need to kep myself entertained, otherwise ill start making reckless trades
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #138,862
- Nov 19, 2008 10:37am Nov 19, 2008 10:37am
So, here is my analysis of the GBP/JPY pair. I think that this pair will be going down down down. Why you may ask? Because if you take a look at the monthly chart, you will see 2 points that i have marked where the price has hit, then bounced back up. Now, the thing is, on the monthly chart, we see that the price has broken it once, during 03/1995 and stayed down there. Last month, we saw price break the level, but still closed above it. This month, we are seeing it breaking the level.......but the month has not ended yet. So, the big question is,...
Major major resistance somewhere around 148 mark. Good luck to people going long. You won't get past this point.
Edit: Could not quote whole post. Look back for my post here: http://www.forexfactory.com/showthre...72#post2352272
- #138,864
- Nov 19, 2008 10:42am Nov 19, 2008 10:42am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Nice Pk, I gave up for today. Startin to get frustrated. My kids just came home from a half day in school. Gonna go hang with them for awhile.
- #138,865
- Nov 19, 2008 10:54am Nov 19, 2008 10:54am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #138,867
- Nov 19, 2008 11:10am Nov 19, 2008 11:10am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
if we go below 1.5080 im gonna jump on the ride to 1.5 anyone with me 
- #138,868
- Nov 19, 2008 11:12am Nov 19, 2008 11:12am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
if we go below 1.5080 im gonna jump on the ride to 1.5 anyone with me
- #138,876
- Nov 19, 2008 11:20am Nov 19, 2008 11:20am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
just take care we r in bull land now
im just abit concerned with 1.5020 area once we pass that i may even move my target to 1.4950 will depend on price action
- #138,878
- Nov 19, 2008 11:26am Nov 19, 2008 11:26am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
that's it for the bear i think. 
- #138,880
- Nov 19, 2008 11:30am Nov 19, 2008 11:30am
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
the main reason im bearish is due bullish usdchf.
it went down and then went up and made new high of the day and with daily setup it should go another 200 pips up or so which should drag eurusd and bgpusd down whoch should bring gbpjpy down also.
there are always stops in case im wrong)
it went down and then went up and made new high of the day and with daily setup it should go another 200 pips up or so which should drag eurusd and bgpusd down whoch should bring gbpjpy down also.
there are always stops in case im wrong
)