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Daily GBP/JPY analysis

  • #6,341
  • Jun 19, 2007 12:30pm Jun 19, 2007 12:30pm
Quoting Alfa159
yeah thats what i am waiting... because the pair lately was going TOO obvious in uptrend direction... Fibo levels match EXACT and so does the Trend line including the median...
Yup. What do you think of 246,23 as turning level for the fakie?
rgds
t.
always expect the unexpected!
  • #6,342
  • Jun 19, 2007 12:34pm Jun 19, 2007 12:34pm
Quoting tiku
Yup. What do you think of 246,23 as turning level for the fakie?
rgds
t.
well I have a fibonacci extansion level at 246.54
but i am really getting the feeling that the pair wont touch this level... I would say it could if the pair had broken 245.50 level 2-3 hours ago. Not enough momentum..
So If I go long on gJ than i would take 50-60 pips (if i can) and call it a day.
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  • #6,343
  • Jun 19, 2007 4:22pm Jun 19, 2007 4:22pm
hi to all

i have a bought on price 245.58 . what is your analysis on this position ??

my T/P : 245.78 & S/L : 245.00

thanks .
  • #6,344
  • Jun 19, 2007 4:24pm Jun 19, 2007 4:24pm
Quoting moji_profit
hi to all

i have a bought on price 245.58 . what is your analysis on this position ??

my T/P : 245.78 & S/L : 245.00

thanks .
u are buying something impossible . i see only 245.56 as high. what broker u use
  • #6,345
  • Jun 19, 2007 4:29pm Jun 19, 2007 4:29pm
Quoting chaoz
u are buying something impossible . i see only 245.56 as high. what broker u use
my broker is fibo
  • #6,346
  • Jun 19, 2007 4:32pm Jun 19, 2007 4:32pm
In my opinion everything depends on the minutes tomorrow.

I tightened my stops to limit exposure, but still holding on to my longs, just in case.

I personally would support a rate increase with all my heart
Greed and impatience are our greatest enemies.
  • #6,347
  • Jun 19, 2007 4:34pm Jun 19, 2007 4:34pm
Quoting moji_profit
my broker is fibo
My charts show a high of 245.50. If you factor in the spread you could've bought as high as 245.59. Although the trend is strong I would'nt buy until I see a dip. I've been in since 240.33.
  • #6,348
  • Jun 19, 2007 7:12pm Jun 19, 2007 7:12pm
my overbought indicator on MT4 for G/J
just EXPLODED :surprised
taking series 3 and 34
  • #6,349
  • Jun 19, 2007 7:20pm Jun 19, 2007 7:20pm
Not much gonna hapeen till minutes come out. Looks to me like that same thing it did before the BoJ and Fuku news last week.
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  • #6,350
  • Jun 19, 2007 7:36pm Jun 19, 2007 7:36pm
Quoting Sniper
Not much gonna hapeen till minutes come out. Looks to me like that same thing it did before the BoJ and Fuku news last week.
Till? check it 3 hours before.
USD Est Non Mortuus
  • #6,351
  • Jun 19, 2007 7:46pm Jun 19, 2007 7:46pm
What do you guys think the Bank of England's minutes are going to do to this pair?

What is it that everyone is looking for in the minutes to help make a decision on which way to go? Is it the count for the vote?


Thanks,

Frank
  • #6,352
  • Jun 19, 2007 7:57pm Jun 19, 2007 7:57pm
Quoting frank99
What do you guys think the Bank of England's minutes are going to do to this pair?

What is it that everyone is looking for in the minutes to help make a decision on which way to go? Is it the count for the vote?


Thanks,

Frank
It is what is the key to determine the July Hike, Also read this:
http://www.dailyfx.com/story/dailyfx...278771332.html
  • #6,353
  • Jun 19, 2007 8:32pm Jun 19, 2007 8:32pm
I do not think it is going anywhere but down.
I am bored waiting for the break out that will never come I assume. Flattened all. I go to bed now. I am in Europe and its 3:30 at night. If I would stay awake I would like to go short.
Ciao.
t.
always expect the unexpected!
  • #6,354
  • Jun 19, 2007 9:14pm Jun 19, 2007 9:14pm
I was thinking down as well, but with out a break of the trend line or some good PA, it's not one I'm getting into. However, looking at the 1h chart the macd with the stochastic riding it down have come down quite a bit with out it budging. Almost looks like it could be building momentum for another run up.

Minutes could change everything though, so I'm waiting for those myself without a valid signal.
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  • #6,355
  • Jun 19, 2007 9:26pm Jun 19, 2007 9:26pm
GJ is showing signs of weekness and a possible correction. I'm closing my longs and going short if it breaks 244.60. The minutes should proove this one way or the other, but for now I'm tightening my stops.
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  • #6,356
  • Jun 19, 2007 9:38pm Jun 19, 2007 9:38pm
I still think she is going to go up for now. Not ready for the drop just yet. I am still long from 242.56 and 243.84 not going to close them just yet. Will let them close themselves.

((EDIT))

When I say drop mean the "big one" everyone is waiting for. I do think it will consolidate and slow down how ever I don't think the machine will stop just yet.
  • #6,357
  • Jun 19, 2007 11:56pm Jun 19, 2007 11:56pm
Sell, it's right there in front of you.
Follow my advice at your own peril....
  • #6,358
  • Jun 20, 2007 12:29am Jun 20, 2007 12:29am
Quoting str8deals
Sell, it's right there in front of you.
why?
  • #6,359
  • Jun 20, 2007 12:56am Jun 20, 2007 12:56am
Like Sniper said, my guess is that the most likely scenario is the same like last Friday. Asian, European or US traders didnt sell it until now, so this is showing strength. Only if BOE is gonna decide something very bad for GU, which I doubt, right after the minutes im sure its gonna jump up. EUR JPY made a correction, but GY didnt, GU looks bullish. Only if its gonna drop below 244.70-60, I will go short.
We leave no soldier behind.
  • #6,360
  • Jun 20, 2007 2:01am Jun 20, 2007 2:01am
Quoting gagiul
Like Sniper said, my guess is that the most likely scenario is the same like last Friday. Asian, European or US traders didnt sell it until now, so this is showing strength. Only if BOE is gonna decide something very bad for GU, which I doubt, right after the minutes im sure its gonna jump up. EUR JPY made a correction, but GY didnt, GU looks bullish. Only if its gonna drop below 244.70-60, I will go short.
Interesting position at the moment. On the hourly charts the CCi has dropped below 0 and the RSI's are about to (poss) cross 50 level heading south. If we look at the recent moves we have lower highs and lower lows - although the psychological 245 level has just about held.

To the upside the 245.37 fib has held a s a resisitance over the last day or so - with spike above but not holding. I reckon if BOE is 7-2 or above we go long, if not we down.

As for me - out until after the news !
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