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Daily GBP/JPY analysis

  • #361
  • Feb 15, 2007 3:39am Feb 15, 2007 3:39am
god, gbpusd took a real beating...
I am just here to talk nonsense =D
  • #362
  • Feb 15, 2007 3:40am Feb 15, 2007 3:40am
Quoting Zarul Shahrin
to be honest this move doesn't benefit me at all, I left my order running without SL last night, but I forgot about the JPY news, my TP was at 1.3730 about 6 pips above yesterday high, so it wasn't hit.. As a result I got a negative 100 pips this morning...But I didn't close after seeing USDJPY and everything seems to point for upper movement though we will probably seeing a GBP negative news later...
Zarul,

this is USD JPY quotation...right. So did u long on GBP and is still active?
  • #363
  • Feb 15, 2007 3:43am Feb 15, 2007 3:43am
Will it go below 235.23??? It should not, let us see
  • #364
  • Feb 15, 2007 4:04am Feb 15, 2007 4:04am
caught a straddle short at 235.95 after the news. I think the balance of the gbp/jpy lies with the gbp/usd....The yen is strengthening and looks to continue.

Ah as I speak the sell off continues.. 234.70/80 is the last hope before it turns ugly.
  • #365
  • Feb 15, 2007 4:09am Feb 15, 2007 4:09am
i want go long on GBP/JPY any idea?
SPEED SPEED SPEED
  • #366
  • Feb 15, 2007 4:13am Feb 15, 2007 4:13am
Quoting ali_ekrami
i want go long on GBP/JPY any idea?
I wouldn't open any long position now as it's falling like a rock, I don't want to get hit by the rock.

IMO wait for breakout back to the north before long.
  • #367
  • Feb 15, 2007 4:13am Feb 15, 2007 4:13am
Quoting ali_ekrami
i want go long on GBP/JPY any idea?
Better to stay off for a while at least till the US news which is due in another 3 hours approx
  • #368
  • Feb 15, 2007 4:48am Feb 15, 2007 4:48am
I am placing a short at 235.00 with a tp at 2.3400
I am just here to talk nonsense =D
  • #369
  • Feb 15, 2007 4:51am Feb 15, 2007 4:51am
I'm long, oversold on 4 hour and no fundamental reason for carry trade to stop.
TRADE FOR SWAP
  • #370
  • Feb 15, 2007 4:54am Feb 15, 2007 4:54am
Quoting cgldsmth
I'm long, oversold on 4 hour and no fundamental reason for carry trade to stop.
except BOJ raising rates next week

Not to mention the fact that a "liquidation" of carry trades becomes a self fulfilling event. As more get out the capital flows strengthen the yen further and the costs to repay the loans get higher and higher. No one wants to be the last man selling yen so a panic ensues. Check out the last time a liquidation occured. The yen moved EIGHT BIG FIGURES IN A DAY.
  • #371
  • Feb 15, 2007 4:57am Feb 15, 2007 4:57am
better would be short at .75 I think, my SL is there if its hit then
thats just the way it goes..

happy pipping
  • #372
  • Feb 15, 2007 5:02am Feb 15, 2007 5:02am
Wish we could kknow what did ECB President Trichet speak!!!
  • #373
  • Feb 15, 2007 5:06am Feb 15, 2007 5:06am
Quoting simplecoders
Wish we could kknow what did ECB President Trichet speak!!!

The Euro Central Bank website usually has streaming video of Trichet's press conferences. Is this a press conference or a private speech? Either way, check out the website. Trichet is a good speaker, very animated.
  • #374
  • Feb 15, 2007 5:10am Feb 15, 2007 5:10am
Quoting cgldsmth
I'm long, oversold on 4 hour and no fundamental reason for carry trade to stop.
whats your takeprofit and stoploss..?
SPEED SPEED SPEED
  • #375
  • Feb 15, 2007 5:12am Feb 15, 2007 5:12am
stop at 234, let profit run and take the swap.
TRADE FOR SWAP
  • #376
  • Feb 15, 2007 5:24am Feb 15, 2007 5:24am
Quoting Pickensrulz
The Euro Central Bank website usually has streaming video of Trichet's press conferences. Is this a press conference or a private speech? Either way, check out the website. Trichet is a good speaker, very animated.
Thank you. I will check that
  • #377
  • Feb 15, 2007 5:31am Feb 15, 2007 5:31am
They do have the old ones. but the streaming one...Not able to find any.
Anyway ..i will be happy if gbp goes above 236.
The US news due after 2 hours is another hurdle.
  • #378
  • Feb 15, 2007 5:49am Feb 15, 2007 5:49am
Quoting simplecoders
Zarul,

this is USD JPY quotation...right. So did u long on GBP and is still active?
wtf...LOL! I mean 237.21, 9 pips off target....
I am just here to talk nonsense =D
  • #379
  • Feb 15, 2007 5:51am Feb 15, 2007 5:51am
Quoting simplecoders
They do have the old ones. but the streaming one...Not able to find any.
Anyway ..i will be happy if gbp goes above 236.
The US news due after 2 hours is another hurdle.
Most probably, it won't go up to that price anymore..the reason why I closed my long, I saw something that I didn't see yesterday....
I am just here to talk nonsense =D
  • #380
  • Feb 15, 2007 6:09am Feb 15, 2007 6:09am
Quoting Zarul Shahrin
Most probably, it won't go up to that price anymore..the reason why I closed my long, I saw something that I didn't see yesterday....
Please check the attached chart M30 chart fo GBP/JPY.
Let us check the US news before forming any hope.
It is just for study.
Attached Image
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