Daily GBP/JPY analysis | Page 707 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

GBP/JPY, GBP/USD, and EUR/USD (technical analysis) 3,084 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

Adwa Daily GBP/JPY analysis 23 replies

Attachments: Daily GBP/JPY analysis
Exit Attachments

Daily GBP/JPY analysis

  • #14,121
  • Nov 21, 2007 8:56am Nov 21, 2007 8:56am
Quoting arezab
dear friends, I'm new to this thread, actually I found it today. I'm trading this pair since 4 mounts ago. unfortunately I made a big mistake and now ....
you cant imagine what I'm gonna say now ... I have a hedged position with -1350 pips .... actually I hedged it today after the big fall and 224 break.

Anyone has any idea or suggestion what should I do now?
should I keep the hedge position until 219 or may be lower?
Is there any possibility for this pair to return to 237 area again?


I need your help , thank you.

Go short with more lots than long...maybe...
  • #14,122
  • Nov 21, 2007 8:57am Nov 21, 2007 8:57am
Quoting Zoran
Since we have broken the 224 support, I wouldn't expect this retracement to go much higher than it before continuing south to 221/220. Either 223.8 is it or perhaps one more spike to around 224.00 is all I expect (224.5 is max).
Good stuff, I had a spike to 223.90 as the high.
Patience + Humility + Study = Success
  • #14,123
  • Nov 21, 2007 10:32am Nov 21, 2007 10:32am
Quoting DutchTrader
Good stuff, I had a spike to 223.90 as the high.
So far but today pays triple interest so I wouldn't be surprised if it spikes up again. Price is currently bouncing off a trendline on the weekly so it wont break easily and I suspect bulls are buying off the line and waiting to collect interest.
  • #14,124
  • Nov 21, 2007 10:35am Nov 21, 2007 10:35am
Quoting Zoran
So far but today pays triple interest so I wouldn't be surprised if it spikes up again. Price is currently bouncing off a trendline on the weekly so it wont break easily and I suspect bulls are buying off the line and waiting to collect interest.
I am also bullish Inače šta ima novo kod tebe
  • #14,125
  • Nov 21, 2007 11:05am Nov 21, 2007 11:05am
Quoting mijamoto
I am also bullish Inače šta ima novo kod tebe
Only 5 more posts and you'll be able to send me a PM.

I'm bearish (longer term) but I expect price to bounce between the purple line sitting at 224 and the red one now sitting at about 222.68. I suppose scalps will be ok.
Attached Image (click to enlarge)
Click to Enlarge Name: guppy30min.gif Size: 13 KB
  • #14,126
  • Nov 21, 2007 1:36pm Nov 21, 2007 1:36pm
GJ will will climb to support level 224.87 from support 3 level at 222.38 from the prediction of indicator that i used.Hope it will climb to that level. Because i have long at 222.38
  • #14,127
  • Nov 21, 2007 3:07pm Nov 21, 2007 3:07pm
Just wondering why Gj not sellling off as aggresively as DOW selling off..
And following charts, it looked that GJ was actively trying resist going down to 222 again...
Looks like someone with deep pockets was very working very hard to keep the GJ afloat.
Anone has any ideas why it is has been so difficult for GJ to drop today in the last 5 hours..it didnt drop as much as i had anticipated given the momentum it had this morning ..

Sri
  • #14,128
  • Nov 21, 2007 3:22pm Nov 21, 2007 3:22pm
Quoting sri
Just wondering why Gj not sellling off as aggresively as DOW selling off..
And following charts, it looked that GJ was actively trying resist going down to 222 again...
Looks like someone with deep pockets was very working very hard to keep the GJ afloat.
Anone has any ideas why it is has been so difficult for GJ to drop today in the last 5 hours..it didnt drop as much as i had anticipated given the momentum it had this morning ..

Sri
Japan's Prime Minister released a statemtn recently warning currency speculators (us) to be careful. I am sure they are trying to prevent Yen strength. So, be careful!
Gone to a better place
  • #14,129
  • Nov 21, 2007 3:29pm Nov 21, 2007 3:29pm
Quoting smikester
Japan's Prime Minister released a statemtn recently warning currency speculators (us) to be careful. I am sure they are trying to prevent Yen strength. So, be careful!

Recently....you mean last week...or today?
  • #14,130
  • Nov 21, 2007 3:52pm Nov 21, 2007 3:52pm
Quoting smikester
Japan's Prime Minister released a statemtn recently warning currency speculators (us) to be careful. I am sure they are trying to prevent Yen strength. So, be careful!

Where did you read about this?
  • #14,131
  • Nov 21, 2007 4:44pm Nov 21, 2007 4:44pm
What's usuall coleration betwen GBP/JPY and dow jones and is there any other significant coleration beacuse i am new to this pair. I never used it before;o And what are the key economic news which can raise volatility .
  • #14,132
  • Nov 21, 2007 9:43pm Nov 21, 2007 9:43pm
when would gj come down to 219 any one can tell us
  • #14,133
  • Nov 21, 2007 9:46pm Nov 21, 2007 9:46pm
Quoting gelkassas
when would gj come down to 219 any one can tell us

No one can tell you. as no one know where the market will move. if that person can predict them movement so well, do you think he will be here talking with us? And beware if he can really move the market.
  • #14,134
  • Nov 22, 2007 4:05am Nov 22, 2007 4:05am
Quoting ccmike
Recently....you mean last week...or today?
This was published in the London Financial Times among others

Currency has strengthened too far, too fast

By Michiyo Nakamoto in Tokyo
Published: November 13 2007 02:00 | Last updated: November 13 2007 02:00

The yen's appreciation against the US dollar is threatening to become another stumbling block for Japan's already faltering economy.
Yasuo Fukuda, the Japanese prime minister, yesterday told the Financial Times that the yen had risen too far, too fast and warned speculators to be "careful" as the yen broached Y110 to the dollar for the first time since May 2006.
The quick rise - from around Y115 to the dollar a little more than a week ago - triggered concerns that the strength of the yen would hurt exporters and sparked a sell-off in Japanese stocks that yesterday took the Nikkei average down 2.5 per cent to 15,197.09.
Coming as it does at a time when the outlook for sustained growth is wobblier, a stronger yen - or weaker dollar - is the last thing the Japanese economy needs.
"The domestic economy is weak. Construction activity is weak and consumption is running out of steam. So if the dollar weakens on top of that, there is a greater risk of the Japanese economy losing ground," said Hiromichi Shirakawa, chief economist at Credit Suisse in Tokyo.
The fear is that Japan's recovery, which has so far been supported largely by exports to the US and Asia, will be derailed by a stronger yen.
It is not just that the higher yen will make Japanese exports less competitive. The real worry is that what is causing the dollar to fall - the growing possibility of a US slowdown - is bad news for Japanese companies that depend on the US economy for a large part of their earnings.
Gone to a better place
  • #14,135
  • Nov 22, 2007 5:55am Nov 22, 2007 5:55am
Quoting sri
Just wondering why Gj not sellling off as aggresively as DOW selling off..
And following charts, it looked that GJ was actively trying resist going down to 222 again...
Looks like someone with deep pockets was very working very hard to keep the GJ afloat.
Anone has any ideas why it is has been so difficult for GJ to drop today in the last 5 hours..it didnt drop as much as i had anticipated given the momentum it had this morning ..

Sri

You got it right...there was hard manipulation by PPT and Japanese government folks..soo all that we experienced with charts counts to nothing but patience and taking losses and waiting for the PPT to loose fuel untill they no longer will be able to control it and we are sooner and sooner getting close to charts what they actually mean
  • #14,136
  • Nov 22, 2007 6:26am Nov 22, 2007 6:26am
Quoting smikester
This was published in the London Financial Times among others

Currency has strengthened too far, too fast

By Michiyo Nakamoto in Tokyo
Published: November 13 2007 02:00 | Last updated: November 13 2007 02:00


The quick rise - from around Y115 to the dollar a little more than a week ago - triggered concerns that the strength of the yen would hurt exporters and sparked a sell-off in Japanese stocks that yesterday took the Nikkei average down 2.5 per cent to 15,197.09.
Coming as it does at a time when the outlook for sustained growth is wobblier, a stronger yen - or weaker dollar - is the last thing the Japanese economy needs.
It is not just that the higher yen will make Japanese exports less competitive. The real worry is that what is causing the dollar to fall - the growing possibility of a US slowdown - is bad news for Japanese companies that depend on the US economy for a large part of their earnings.


So i hope BOJ intervene .....and i will buy GJ,UJ,EJ for long term
  • #14,137
  • Nov 22, 2007 6:42am Nov 22, 2007 6:42am
Quoting mynor5535101
So i hope BOJ intervene .....and i will buy GJ,UJ,EJ for long term
I don't understand? Even if / when the BOJ intervenes, what good would it do in the long run? If the US economy is slowing or collapsing, the BOJ can pump every single yen that they have and print up even more and it still will not do any good. They will have to look / diversify into other markets to help sustain / increase their economy. Carry trades will always be around as long as there is a huge disparity in the interest rate differentials. (IMHO)
Humble Lifetime Member
  • #14,138
  • Nov 22, 2007 7:48am Nov 22, 2007 7:48am
Hi Duke, i saw your message that you have been making silly money thru GBP/JPY,really? i ran away from it cos it cause a big loss on my money.Pls, can you just tell me how you go about it? cos i found your message interesting.Thanks, Cheers
  • #14,139
  • Nov 22, 2007 8:02am Nov 22, 2007 8:02am
Quoting Ash
I don't understand? Even if / when the BOJ intervenes, what good would it do in the long run? If the US economy is slowing or collapsing, the BOJ can pump every single yen that they have and print up even more and it still will not do any good. They will have to look / diversify into other markets to help sustain / increase their economy. Carry trades will always be around as long as there is a huge disparity in the interest rate differentials. (IMHO)
The news above is the guideline for me to make profit form the forex trade.That is the most important thing to me.
  • #14,140
  • Nov 22, 2007 8:51am Nov 22, 2007 8:51am
hey guys do you see the market. It seems nobody out there wants to trade this pair anymore. its almost 6 hours that this pair doesn't move at all. It's a little bit strange specially for GJ. Is it anything wrong or we are waiting any important news ? actually I've never seen like this.
Discipline + Patience - Fear - Greed = Success
9 traders viewing now