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Daily GBP/JPY analysis

  • #8,441
  • Jul 17, 2007 12:26am Jul 17, 2007 12:26am
The earthquake happened yesterday (July 16) at around 10am Japan time (would be 1am GMT). I know, I felt it here.

Any effect it might have, probably already passed.
  • #8,442
  • Jul 17, 2007 12:54am Jul 17, 2007 12:54am
Quoting LazyPip
The earthquake happened yesterday (July 16) at around 10am Japan time (would be 1am GMT). I know, I felt it here.

Any effect it might have, probably already passed.
dont say like this !
gbp jpy should go down and see 247.36 !
12 pm we have gbp news that want to be powerful :d
and today too atentive : forcast of usd news ... usd want to go down for a while ...
this is reason to empower of yourself ...this one should go down ....

some of next reason is this ...
now this is second time that GJ did not break the line 248.70....
then should go down and down ....
byebye costly moments.
  • #8,443
  • Jul 17, 2007 2:03am Jul 17, 2007 2:03am
Quoting persian.forex
short down, long up
  • #8,444
  • Jul 17, 2007 2:07am Jul 17, 2007 2:07am
Quoting aqibsherwani
for me GBP/JPY is SHORT big time in the next few days. I am short already. For the last couple of days the range has been very small. It will break to downside soon in my opinion.
way to go, we need more shorts to cover my positions
  • #8,445
  • Jul 17, 2007 2:14am Jul 17, 2007 2:14am
Quoting BaasHarm!

whats?
  • #8,446
  • Jul 17, 2007 2:16am Jul 17, 2007 2:16am
Quoting BaasHarm!
way to go, we need more shorts to cover my positions

do you are riant always?
  • #8,447
  • Jul 17, 2007 3:16am Jul 17, 2007 3:16am
Quoting persian.forex
do you are riant always?
Only when I'm getting bored in slow markets like this.

I'm having a blast reading throught the newbie posts but I know that makes me a bit obnoxious at times.
  • #8,448
  • Jul 17, 2007 3:22am Jul 17, 2007 3:22am
80% up
20% down
with others forcasts... yea?

+
short down, long up
=
bloody funny to me


I have to go now, wifey wants to spend some noob cash
  • #8,449
  • Jul 17, 2007 3:33am Jul 17, 2007 3:33am
And another short shakeout: UK inflation higher than expected!
  • #8,450
  • Jul 17, 2007 3:58am Jul 17, 2007 3:58am
Cha Ching! Long rules again!
  • #8,451
  • Jul 17, 2007 4:02am Jul 17, 2007 4:02am
What is the cause of the E/J weakness these days?? Is it truely following the U/J bearish tone?
  • #8,452
  • Jul 17, 2007 4:19am Jul 17, 2007 4:19am

PUSH IT UP !!!!!

"Analysis Is Hard But Trade Is Easy"
  • #8,453
  • Jul 17, 2007 4:20am Jul 17, 2007 4:20am
bout time. now we wait and tp in the 251-252 range...


Quoting fixme1too
we are starting to really look long... with a hold on this 30min bar and a break above 248.40's with a close there and we should be long we are already above the daily pivot, and last weeks close along the todays open 250's should be over the horizon....
  • #8,454
  • Jul 17, 2007 4:25am Jul 17, 2007 4:25am
News pressed the GU higher, and the GJ said "I wanna play!"

The 248.92 and 249.00 line is being pressured, and the next obstacle will be the 249.17 resistance from 1992, we break above that line and open a new candle above, then the 250.00 and beyond will be opened up for sure.

Looks like that Open above 248.40 on the 30 minutes that Fixme1too was talking about was a indication that LONG was about to go once again.

Now the US NEWS is next in 3 hours.

It would be nice to see the UJ come alive and retrace upward to the 123.13/20 area.
  • #8,455
  • Jul 17, 2007 4:29am Jul 17, 2007 4:29am
Quoting monarch
News pressed the GU higher, and the GJ said "I wanna play!"

The 248.92 and 249.00 line is being pressured, and the next obstacle will be the 249.17 resistance from 1992, we break above that line and open a new candle above, then the 250.00 and beyond will be opened up for sure.

Looks like that Open above 248.40 on the 30 minutes that Fixme1too was talking about was a indication that LONG was about to go once again.

Now the US NEWS is next in 3 hours.
That is right, however the T/P range from Fixme1too is broad (251-252).
What is your point as for T/P ?
(BTW, appreciate your advice very much.)
  • #8,456
  • Jul 17, 2007 4:32am Jul 17, 2007 4:32am

PUSH !!!!!

"Analysis Is Hard But Trade Is Easy"
  • #8,457
  • Jul 17, 2007 4:39am Jul 17, 2007 4:39am
Quoting trader8686
That is right, however the T/P range from Fixme1too is too broad (251-252).
What is your point as for T/P ?
I have no problem with the target areas in the 251-252 that Fixme1too is talking about, you may be looking at the smaller picture here, and the 250.00 level.

Fixme1too trades a little larger term, and I am comfortable and accustomed to his perspective.

I can see 250.00 as a quick hit here on the Longs, but I can see this thing going up for a bit more than that, but each trader has their own target areas they are comfortable with, I may be Long at times, and Short at time in all these waves and retraces, but the Long will pay off for sure in all this madness.

My short term target is the 250.00 for now, but I can see 251.56 then 253.13 area in a broader view, and 260.00 areas possibly by the end of the year (1100 pips). Remember we were at 221.00 in March of this year (2800 pips), so it has potential.

For now I will target the 250.00, the Fibo Extension is 250.05 on my count, after that, I will evaluate it once again.

Hope that helps.
  • #8,458
  • Jul 17, 2007 4:46am Jul 17, 2007 4:46am

YEAH !!!!!

"Analysis Is Hard But Trade Is Easy"
  • #8,459
  • Jul 17, 2007 4:49am Jul 17, 2007 4:49am
Quoting monarch
Long will pay off for sure in all this madness.

no its insanity
"Analysis Is Hard But Trade Is Easy"
  • #8,460
  • Jul 17, 2007 4:54am Jul 17, 2007 4:54am
Okay, we broke above the recent 248.92 line set last week, and were above the 249.00 line now.

The next area of importance is the 249.17 which is a high dating back from August of 1992. I am watching now as were pushing against this line, the important factor is close of candles above these areas, for now Fixme1too is basing candle factors on a 30 minute. I am use to the 4 hour candle only, so will watch both the 30 min - 1 hour and 4 hour closing candles, which I have been posting the data on for the past day here.

4 Hour Candle Closed 5am EST
Open 248.27
High 248.83
Low 247.99
Close 248.75
Distance 84 pips
Range 248.41

New Candle 5am EST
Open 248.76
High 249.20 (as of 6am EST)
Low 248.69 (as of 6am EST)
Distance 44 pips (still in progress)
Range


30 MINUTE CANDLE
5:00-5:30 am EST
Open 248.76
Close 248.88

5:30 - 6:00 am EST
Open 248.89
Close 249.09 (closed above the high 248.92 and the 249.00 lines, and spiked through 249.17)

The high is at 249.20 which is 3 pips above the key level to breach 249.17, now lets see if the 30 min or hourly can open above this level during this session today.
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