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Daily GBP/JPY analysis

  • #7,701
  • Jul 2, 2007 2:16am Jul 2, 2007 2:16am
but i gor 113pip. its ok for me.
  • #7,702
  • Jul 2, 2007 2:31am Jul 2, 2007 2:31am
Quoting maksudur rahman
but i gor 113pip. its ok for me.

yes

Plan your trade and trade your plan



The japanese dragon is awaken

now, look to the movement here , if it touch 247.00 again it will confirm of the low of last wave, which is wave 3 of a big wave C, if it's not, then wave 3 is still unfolding

Many thanks
  • #7,703
  • Edited 2:56am Jul 2, 2007 2:37am | Edited 2:56am
Quoting Clusterwise
yes

Plan your trade and trade your plan



The japanese dragon is awaken

now, look to the movement here , if it touch 247.00 again it will confirm of the low of last wave, which is wave 3 of a big wave C, if it's not, then wave 3 is still unfolding

Many thanks
247.00 is critical point which should not be exceeded
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  • #7,704
  • Jul 2, 2007 2:37am Jul 2, 2007 2:37am
JPY crosses begin to sell off here
  • #7,705
  • Jul 2, 2007 3:11am Jul 2, 2007 3:11am
How far is it going to drop?

I have some shorts on this one
246.22 now
  • #7,706
  • Jul 2, 2007 3:14am Jul 2, 2007 3:14am
Quoting TheRas
How far is it going to drop?
Waiting for close below 50% fib on last weeks move back up
  • #7,707
  • Jul 2, 2007 3:14am Jul 2, 2007 3:14am
Quoting TheRas
How far is it going to drop?

I have some shorts on this one
246.22 now

243.65
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  • #7,708
  • Jul 2, 2007 3:17am Jul 2, 2007 3:17am
Quoting Sniper
Waiting for close below 50% fib on last weeks move back up

Still has not closed past the 38 fib yet from the same move. Double top forming if it keeps this up
  • #7,709
  • Jul 2, 2007 3:24am Jul 2, 2007 3:24am
master cesar,... sir bravado,... any comments?
im curretly long 246.30,...
  • #7,710
  • Jul 2, 2007 3:43am Jul 2, 2007 3:43am
I am not one of those GBP trading legends, but suggest you move your SL to b/e as we have a db top and this pair is likely to move down a few hundred pips soon - even if it is just a major retrace and no unwinding
Consistency and patience is everything
  • #7,711
  • Jul 2, 2007 3:51am Jul 2, 2007 3:51am
Quoting plicksboy
master cesar,... sir bravado,... any comments?
im curretly long 246.30,...
i thing JPY will go down 245.oo then will up
  • #7,712
  • Jul 2, 2007 3:54am Jul 2, 2007 3:54am
Well, IMHO piercing that 38 fibo looks to me as a sign for a trip to 50 fibo level - im short for at least 30 pips.
  • #7,713
  • Jul 2, 2007 3:54am Jul 2, 2007 3:54am
Quoting Geldmeister
I am not one of those GBP trading legends, but suggest you move your SL to b/e as we have a db top and this pair is likely to move down a few hundred pips soon - even if it is just a major retrace and no unwinding
Took profit at 246.65,...
Thanks,...
  • #7,714
  • Jul 2, 2007 3:55am Jul 2, 2007 3:55am
Bounce bounce bounce.

Like it says almost ready for me to long. Whats changed fundamentally since last week?

Not much IMO

Up
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  • #7,715
  • Jul 2, 2007 3:57am Jul 2, 2007 3:57am
Quoting maksudur rahman
i thing JPY will go down 245.oo then will up
We are on the third wave , and the pattern is LD continuation pattern and it would take us 500 points at least from the nearst top


I have advised to sell the pair last week last trading day, just wishing you the best as I wish it to my self

good luck for the sellers

Man thanks
  • #7,716
  • Jul 2, 2007 3:57am Jul 2, 2007 3:57am
LONG truck waiting at highway 244.75...
  • #7,717
  • Jul 2, 2007 3:58am Jul 2, 2007 3:58am
Quoting plicksboy
master cesar,... sir bravado,... any comments?
im curretly long 246.30,...
  • #7,718
  • Jul 2, 2007 3:59am Jul 2, 2007 3:59am
Quoting zamans98
LONG truck waiting at highway 244.75...
Agree loading it now. Will send it on it's way when the tide is right
  • #7,719
  • Jul 2, 2007 4:02am Jul 2, 2007 4:02am
Dollar is being smashed again.

Just added another small position in GJ, not so confident. Waiting for UJ to test the trendline in the daily chart.

GU looks happy at 0100s
  • #7,720
  • Jul 2, 2007 4:05am Jul 2, 2007 4:05am
241 for today, and i will buy if only hit there
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