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Daily GBP/JPY analysis

  • #6,581
  • Jun 25, 2007 6:20am Jun 25, 2007 6:20am
speaking for myself I hjaven't got the foggiest. Wait to see what US does.
quote of the day: . It's like deja-vu all over again
  • #6,582
  • Jun 25, 2007 6:25am Jun 25, 2007 6:25am
I think it should come down ( sell ) to 246.45-50 again ...
byebye costly moments.
  • #6,583
  • Jun 25, 2007 6:26am Jun 25, 2007 6:26am
I'm still thinking we have quite a ways to go downward before we see a resumption of the up trend. I think we'll see a few fireworks through the NY session, then another mini rally through Tokyo as the housewives have their fun then another further push downward.

I think you'll catch some pips long during the Tokyo session, but would tread carefully outside of that. I think if we see a break of 246, we'll see a big break.
  • #6,584
  • Jun 25, 2007 6:27am Jun 25, 2007 6:27am
Quoting OrionsWay
Long = buy the front of the pair GBP/jpy
Short= sell the front of the pair GBP/jpy
Thank you ,... But i can not see any short sell .. 246.70 ...
it should come back ... but I can not say anything...
byebye costly moments.
  • #6,585
  • Jun 25, 2007 6:30am Jun 25, 2007 6:30am
Quoting Gmak
speaking for myself I hjaven't got the foggiest. Wait to see what US does.
Thats what I am doing. Should the numbers for house sales come in under expectation I am shorting. As this may set the risk aversion ball truly on it's way. Added to that should it do that, then I see the house wives jumping on the bandwagon in the morning with the Asian and Aussie sessions.

Quoting smikester
A few other pairs seem to be issuing confusing signals this morning. Either that, or my brain (or gut) is seizing up.
And that's why I am out for now. Though with regards to the swissy crosses I am paying careful attention to the UN sanctions and Iran situation. When that whole debacle started I coined it quite nicely. Andy further aggression from Iran and I am sold into the crosses.

On a whole I think we have reached a tipping point we just need a little patience to see which way the markets go. There are just so many things stacking up now. Might just observe this week in the end unless the only indicator I use (My opinion) forms some resolve about the whole situation.
  • #6,586
  • Jun 25, 2007 6:32am Jun 25, 2007 6:32am
Quoting Sniper

And that's why I am out for now. Though with regards to the swissy crosses I am paying careful attention to the UN sanctions and Iran situation. When that whole debacle started I coined it quite nicely. Andy further aggression from Iran and I am sold into the crosses.
Last rumours on Iran caused a big dollar selloff instead of carry trades selloff. Carries bouncing while GU went up and UJ went down...

I favour shorting the USD instead of the carries in this particular case.
  • #6,587
  • Jun 25, 2007 6:36am Jun 25, 2007 6:36am
It was a bad trade for me ... today I loos some money
byebye costly moments.
  • #6,588
  • Jun 25, 2007 6:38am Jun 25, 2007 6:38am
everyone and his dog is waiting for US to start selling (IMO)
quote of the day: . It's like deja-vu all over again
  • #6,589
  • Edited 6:41am Jun 25, 2007 6:40am | Edited 6:41am
Quoting cesarnc
Last rumours on Iran caused a big dollar selloff instead of carry trades selloff. Carries bouncing while GU went up and UJ went down...

I favour shorting the USD instead of the carries in this particular case.
I meant sold into the Swissy crosses not the Dragons (I like that name for the JPY)
  • #6,590
  • Jun 25, 2007 6:41am Jun 25, 2007 6:41am
yes , every one wait for USD to start selling ....
but I have a question ... if Usd come down .... we should buy GBP JPY or sell ?

sorry to this question ... I am not a professional trader ...
byebye costly moments.
  • #6,591
  • Jun 25, 2007 6:41am Jun 25, 2007 6:41am
Quoting cesarnc
Last rumours on Iran caused a big dollar selloff instead of carry trades selloff. Carries bouncing while GU went up and UJ went down...

I favour shorting the USD instead of the carries in this particular case.

whats iran news??
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  • #6,592
  • Jun 25, 2007 6:43am Jun 25, 2007 6:43am
Quoting 1000USD
yes , every one wait for USD to start selling ....
but I have a question ... if Usd come down .... we should buy GBP JPY or sell ?

sorry to this question ... I am not a professional trader ...

if USD starts selling across the board I suspect we should sell USD.

GBP/JPY may well be bolstered by the GBP/USD going upwards.
quote of the day: . It's like deja-vu all over again
  • #6,593
  • Jun 25, 2007 6:45am Jun 25, 2007 6:45am
246.45 support still holding

Appears to be range bound between 246.72 and 246.45

US markets should give it some direction here shortly.
  • #6,594
  • Jun 25, 2007 6:46am Jun 25, 2007 6:46am
Quoting wahidshad
whats iran news??
http://news.google.com/ Just go there and type in Iran. You'll see. Remember when the world goes to war they dump money in the safe haven that is the swissy. Go through the Swissy charts and look at the day the US moved into Iraq you'll see what I mean
  • #6,595
  • Jun 25, 2007 6:46am Jun 25, 2007 6:46am
Oh thank you so much for your instruction .... we can not say go up or down before it .... but e now maybe usd come down .... sell usd ....
byebye costly moments.
  • #6,596
  • Jun 25, 2007 6:52am Jun 25, 2007 6:52am
Quoting Sniper
http://news.google.com/ Just go there and type in Iran. You'll see. Remember when the world goes to war they dump money in the safe haven that is the swissy. Go through the Swissy charts and look at the day the US moved into Iraq you'll see what I mean
exellent...
byebye costly moments.
  • #6,597
  • Jun 25, 2007 6:54am Jun 25, 2007 6:54am
Quoting Sniper
http://news.google.com/ Just go there and type in Iran. You'll see. Remember when the world goes to war they dump money in the safe haven that is the swissy. Go through the Swissy charts and look at the day the US moved into Iraq you'll see what I mean
oh, yes i see, USD SELL, i think

Iran Invites UN Atomic Agency Inspectors to Tehran (Update1)
Bloomberg - 26 minutes ago
By Jonathan Tirone June 25 (Bloomberg) -- A team of United Nations atomic inspectors is preparing to travel to Iran on the invitation of the country's top security chief to break the stalemate over the Islamic Republic's nuclear work.
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  • #6,598
  • Jun 25, 2007 6:57am Jun 25, 2007 6:57am
Quoting Sniper
I meant sold into the Swissy crosses not the Dragons (I like that name for the JPY)
Excellent
  • #6,599
  • Jun 25, 2007 7:15am Jun 25, 2007 7:15am
If the DX sells off it wont be far maybe 81.90's where it will be bought hard. just opinion
"Millionaires don't use astrology, billionaires do"
  • #6,600
  • Jun 25, 2007 7:28am Jun 25, 2007 7:28am
And so it looks as if, after a cagey start to the week, there could be lots of price action. I just had a look at the calendar. Lots of red icons.
Gone to a better place
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