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Daily GBP/JPY analysis

  • #6,881
  • Jun 26, 2007 2:46am Jun 26, 2007 2:46am
Quoting dimmi
Is everyone going long again?
not yet
  • #6,882
  • Jun 26, 2007 2:48am Jun 26, 2007 2:48am
Quoting dimmi
Is everyone going long again?
short at 60 - who would trade against this trend ? - unless your just grabbing a few pips. I am more interested in where we think the next level of support is. The pattern is a large drop then recover of 30/40 pips, then down.

On the dailys I have a 38.2 fib at 244.50 from the base of the last major run up. If we stay true to todays form then we shoudl be heading south again sometime around 60/65 - imho.
  • #6,883
  • Jun 26, 2007 2:50am Jun 26, 2007 2:50am
**JAPAN EQUITIES**Japanese stocks fell for a third straight session Tuesday as traders sold exporter and trading house issues following an overnight decline on Wall Street.
The Nikkei 225 index fell 21.37 points, or 0.12 percent, to 18,066.11 points on the Tokyo Stock Exchange. The index shed 0.56 percent Monday.




**CHINA EQUITIES**Chinese stocks rose Tuesday, rebounding from earlier losses as investors snapped up bargains and foreign-currency B shares.The benchmark Shanghai Composite Index gained 0.8 percent to 3,973.37, after an initial 3.1 percent fall. The index had dropped a combined 6.8 percent Friday and Monday.


The Shenzhen Composite Index of China's smaller, second market rose 1.6 percent to 1,145.47.
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  • #6,884
  • Jun 26, 2007 2:52am Jun 26, 2007 2:52am
Quoting musicman007
short at 60 - who would trade against this trend ? - unless your just grabbing a few pips. I am more interested in where we think the next level of support is. The pattern is a large drop then recover of 30/40 pips, then down.

On the dailys I have a 38.2 fib at 244.50 from the base of the last major run up. If we stay true to todays form then we shoudl be heading south again sometime around 60/65 - imho.
trend?
  • #6,885
  • Jun 26, 2007 2:54am Jun 26, 2007 2:54am
Quoting benssol
trend?
Based on Bagavino
  • #6,886
  • Jun 26, 2007 2:55am Jun 26, 2007 2:55am
Quoting cesarnc
Plutonite at his trading desk:
LOL close, right now I put the crystal ball away to make room for this:
http://www.westvegas.com/food/STEAK.JPG
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #6,887
  • Jun 26, 2007 2:57am Jun 26, 2007 2:57am
Quoting musicman007
short at 60 - who would trade against this trend ? - unless your just grabbing a few pips. I am more interested in where we think the next level of support is. The pattern is a large drop then recover of 30/40 pips, then down.

On the dailys I have a 38.2 fib at 244.50 from the base of the last major run up. If we stay true to todays form then we shoudl be heading south again sometime around 60/65 - imho.

hmm........interesting........I am not sure 244.50 is today. I have not seen when GBY/YEN has gone more than 300 pips in a day without any news.
  • #6,888
  • Jun 26, 2007 2:58am Jun 26, 2007 2:58am
rise late and this happens.

goody.

seems we have a (small) bounce off a confluence of 38.5 fib and 365ema(1hr) in UJ.

If this breaks suggest next level to breach will be around 244.7
quote of the day: . It's like deja-vu all over again
  • #6,889
  • Jun 26, 2007 2:58am Jun 26, 2007 2:58am
Quoting benssol
trend?
short term trend...
  • #6,890
  • Jun 26, 2007 3:01am Jun 26, 2007 3:01am
http://www.forexfactory.com/showthre...t=35372&page=3

I think that in a few hours it may go boom.
  • #6,891
  • Jun 26, 2007 3:05am Jun 26, 2007 3:05am
GBPJPY trade closed on UJ resistance. Will reopen when GU bears show their balls. Will be Back 3 hours from now to see if USDJPY worth buying again.

Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #6,892
  • Jun 26, 2007 3:09am Jun 26, 2007 3:09am
Hmmm
Attached Image
  • #6,893
  • Jun 26, 2007 3:09am Jun 26, 2007 3:09am
Quoting Sniper
http://www.forexfactory.com/showthre...t=35372&page=3

I think that in a few hours it may go boom.
Is that Boom UP. or Boom Down ?????
  • #6,894
  • Jun 26, 2007 3:10am Jun 26, 2007 3:10am
Quoting musicman007
Is that Boom UP. or Boom Down ?????
see above post
  • #6,895
  • Jun 26, 2007 3:13am Jun 26, 2007 3:13am
Quoting Sniper
Hmmm
Looks like my truck

  • #6,896
  • Jun 26, 2007 3:15am Jun 26, 2007 3:15am
Quoting cesarnc
Looks like my truck

Hahaha yeah it happened to my truck too. But hey I have always wanted to go cow tipping
  • #6,897
  • Jun 26, 2007 3:27am Jun 26, 2007 3:27am
Explains it's self
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  • #6,898
  • Jun 26, 2007 3:33am Jun 26, 2007 3:33am
sell for 245.00
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  • #6,899
  • Jun 26, 2007 3:43am Jun 26, 2007 3:43am
If he gets involved all shorts are stuffed.
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  • #6,900
  • Jun 26, 2007 3:53am Jun 26, 2007 3:53am
currently up nice pipis.

sweet sweet yen.

http://gloucestercitynews.typepad.co...s_up_two_3.jpg

such as myself.
BAM BAM BOOM! -bravado
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