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Daily GBP/JPY analysis

  • #301
  • Feb 14, 2007 2:18am Feb 14, 2007 2:18am
yep its comin
I hope 6:50pm JPY GDP q/q (p) http://www.forexfactory.com/images/m...mpact_high.gif
0.9% 0.2%
http://www.forexfactory.com/images/m...l_analysis.gif 6:50pm JPY GDP Deflator y/y http://www.forexfactory.com/images/m...act_medium.gif
-0.5% -0.7%
http://www.forexfactory.com/images/m...l_analysis.gif
it will not react so much pro japan lets see longs still open

happy pipping
  • #302
  • Feb 14, 2007 2:23am Feb 14, 2007 2:23am
Bagged another 40 pips...total 80 pips till now in the northward move. Those who have been going long might have the same result.
  • #303
  • Feb 14, 2007 2:29am Feb 14, 2007 2:29am
GBP Claimant Count Change: due in an hour..

Let us see what effect it will have: +/- 50 pips approx???

Let us watch.
  • #304
  • Feb 14, 2007 3:46am Feb 14, 2007 3:46am
Better get short here with a SAR at 236.80.
  • #305
  • Feb 14, 2007 3:55am Feb 14, 2007 3:55am
The GBP Claimant Count Change shows -13.5K, a massive differnce from the forecast. A falling trend has a positive effect on the nation's currency: that is what the forexfactory helpline says. So this figure is positive for GBP.
SO GBP should rise further. Of course it will go long as per the four hour chart.
But just in very short run the H1 chart shows that it will go short, but by how much cannot be detremined. Or did it go short already as it has gone down by sixty pips. already.

Perhaps BOE news may take the GBP down a bit further.

But definietely the four hour chart says LONG perhaps over 237 and litle above 238 perhaps.

Let us see. I stay long till the four hour chart says :dive
  • #306
  • Feb 14, 2007 4:03am Feb 14, 2007 4:03am
falling unemployment is overshadowed by falling inflationary, wages and price indexes. Inflation report due in 30 mins should confirm and put even more pressure sending gbp/jpy down down down. Just my analysis and time will tell
  • #307
  • Feb 14, 2007 4:04am Feb 14, 2007 4:04am
Quoting simplecoders
The GBP Claimant Count Change shows -13.5K, a massive differnce from the forecast. A falling trend has a positive effect on the nation's currency: that is what the forexfactory helpline says. So this figure is positive for GBP.
SO GBP should rise further. Of course it will go long as per the four hour chart.
But just in very short run the H1 chart shows that it will go short, but by how much cannot be detremined. Or did it go short already as it has gone down by sixty pips. already.

Perhaps BOE news may take the GBP down a bit further.

But definietely the four hour chart says LONG perhaps over 237 and litle above 238 perhaps.

Let us see. I stay long till the four hour chart says :dive
Exactly what I'm seeing also. I'm long until the swing low at 3539 on the 4H is taken out.
  • #308
  • Feb 14, 2007 4:38am Feb 14, 2007 4:38am
Quoting Pickensrulz
falling unemployment is overshadowed by falling inflationary, wages and price indexes. Inflation report due in 30 mins should confirm and put even more pressure sending gbp/jpy down down down. Just my analysis and time will tell
Yes it has moved but as expected by me, just by few pips.
Personally I have not taken advantgae of this downward move as I am day worker, I trade on a four chart.

You cansee now that the GBP is rising again fast
  • #309
  • Feb 14, 2007 4:39am Feb 14, 2007 4:39am
my trade was finished!!!
i bought at 235,89 and stop gains at 236,50 =66 pips!!!
Sorry about my english...
  • #310
  • Feb 14, 2007 4:42am Feb 14, 2007 4:42am
Quoting wep561
Exactly what I'm seeing also. I'm long until the swing low at 3539 on the 4H is taken out.
What I have seen as per the past moves is that it takes more time perhaps 10/12 4H candles to reach the peak for the GBP and five or six candles to go down again.

So may be by tomorrow we can see the peak of GBP before it goes down again
  • #311
  • Feb 14, 2007 4:43am Feb 14, 2007 4:43am
Quoting simplecoders
...
You cansee now that the GBP is rising again fast
To pointing south soon... just take some steam... a Bear trap...
  • #312
  • Feb 14, 2007 4:44am Feb 14, 2007 4:44am
Quoting CIORIMAU--
my trade was finished!!!
i bought at 235,89 and stop gains at 236,50 =66 pips!!!
There is still potential for another sixty pips approx.
  • #313
  • Feb 14, 2007 4:47am Feb 14, 2007 4:47am
Quoting dswk
To pointing south soon... just take some steam... a Bear trap...
Possible.. if you are talking about H1 chart.

On a 4H chart it is LONG
On a D1 chart it is LONG

SO it depends on what time frame you are working with
  • #314
  • Feb 14, 2007 5:21am Feb 14, 2007 5:21am
Quoting Pickensrulz
falling unemployment is overshadowed by falling inflationary, wages and price indexes. Inflation report due in 30 mins should confirm and put even more pressure sending gbp/jpy down down down. Just my analysis and time will tell

The BOE report has pushed the cross past my stop and if this stays above 236.30 for the next 3 hours I'll be looking to pickup longs around 236.40/50.
  • #315
  • Feb 14, 2007 5:46am Feb 14, 2007 5:46am
It is safe to put the TP at maximum 237.25 to 237.30.
The maximum expected to go up is 237.50 approx.
For safe side 20 pips less.( 237.50-.20)

It is just my reading
  • #316
  • Feb 14, 2007 6:51am Feb 14, 2007 6:51am
Took advantage of some short term indicators that said go LONG.
235.79 closed at 236.17 (2 lots) +76
235.96 closed at 237.17 (2 lots) +42
236.07 closed at 236.50 (2 lots) +86
236.25 closed at 236.50 (2 lots) +50
Waiting to see the news results after New York Open.
  • #317
  • Feb 14, 2007 8:45am Feb 14, 2007 8:45am
Quoting Barry Huddlesto
Took advantage of some short term indicators that said go LONG.
235.79 closed at 236.17 (2 lots) +76
235.96 closed at 237.17 (2 lots) +42
236.07 closed at 236.50 (2 lots) +86
236.25 closed at 236.50 (2 lots) +50
Waiting to see the news results after New York Open.

I think it is 236.17

Good batting, Congrats!
  • #318
  • Feb 14, 2007 2:43pm Feb 14, 2007 2:43pm
Barry,do you only trade this par?

congratulations
Sorry about my english...
  • #319
  • Feb 14, 2007 4:25pm Feb 14, 2007 4:25pm
Less than 2 hours later "JPY GDP q/q (p)" and "GDP Deflator y/y" release
Waiting for JPY performace
With Regards, MKTrader Not Risk Not Gain!
  • #320
  • Feb 14, 2007 4:29pm Feb 14, 2007 4:29pm
Anyone have thoughts on how this news will effect usdjpy and eurjpy?

Quoting MKTrader
Less than 2 hours later "JPY GDP q/q (p)" and "GDP Deflator y/y" release
Waiting for JPY performace
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