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Daily GBP/JPY analysis

  • #3,481
  • Apr 19, 2007 2:06pm Apr 19, 2007 2:06pm
Ok boys, the bulls are back in the game for some afternoon reversal. Real money on this one. Say it with me: ITS GOING UP. 100 pips projected for first taking.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #3,482
  • Apr 19, 2007 2:12pm Apr 19, 2007 2:12pm
Quoting Plutonite
Ok boys, the bulls are back in the game for some afternoon reversal. Real money on this one. Say it with me: ITS GOING UP. 100 pips projected for first taking.
How can you say that i mean what makes you say that


Stay with me for 221
  • #3,483
  • Apr 19, 2007 2:22pm Apr 19, 2007 2:22pm
Quoting jaree
How can you say that i mean what makes you say that


Stay with me for 221
Because this is as good as it gets - bounce off a major trendline , 2 solid H4 candlesticks, positive equity news.. I am 35 pips up so far, will hope for the best. Only worries are tokyo opening..i think I will chicken out before it becuase Asians have been a little yen-crazy these past days. 221 eh? Will wait for major trend reversal to do that.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #3,484
  • Apr 19, 2007 2:31pm Apr 19, 2007 2:31pm
there is tight intestity on 237.25/30 barrier seems on every effort it keeps on kicking back. might come real sabma around it. or kick in the balls to suck thumb for a while.

it might allready started. stay tuned.
  • #3,485
  • Apr 19, 2007 2:42pm Apr 19, 2007 2:42pm
Quoting Plutonite
Because this is as good as it gets - bounce off a major trendline , 2 solid H4 candlesticks, positive equity news.. I am 35 pips up so far, will hope for the best. Only worries are tokyo opening..i think I will chicken out before it becuase Asians have been a little yen-crazy these past days. 221 eh? Will wait for major trend reversal to do that.
Keep Watching +32 on short
  • #3,486
  • Apr 19, 2007 2:46pm Apr 19, 2007 2:46pm
Quoting Mother
there is tight intestity on 237.25/30 barrier seems on every effort it keeps on kicking back. might come real sabma around it. or kick in the balls to suck thumb for a while.

it might allready started. stay tuned.
GU was refused off 0040s again (0044 fib / 0032 S1 - heavy area). Never went through it since Frankfurt. UJ got refused off its daily highs again (....
and trades the pivot right now...

Tokyo may trade this but unfortunately, first hours are likely to be UJ shorts only, like have been for several days in a row. Hope the story not to repeat today , but Yen is not responding to Asian as it responds to NYer stock market.

Damn tough day to trade will go on to Friday morning here...
  • #3,487
  • Apr 19, 2007 2:51pm Apr 19, 2007 2:51pm
And I'm stuck in a long at work. After last night Tokyo session scares me. Hope it doesn't do anything too drastic for a few hours.
  • #3,488
  • Apr 19, 2007 2:54pm Apr 19, 2007 2:54pm
Has GU made it to 2.0034 since this morning? I had a TP there.
  • #3,489
  • Apr 19, 2007 2:54pm Apr 19, 2007 2:54pm
back from the beach. will look into tokyo session. might take a u/j short though.
  • #3,490
  • Apr 19, 2007 3:00pm Apr 19, 2007 3:00pm
getting heravyer now and gathering in support. Still holding the bull line. but there is no actual pressure gathering to strike.. critial point indeed. and i need sleep!. i use too mutch time on this madness.
  • #3,491
  • Apr 19, 2007 3:00pm Apr 19, 2007 3:00pm
Nice piece of info... guess the funny analyst headed for the door already.

17:54NY SUMMARY It was a wild brutal trading session in New York with all of the day’s previous moves in Asia and London were unwound as the Dow Jones Industrial Average continues to defy gravity shaking off earlier weakness which has been the trend lately. The JPY based pairs (USD/JPY, EUR/JPY and GBP/JPY) were once again the main focus of the market but this time the “carry trade” swung back towards the topside with traders keeping a watchful eye on the DJIA and covering carry short as the Dow stayed above water. EUR/USD was sidelined (1.3582-1.3617) in spite of a whole lot of talk about a large 1.3600 strike for 10 am expiry as well as supposed large stop loss orders above 1.3620. Meanwhile, the CHF based pairs (most notably USD/CHF and EUR/CHF) traded in almost mirror image to the JPY based ones as intra day type traders scrambled frantically to cover shorts. On a broader scale, longer term players are still looking for the “carry trade” to undergo some unwinding and also are looking for continued demand of AUD, NZD and CAD. With the week coming to an end, we expect some more nasty volatile movements in the next 24 hours.
  • #3,492
  • Apr 19, 2007 3:07pm Apr 19, 2007 3:07pm
GBP dragged by EUR carries* specs.... time to lock profits.

* EURCHF hunting now
  • #3,493
  • Apr 19, 2007 3:24pm Apr 19, 2007 3:24pm
it looks really really wild to me .... now from long everything changed to short againg, I hate when it does that, take my pips or either give me pips but this waiting time grrr
  • #3,494
  • Apr 19, 2007 3:28pm Apr 19, 2007 3:28pm
18:23We see a large German bank bidding for both eur/usd and gbp/usd at the moment.
  • #3,495
  • Apr 19, 2007 3:31pm Apr 19, 2007 3:31pm
Cool, looks like one of my TPs was hit...where do you get your news from again cesarnc?

Quoting cesarnc
18:23We see a large German bank bidding for both eur/usd and gbp/usd at the moment.

  • #3,496
  • Apr 19, 2007 3:32pm Apr 19, 2007 3:32pm
Quoting black06
Cool, looks like one of my TPs was hit...where do you get your news from again cesarnc?
http://masterforex.co.uk/Html/FXStation/FXToolz.html

Click Live Market Commentary, left menu
  • #3,497
  • Apr 19, 2007 3:35pm Apr 19, 2007 3:35pm
Thinking we will get a downward movement (look at 1 hour chart) and then perhaps a bounce up. I agree tommorrow may be a real mess.
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,498
  • Apr 19, 2007 3:37pm Apr 19, 2007 3:37pm
Thank ya kindly!

Quoting cesarnc
http://masterforex.co.uk/Html/FXStation/FXToolz.html

Click Live Market Commentary, left menu
  • #3,499
  • Apr 19, 2007 3:48pm Apr 19, 2007 3:48pm
UJ daily about to close a HHUUUUUGGGEEEEE pin-bar... It's going up tomora

denied below 118.10, 1:10hr to go
  • #3,500
  • Apr 19, 2007 4:13pm Apr 19, 2007 4:13pm
I dont see any ideal pin bar on my dailies... I think time difference
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