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Daily GBP/JPY analysis

  • #12,641
  • Aug 3, 2007 7:17am Aug 3, 2007 7:17am
Quoting karmostaji
No comment!

Why no comment?????
  • #12,642
  • Aug 3, 2007 7:19am Aug 3, 2007 7:19am
Quoting Wolf.
It is just my view could be totally wrong.

It is bouncing at this level and I am at +1 again.

To me it is a sgnificant level.
Didn't mean to offend (If I did), just trying to discuss and learn
  • #12,643
  • Aug 3, 2007 7:21am Aug 3, 2007 7:21am
Quoting markam
Why? It is obvious (at least to me) that the US economy is going in the crapper. GJ was going to go down today.
Mate, your sight is keen
"Millionaires don't use astrology, billionaires do"
  • #12,644
  • Aug 3, 2007 7:21am Aug 3, 2007 7:21am
118.50 broken on usd jpy
  • #12,645
  • Aug 3, 2007 7:24am Aug 3, 2007 7:24am
Quoting Majd
Didn't mean to offend (If I did), just trying to discuss and learn
You didn't offend me at all, I am learning just like you and welcome any opinions. Even if they blow me out of the water lol.

Still in by the skin of my teeth!!!

Regards.
  • #12,646
  • Aug 3, 2007 7:26am Aug 3, 2007 7:26am
Quoting markam
Why? It is obvious (at least to me) that the US economy is going in the crapper. GJ was going to go down today.
Completeley agree, If I'm correct, provided that the 241.40 support it's broken, we have the opportunity of another ride to 240.20.

Ado Whether you believe you can do a thing or not, you are right.
  • #12,647
  • Aug 3, 2007 7:26am Aug 3, 2007 7:26am
Quoting Wolf.
Why no comment?????
this support you are talking about might hold for a little while until this beast retraces from this downward move, I see 241.00 next, if broken 40.35 and maximum it may go is 39.70

To each his own, good luck
Trade what you see, not what you think.
  • #12,648
  • Aug 3, 2007 7:28am Aug 3, 2007 7:28am
Quoting Orient_mist
118.50 broken on usd jpy
Missed the shorting opprtunity onthe break of the support line and 23.6 Fibo
  • #12,649
  • Aug 3, 2007 7:28am Aug 3, 2007 7:28am
Quoting karmostaji
this support you are talking about might hold for a little while until this beast retraces from this downward move, I see 241.00 next, if broken 40.35 and maximum it may go is 39.70

To each his own, good luck

u mean 239.70?
  • #12,650
  • Aug 3, 2007 7:29am Aug 3, 2007 7:29am
actually, with usd/jpy falliing and gbp/usd rising, how is g/j goin to move.. will it be hard?
  • #12,651
  • Aug 3, 2007 7:30am Aug 3, 2007 7:30am
Thank you Karmostaji I appreciate you opinion.
  • #12,652
  • Aug 3, 2007 7:32am Aug 3, 2007 7:32am
Quoting Holypendant
actually, with usd/jpy falliing and gbp/usd rising, how is g/j goin to move.. will it be hard?
GU is at a very tough resistance now, if it holds, then it will fall and give GJ the boost it needs
Trade what you see, not what you think.
  • #12,653
  • Aug 3, 2007 7:34am Aug 3, 2007 7:34am
u set ur stoploss at where?
  • #12,654
  • Aug 3, 2007 7:34am Aug 3, 2007 7:34am
Quoting karmostaji
this support you are talking about might hold for a little while until this beast retraces from this downward move, I see 241.00 next, if broken 40.35 and maximum it may go is 39.70

To each his own, good luck
I see next support level @ 240.77 (23.6 of downward wave) then 239.60 (14.6 of downward wave and 38.2 of bigger upward trend starting early March)
  • #12,655
  • Aug 3, 2007 7:36am Aug 3, 2007 7:36am
Quoting Majd
I see next support level @ 240.77 (23.6 of downward wave) then 239.60 (14.6 of downward wave and 38.2 of bigger upward trend starting early March)
you have 2 fibo levels drawn on your chart, I have 3
Trade what you see, not what you think.
  • #12,656
  • Aug 3, 2007 7:38am Aug 3, 2007 7:38am
Quoting karmostaji
you have 2 fibo levels drawn on your chart, I have 3
May I ask what is the third?
  • #12,657
  • Aug 3, 2007 7:39am Aug 3, 2007 7:39am
Quoting Majd
May I ask what is the third?
237.58 to 243.11
Trade what you see, not what you think.
  • #12,658
  • Aug 3, 2007 7:43am Aug 3, 2007 7:43am
probable target for next blast lower 40.91-60 then retrace whole decline me thinks
"Millionaires don't use astrology, billionaires do"
  • #12,659
  • Aug 3, 2007 7:45am Aug 3, 2007 7:45am
Quoting karmostaji
237.58 to 243.11
Aah, the 61.8 of the latest sub-retracement wave
  • #12,660
  • Aug 3, 2007 7:47am Aug 3, 2007 7:47am
Quoting Majd
Aah, the 61.8 of the latest sub-retracement wave
I actually have 2 fibs lying there plus a trendline, which will provide good support
Trade what you see, not what you think.
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