
  • Jun 14, 2007 7:28am Jun 14, 2007 7:28am
Quoting ns_karthik
it could again be 90-100 pips but not today alone....today it could be 30-40 pips....or who knows?? it may rise as well....but a drop of atleast 50 pips over the next couple of days is my thinking....
Do you suppose that thus GBP/USD should fall a now, the GBP/JPY is also going down in a few hours, days? I read your blog (very interesting), however the situation is so dynamic I would appreciate someones competent opinion. for the moment.

Regards

Mike
  • #6,052
  • Jun 14, 2007 7:54am Jun 14, 2007 7:54am
well GBPJPY is not so straightforward cos if GU goes down, usually UJ goes up taking GJ with it....so it is not so easy and straighforward. GJ is at the crossroads and for me, it has to go thru 243.00 for it to be a good long again....at this point, it can go either way...
  • #6,053
  • Jun 14, 2007 8:04am Jun 14, 2007 8:04am
Quoting ns_karthik
well GBPJPY is not so straightforward cos if GU goes down, usually UJ goes up taking GJ with it....so it is not so easy and straighforward. GJ is at the crossroads and for me, it has to go thru 243.00 for it to be a good long again....at this point, it can go either way...

Thank you, that claers a lot.

Mike
  • #6,054
  • Jun 14, 2007 8:17am Jun 14, 2007 8:17am
GBPJPY extremely flat-lined today. I was looking for a London Open Breakout type of trade this morning but it didnt quite shape up.
  • #6,055
  • Jun 14, 2007 9:24am Jun 14, 2007 9:24am
Shouldnt we be cautious on placing buys on U/j G/j E/j until we know WHEN the interest rate news come from BOJ and what it will be?

Anyone have any idea if it stays the same or hike chances?

Maybe a serious carry unwind is unfolding with Yen at record lows!
  • #6,056
  • Jun 14, 2007 9:36am Jun 14, 2007 9:36am
Quoting ns_karthik
hi guys...back again for today....as called by me yesterday, EURJPY went up by 90-100 pips so far....feel that GBPUSD would go down...thats what my system days though...
trying to predict the market is not a very good idea (in particular for GBPYEN)

If the market want to go down, you will know it.
  • #6,057
  • Jun 14, 2007 9:45am Jun 14, 2007 9:45am
Quoting newjersey24
Shouldnt we be cautious on placing buys on U/j G/j E/j until we know WHEN the interest rate news come from BOJ and what it will be?

Anyone have any idea if it stays the same or hike chances?

Maybe a serious carry unwind is unfolding with Yen at record lows!
You are right, waiting untill after the BOJ statement would be wise. I'm maintaining fairly large GBJPY & CADJPY long positions. I might scale down a bit but will be looking to add in case of no hike.
BOJ not lifting rates is a fairly save bet ATM. Data from japan has been mixed, inflation, wages and consumer spending are not where BOJ need to see them to raise rates. And with the upcoming elections, there's plenty of political pressure not to hike. And BOJ has a history of hawkish statements without following them through.

So no hike and a continuation of the carry next week!!!!!
  • #6,058
  • Jun 14, 2007 9:45am Jun 14, 2007 9:45am
Hello everybody

Iīm seeing this pair (USD/JPY) in a overbought area in time frame H4, and USD/CHF in D1, do you agree with me? For USD/JPY in D1 isnīnt yet, so Iīm confused. By H4 system MACD, open this hour the second red candle. What you think about?
Sorry for this ask isnīt in the apropriate threat, but I didnīnt see another for this pair.

Thanks
  • #6,059
  • Jun 14, 2007 10:16am Jun 14, 2007 10:16am
We are in M15 ichimoku cloud, so it's normal that the pair is not moving, it can stays there for a few more hour or decide to do something as the cloud is very tight.

Support is at 241.85 241.50 and 240.8 area
  • #6,060
  • Jun 14, 2007 10:22am Jun 14, 2007 10:22am
i don't know how reliable is ichimoku on small time frames, i've noticed that it has to be used on h4 and above to give you some good signals.

Quoting melpheos
We are in M15 ichimoku cloud, so it's normal that the pair is not moving, it can stays there for a few more hour or decide to do something as the cloud is very tight.

Support is at 241.85 241.50 and 240.8 area
Nihil Sine Deo.
3 traders viewing now