Auslanco - GBP/JPY and GBP/USD (newstrade)
The same formation on UJ reversed nicely and fell 140 points on freaky friday heh
nice chart titus
keep up your good workhttp://qsmile.com/qsimages/83.gif
yes peaches
as always markam's viewpoint is very good.
the U.S.D was the first an offering to the idol by an economic slowdown and credit crunch and FED has been more aggressive After seven straight cuts totally 3.25 percentage points since September then its european peers in cutting borrowing costs .
with look in play divergence in growth and interest rate cycles ,maybe maybe this was a key reason behind the big rally in treasurys last year...
i think a real players is Treasurys in FX market in the next months.
conditions regretful of U.S.D maybe stage a strong comeback for in the next months ,with new viewpoint of investors and players markets on its rebound against the EURO and the CABLE no SUSHI .
1-economic data are suggesting that the EURO-ZONE and U.K aren't immune to the U.S downturn .
2-my viewpoint about hike rate by ECB:this hike rate by ECB is mistake because with push inflation pressures we will see a slowdown growth in the EURO-ZONE and .....
3-raising the likelihood of recession in EURO and U.K
4-raising the likelihood of cut rates by ECB and BOE in the next time
5-with cut rates by ECB and BOE we will see change in the yield curve.
6- on the other hand ,with a rebound in U.S growth and rising inflation pressures we must wait for a hike rate by FED,with a hike rate by FED ,Bonds' value tends to increase .
attention we have seen in debt markets in U.S and Japan that the market has not yet priced .
my consideration is if the U.K moving into recession and also the EURO-ZONE ,we will see Bonds in these countries will outperform U.S . and Japan Treasurys .
now with attention above cases :
we will see EURUSD IN 1.50XX OR 1.48XX in the next weeks also GBPUSD IN 1.90XX OR 1.85XX but USDYEN IN 102.XX OR 103.XX
FOR TECHNICAL ANALYSIS
in the weekly candle chart GJ we see a bearish tri star candlestick pattern
this is interesting since three past weeks open and close price were only in range 40 pips.at any rate this pattern is very rare .
i can not find this pattern since 1999 till this time .
i see below 200.xx or even make a new low for GJ
HAVE A GOOD WEEK FOR BEAR CAMP
BEAT REGARDS
HUSSIN
hi all,
usd/jpy monthly chart, 3 h&s formations since 1988, every time we saw a retracement back to the 38.2
now we have touched 38.2 again on this possible shoulder
102 is support area
when 102 is broken then target 90 and lower
just a scalpers view on a monthly chart, lol
Cheers Lilmoe, how you doing buddy?
just got back home.
hey there! did u enjoy your weekend?
ps: sorry for the late reply, i was "enjoying" my day off
hope everyone had a good, enjoyable weekend!
Q, Malcomb, pkimnyc, jerry, hussin, karmo, peaches, shahroodi, que, rusty.... and everyone else, WUSSUP!!!!!!!
Closed 3/4 position from 210.98-211.50 for 50 pips. . . . Letting the other 1/4 ride, will close it out @ 211.70 or until +1 SL get hit. . .
Happy Sunday All!
hope everyone had a good, enjoyable weekend!
Q, Malcomb, pkimnyc, jerry, hussin, karmo, peaches, shahroodi, que, rusty.... and everyone else, WUSSUP!!!!!!!
Closed 3/4 position from 210.98-211.50 for 50 pips. . . . Letting the other 1/4 ride, will close it out @ 211.70 or until +1 SL get hit. . .
Happy Sunday All!
hope everyone had a good, enjoyable weekend!
Q, Malcomb, pkimnyc, jerry, hussin, karmo, peaches, shahroodi, que, rusty.... and everyone else, WUSSUP!!!!!!!
