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Daily GBP/JPY analysis

  • #7,081
  • Jun 27, 2007 1:49am Jun 27, 2007 1:49am
02:30JPY crosses under full assault - I know we've seen it before, but this feels like a carry trade massacre
  • #7,082
  • Jun 27, 2007 1:52am Jun 27, 2007 1:52am
Quoting Sniper
02:30JPY crosses under full assault - I know we've seen it before, but this feels like a carry trade massacre

Adding in : Markets finally breathe and the selling subsides. It will be very interesting to see if the carry bears give it another go.

Carry bear?
  • #7,083
  • Jun 27, 2007 1:54am Jun 27, 2007 1:54am
Quoting zamans98
Adding in : Markets finally breathe and the selling subsides. It will be very interesting to see if the carry bears give it another go.

Carry bear?
It's like Winnie the pooh only with a bigger wallet
  • #7,084
  • Jun 27, 2007 2:01am Jun 27, 2007 2:01am
Ok were up and running

added long YEN 122.60

open positions
long YEN 122.80...................OPEN
long GBP 9984......................OPEN

Breeze
  • #7,085
  • Jun 27, 2007 2:01am Jun 27, 2007 2:01am
Quoting Sniper
It's like Winnie the pooh only with a bigger wallet
Yeah, that what I have in mind too...
my BUY STOP didn't hit (243.75)...
  • #7,086
  • Jun 27, 2007 2:02am Jun 27, 2007 2:02am
My feeling is London traders will ride it up a bit, shake out some stops, then she will continue to go down.
  • #7,087
  • Jun 27, 2007 2:07am Jun 27, 2007 2:07am
long at 224.20. TP somewhere in the heavens(i.e price action pending).

Good luck guys.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #7,088
  • Jun 27, 2007 2:08am Jun 27, 2007 2:08am
Quoting fx yogi
My feeling is London traders will ride it up a bit, shake out some stops, then she will continue to go down.
I tend to agree with Yogi.

Looking for a level of retracement, then re-enter shorts. Have seen some key reversal bars on several timeframes on JPY pairs so the retrace may be significant, although GJ has already bounced 80+ pips off the low.

G-Man
  • #7,089
  • Jun 27, 2007 2:10am Jun 27, 2007 2:10am
anyone else seeing this going back up based on a 1H chart daily is of course down just woundering what others are seeing
  • #7,090
  • Jun 27, 2007 2:13am Jun 27, 2007 2:13am
Quoting Plutonite
long at 224.20. TP somewhere in the heavens(i.e price action pending).

Good luck guys.
wow, congrats... that's about 2000 pips you got there...

or was it 244.20?
  • #7,091
  • Jun 27, 2007 2:14am Jun 27, 2007 2:14am
Quoting PipJunkie
anyone else seeing this going back up based on a 1H chart daily is of course down just woundering what others are seeing
Retracement is likely, but we could have had most of it.

Just need to wait for another signal, whether long or short.

G-Man
  • #7,092
  • Jun 27, 2007 2:15am Jun 27, 2007 2:15am
Quoting zamans98
wow, congrats... that's about 2000 pips you got there...

or was it 244.20?
  • #7,093
  • Jun 27, 2007 2:19am Jun 27, 2007 2:19am
Dropping again.

Watch the action closely as we approach precious lows.

G-Man
  • #7,094
  • Jun 27, 2007 2:26am Jun 27, 2007 2:26am
Could have some 1-2-3 bottoms formed on lower timeframes for JPY pairs.

Might be worth putting in some buy orders above previous retrace highs.

G-Man
  • #7,095
  • Jun 27, 2007 2:27am Jun 27, 2007 2:27am
Quoting G-Man
Dropping again.

Watch the action closely as we approach precious lows.

G-Man
UJ down and GU down as well.
It should be the other way round, UJ down, GU up... LOL

But China Equities is in BLACK, not RED.
  • #7,096
  • Jun 27, 2007 3:00am Jun 27, 2007 3:00am
All gone a bit quiet now.

Boo hoo.

G-Man
  • #7,097
  • Jun 27, 2007 3:03am Jun 27, 2007 3:03am
Quoting G-Man
All gone a bit quiet now.

Boo hoo.

G-Man
It needs some rest before going further down and then bump up. If it stays below 245.40 within the next hour, there is no reason why it would not go down.

But with japanese mama, who can know ^^
  • #7,098
  • Jun 27, 2007 3:09am Jun 27, 2007 3:09am
Hello guys,

looks like uj is close to support and uj is a weather bell for gj. I suppose the correction is to end maybe tomorrow also looking on the 1day stoch which is in a good position to look out for a buy in the dip.
What do you think?

Regards

Mike
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  • #7,099
  • Jun 27, 2007 3:16am Jun 27, 2007 3:16am
Quoting Michael O.
Hello guys,

looks like uj is close to support and uj is a weather bell for gj. I suppose the correction is to end maybe tomorrow also looking on the 1day stoch which is in a good position to look out for a buy in the dip.
What do you think?

Regards

Mike
I agree
  • #7,100
  • Jun 27, 2007 3:44am Jun 27, 2007 3:44am
Quite now
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