Daily GBP/JPY analysis | Forex Factory

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Daily GBP/JPY analysis

  • #1
  • First Post: Feb 6, 2007 9:18pm Feb 6, 2007 9:18pm
The Duke says if you're not trading GBP/JPY right now you need to start. This is an incredibly high-yielding situation, but how long it will last, I don't know. I have copious analysis on this pair because I've been making silly money with it of late, but I wouldn't be surprised if others have as well. Let's get together and analyze it, for fun and profits.
"The time to act is when others show signs of tire." --W.D. Gann
  • #2
  • Feb 6, 2007 9:26pm Feb 6, 2007 9:26pm
I guess a lot depends on what will be said in the G7 meeting. However, here's a chart showing a key support. Unless it is broken, this can be a good place to go long. What do you think?
Attached Image
  • #3
  • Feb 6, 2007 9:35pm Feb 6, 2007 9:35pm
While I'm not a big afficianado of one system or another, 4hr vegas combined with candlestick analysis seems okay on this one, and screw the G7, get your money this week:
Attached Image
"The time to act is when others show signs of tire." --W.D. Gann
  • #4
  • Feb 6, 2007 9:38pm Feb 6, 2007 9:38pm
Been long since 236.10 and staying that way...
"The time to act is when others show signs of tire." --W.D. Gann
  • #5
  • Feb 6, 2007 9:39pm Feb 6, 2007 9:39pm
Quoting dukeofdents
Been long since 236.10 and staying that way...
duke,
i have a nice buy signal on this pair with the 10 and 20 MA's crossing up over the 50.
cant post chart

what do you think?
Pipple
  • #6
  • Feb 6, 2007 9:48pm Feb 6, 2007 9:48pm
BUY! BUY! BUY!

I do not give individual financial advice. Any information I disseminate is completely general, and based on your specific situation, may result in a gain or loss of money. I am not, nor do I claim to be, a certified financial advisor. The securities, equities, and futures markets carry a high degree of risk only warranted by your own tolerance for that risk. Kids, don't try this at home...
"The time to act is when others show signs of tire." --W.D. Gann
  • #7
  • Feb 6, 2007 10:01pm Feb 6, 2007 10:01pm
Quoting dukeofdents
BUY! BUY! BUY!

I do not give individual financial advice. Any information I disseminate is completely general, and based on your specific situation, may result in a gain or loss of money. I am not, nor do I claim to be, a certified financial advisor. The securities, equities, and futures markets carry a high degree of risk only warranted by your own tolerance for that risk. Kids, don't try this at home...


i feel the same way was taking it no matter what ya said
  • #8
  • Feb 6, 2007 10:03pm Feb 6, 2007 10:03pm
I guess you have to give a disclaimer to keep from getting sued, at least that's what all the infomercial gurus told me when I went to infomercial guru class...
"The time to act is when others show signs of tire." --W.D. Gann
  • #9
  • Feb 6, 2007 10:07pm Feb 6, 2007 10:07pm
Then again, since nobody knows who I really am, it would be pretty hard to sue me. I hope to have a forex infomercial and my own bucket shop/brokerage someday, since I can't make any real money actually doing it...
"The time to act is when others show signs of tire." --W.D. Gann
  • #10
  • Feb 6, 2007 10:23pm Feb 6, 2007 10:23pm
dukeofdents, I was wondering where you've been for the past month. Kinda been missing ya. Are brokers offering reload bonuses now?
Mr. Trend
  • #11
  • Feb 6, 2007 10:53pm Feb 6, 2007 10:53pm
Quoting dukeofdents
While I'm not a big afficianado of one system or another, 4hr vegas combined with candlestick analysis seems okay on this one, and screw the G7, get your money this week:
looking at that chart, looks like the highs are getting lower and the lows are getting lower
  • #12
  • Feb 6, 2007 11:24pm Feb 6, 2007 11:24pm
Quoting dukeofdents
Been long since 236.10 and staying that way...
shoulda went long @ 200.00!! still kickin myself!!
"i wake up in the morning, and i piss excellence"
  • #13
  • Feb 6, 2007 11:57pm Feb 6, 2007 11:57pm
I'm glad someone started a thread on this pair. It's my favorite pair. We have a love hate relationship, lol.

Long @ 236.79. I got crushed with a long this morning.
  • #14
  • Feb 7, 2007 12:14am Feb 7, 2007 12:14am
small short 237.24
  • #15
  • Feb 7, 2007 12:27am Feb 7, 2007 12:27am
iam agree with a duke statment (The Duke says if you're not trading GBP/JPY right now you need to start ) cause my money at forex up to 100% trade at g/j very naice
  • #16
  • Feb 7, 2007 12:55am Feb 7, 2007 12:55am
something to ponder.... if you put an indicator such as bunnygirl that will plot the daily open 0:00gmt, the price will hover around it for at most 4 hours, then rocket off for 50-100 pips. it does it every single day.....

my favorite pair.
  • #17
  • Feb 7, 2007 1:49am Feb 7, 2007 1:49am
Just the kind of thread I've been waiting for.
There may be some minor resistance around the current price (237.40) but it's bullish all the way.
Aren't all the pound pairs bullish?
  • #18
  • Feb 7, 2007 2:45am Feb 7, 2007 2:45am
was long since 235.86, closed at 237.05...looking for a retracement so i can climb upto 240 on this pair.

Note: this is not a call and should not be misconstrued to be one.

Dollar-Manhttp://www.forexfactory.com/images/icons/dollar.gif
  • #19
  • Feb 7, 2007 2:48am Feb 7, 2007 2:48am
I am trading this pair for few months now and had some good trades.

I am long sice 236.35 and my first target is around 238.60.
  • #20
  • Feb 7, 2007 3:04am Feb 7, 2007 3:04am
The only thing I dislike about the GBP/JPY (as well as the EUR/JPY) is that its trend has divided loyalties. Sometimes the trend will follow that of the USD/JPY while the GBP/JPY goes in the opposite direction and at other times the whole scenerio is the exact opposite with it following the GBP/JPY trend while the USD/JPY goes in the opposite direction. The tendency to follow the trend of either pair can change all of a sudden. Has anyone else noticed this?
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