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Daily GBP/JPY analysis

  • #8,141
  • Jul 10, 2007 8:24am Jul 10, 2007 8:24am
Thanks smikester.
  • #8,142
  • Jul 10, 2007 8:36am Jul 10, 2007 8:36am
Stops at 247.50 got hit today. Took out all my longs from the 245-246.50 area for a modest profit. Hopefully we'd see a nice correction down to the daily trendline support in the 243s to load up the long truck again. But I guess that depends a bit on the BoJ comments on the rate decision, amongst others.
  • #8,143
  • Jul 10, 2007 8:39am Jul 10, 2007 8:39am
Quoting imbiber
I don't have access to charts at work.
http://www.forex-markets.com/quotes.htm
  • #8,144
  • Jul 10, 2007 8:40am Jul 10, 2007 8:40am
Now I get it...

A bit too late an information, though

11:38 The USS Enterprise carrier group is to replace the Nimitz, so not an addition to the Persian Gulf contingent

Can we go back to 248, then?
  • #8,145
  • Jul 10, 2007 8:56am Jul 10, 2007 8:56am
http://blog.tmcnet.com/blog/tom-keat...e-run-2003.jpg

http://home.globalcrossing.net/%7Evariable/clyde1.jpg

http://cache.boston.com/bonzai-fba/G...81798_6269.jpg

http://farm1.static.flickr.com/56/12...09fc5a03ab.jpg
loving yen.

another $$great week$$ for traders.
BAM BAM BOOM! -bravado
  • #8,146
  • Jul 10, 2007 9:18am Jul 10, 2007 9:18am
crap, i hate when this happens. sudden drop in the yen crosses due to BS. Meanwhile GU and EU made new highs. Damn damn damn I hate yen crosses sometimes.
We leave no soldier behind.
  • #8,147
  • Jul 10, 2007 9:23am Jul 10, 2007 9:23am
Quoting bravado

http://farm1.static.flickr.com/56/12...09fc5a03ab.jpg
loving yen.

another $$great week$$ for traders.
That's gay. Too much too gay.
  • #8,148
  • Jul 10, 2007 9:26am Jul 10, 2007 9:26am
Quoting gagiul
crap, i hate when this happens. sudden drop in the yen crosses due to BS. Meanwhile GU and EU made new highs. Damn damn damn I hate yen crosses sometimes.
I'm with you, wasn't expecting it at all.. lol
Trade what you see, not what you think.
  • #8,149
  • Jul 10, 2007 9:28am Jul 10, 2007 9:28am
First time I've seen the dollar being traded so heavily across the board and yet the GJ and EJ going down non-stop.

Mix of carry unwinding with dollar dumping. Not usual, but what the hell. That's forex. Living and learning (and chewing drawdowns).
  • #8,150
  • Jul 10, 2007 9:29am Jul 10, 2007 9:29am
Originally Posted by gagiul http://www.forexfactory.com/images/buttons/viewpost.gif
crap, i hate when this happens. sudden drop in the yen crosses due to BS. Meanwhile GU and EU made new highs. Damn damn damn I hate yen crosses sometimes.

Gagiul,

Or anyone else who might have an opinion. Could you elaborate on what you mean by "BS" (news? something else?). I'm trying to understand what is happening and why.

Thanks
  • #8,151
  • Jul 10, 2007 9:56am Jul 10, 2007 9:56am
http://www.unofficialbmw.com/images/..._front_big.jpg

+

http://www.walnutcirclegrill.com/images/Margaritas.jpg

+

http://www.nolacuisine.com/wp-images...ed%20Cross.jpg

+

http://www.pjcj.net/yapc/yapc-eu-200...images/irs.jpg

+

http://www.villa-sinclair.com/spa/03...at_sunrise.jpg
BAM BAM BOOM! -bravado
  • #8,152
  • Jul 10, 2007 9:57am Jul 10, 2007 9:57am
Quoting cesarnc
That's gay. Too much too gay.
pips after pips. profit after profit.

heh.
BAM BAM BOOM! -bravado
  • #8,153
  • Jul 10, 2007 10:07am Jul 10, 2007 10:07am
Quoting cesarnc
First time I've seen the dollar being traded so heavily across the board and yet the GJ and EJ going down non-stop.

Mix of carry unwinding with dollar dumping. Not usual, but what the hell. That's forex. Living and learning (and chewing drawdowns).
Hoping to touch 248 area again,...
Have many longs scattered from the the heavy dump,...
  • #8,154
  • Jul 10, 2007 11:08am Jul 10, 2007 11:08am
I closed out some of my longs and refilled.

I thought it would retraced by now to 248+ level but it hasnt.

I guess I have to chew on the drawdown till it retrace on G/J
  • #8,155
  • Jul 10, 2007 12:26pm Jul 10, 2007 12:26pm
plz help me

can i take long from here 247.30
  • #8,156
  • Jul 10, 2007 12:31pm Jul 10, 2007 12:31pm
Quoting scorpion_2006
plz help me

can i take long from here 247.30
that would not be a good idea, unless u are scalping.
  • #8,157
  • Jul 10, 2007 12:53pm Jul 10, 2007 12:53pm
Quote From Fxcm

[he risk is now for JPY crosses after heavy NZD/JPY selling overnight and the reports of large leveraged account selling in EUR/JPY that could fuel sentiment for more profit-taking in those crosses. Despite the FX market speculation of a hawkish BOJ, it appears that the JGB market however, is now more dovish. (rs)

They also mentioned something about the COT report in regards to jpy crosses. Anybody have info on that?
  • #8,158
  • Jul 10, 2007 1:09pm Jul 10, 2007 1:09pm
Correct me if im wrong.

But is this article saying that traders are selling Yen pairs to jump on to the NZD/Yen pair?

And to compund the issue a large investment (maybe Buffet) is selling the EUR/YEN to just increase speculation of JPY cross sell?


Quoting goodthings
Quote From Fxcm

[he risk is now for JPY crosses after heavy NZD/JPY selling overnight and the reports of large leveraged account selling in EUR/JPY that could fuel sentiment for more profit-taking in those crosses. Despite the FX market speculation of a hawkish BOJ, it appears that the JGB market however, is now more dovish. (rs)

They also mentioned something about the COT report in regards to jpy crosses. Anybody have info on that?
  • #8,159
  • Jul 10, 2007 2:45pm Jul 10, 2007 2:45pm
246.30 around, next 246. i think
  • #8,160
  • Jul 10, 2007 2:46pm Jul 10, 2007 2:46pm
like a buy 246
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