just waiting now for confirmation on this top than sell again
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #140,202
- Nov 20, 2008 10:32pm Nov 20, 2008 10:32pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #140,203
- Nov 20, 2008 10:33pm Nov 20, 2008 10:33pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
intervention or not, it'll drop lower sooner or later.
- #140,205
- Nov 20, 2008 10:36pm Nov 20, 2008 10:36pm
- | Joined Dec 2007 | Status: Wish I had more capital !! ;-) | 1,050 Posts
- #140,206
- Nov 20, 2008 10:37pm Nov 20, 2008 10:37pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #140,208
- Nov 20, 2008 10:38pm Nov 20, 2008 10:38pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
i wish i could be as sure as u are about where price is going, would've been a billionaire like u long ago
On the other hand as I posted earlier about a retracement and we may have already seen the today's low. In addition, I don't think the retracement is over yet ..
- #140,209
- Nov 20, 2008 10:39pm Nov 20, 2008 10:39pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #140,210
- Nov 20, 2008 10:41pm Nov 20, 2008 10:41pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
If this is an a,b,c, correction then we are near the top of c now at 1.618 times wave a.
she might have little more room to go. if not then say hello to the new low.
- #140,212
- Nov 20, 2008 10:43pm Nov 20, 2008 10:43pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
..
On the other hand as I posted earlier about a retracement and we may have already seen the today's low. In addition, I don't think the retracement is over yet ..
I think we may see 146 again tonight / tomorrow. .....
just a hunch
tomorrow is options expiry ..... most will have puts to exercise
Blogging daily now at www.volume.zone
- #140,214
- Nov 20, 2008 10:44pm Nov 20, 2008 10:44pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
I'm seeing 140.80, and a break above should find more significant resistance at 141.55
- #140,216
- Nov 20, 2008 10:47pm Nov 20, 2008 10:47pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
I guess 140.50 is the strong resistance...My order was triggered at 140.50.
I have my TP at 132.70 on the Daily chart FE 132.70
Good Luck!!
http://www.forexfactory.com/showpost...stcount=140115
From my news source:
The USD/JPY is grinding higher late in the Asian morning due to short-covering in some of the JPY crosses including AUD/JPY and EUR/JPY. There was decent amount of demand for the Tokyo fix and Japanese corporates have been buying the USD/JPY ahead of the Tokyo holiday on Monday. The better than expected performance in Asian equities is weighing a bit on the JPY after the currency was in hot demand late in the US session when Wall Street went on a slide.
The BOJ concludes their two day policy meeting later today and most are not looking for a rate cut after the 20 BP cut last month pushed the overnight call rate to 0.30%. Some analysts are looking for the BOJ to move in December, but feel that this meeting will focus on discussing additional measures to boost confidence and calm the financial markets.
I have my TP at 132.70 on the Daily chart FE 132.70
Good Luck!!
http://www.forexfactory.com/showpost...stcount=140115
From my news source:
The USD/JPY is grinding higher late in the Asian morning due to short-covering in some of the JPY crosses including AUD/JPY and EUR/JPY. There was decent amount of demand for the Tokyo fix and Japanese corporates have been buying the USD/JPY ahead of the Tokyo holiday on Monday. The better than expected performance in Asian equities is weighing a bit on the JPY after the currency was in hot demand late in the US session when Wall Street went on a slide.
The BOJ concludes their two day policy meeting later today and most are not looking for a rate cut after the 20 BP cut last month pushed the overnight call rate to 0.30%. Some analysts are looking for the BOJ to move in December, but feel that this meeting will focus on discussing additional measures to boost confidence and calm the financial markets.
140.34 area, strong weekly S/R level held it seems.....
Added another short at 140.00
we'll see where she goes now.
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