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Daily GBP/JPY analysis

  • #3,621
  • Apr 22, 2007 7:53pm Apr 22, 2007 7:53pm
Quoting black06
Lol, is this a bull fix or a bear fix?
looks yen bearish
  • #3,622
  • Apr 22, 2007 7:57pm Apr 22, 2007 7:57pm
Yeah, & looks like the pound is re-gaining strength.
  • #3,623
  • Apr 22, 2007 7:58pm Apr 22, 2007 7:58pm
Quoting cesarnc
looks yen bearish
20:53 USD/JPY holding steady under the figure. Watch for a move after the Tokyo fix.
  • #3,624
  • Apr 22, 2007 7:58pm Apr 22, 2007 7:58pm
Quoting cesarnc
Watch fix in 13 min, to last 15-30min .
Cesar,

What did you base this on? Just curious and would like to be able to predict these mystical fixes you mention.
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,625
  • Apr 22, 2007 7:59pm Apr 22, 2007 7:59pm
if GJ can break past 238.30, it's up from there
  • #3,626
  • Apr 22, 2007 8:03pm Apr 22, 2007 8:03pm
Quoting black06
if GJ can break past 238.30, it's up from there

238.30= is that sell price or buy price
thx
  • #3,627
  • Apr 22, 2007 8:07pm Apr 22, 2007 8:07pm
Quoting Sami7
Cesar,

What did you base this on? Just curious and would like to be able to predict these mystical fixes you mention.
Always happens... Nothing fancy today though...

Nice piece of info:

[DLR/YEN] keeps its lofty level amidst fixing demand and expectations for Toshin setup related demand. There are 2 major sec houses" Toshin setup scheduled on Apr 26 and 27, but not certain whether the business goes smoothly. IMM's net Yen short contracts as of Apr 17 are 70519, up from 64841 a wk earlier. Looks like a resumption of carry trade.

I'll be back by London
  • #3,628
  • Apr 22, 2007 8:07pm Apr 22, 2007 8:07pm
Quoting goodness
238.30= is that sell price or buy price
thx
There is a resistance on 238.35 (so buy a break)
  • #3,629
  • Apr 22, 2007 8:08pm Apr 22, 2007 8:08pm
Check out trader8686's posts.

Quoting goodness
238.30= is that sell price or buy price
thx
  • #3,630
  • Apr 22, 2007 8:21pm Apr 22, 2007 8:21pm
Quoting cesarnc
Always happens... Nothing fancy today though...

Nice piece of info:

[DLR/YEN] keeps its lofty level amidst fixing demand and expectations for Toshin setup related demand. There are 2 major sec houses" Toshin setup scheduled on Apr 26 and 27, but not certain whether the business goes smoothly. IMM's net Yen short contracts as of Apr 17 are 70519, up from 64841 a wk earlier. Looks like a resumption of carry trade.

I'll be back by London
Pardon me, but I don't quite understand the news above.............?
  • #3,631
  • Apr 22, 2007 8:25pm Apr 22, 2007 8:25pm
Quoting pino2
There is a resistance on 238.35 (so buy a break)

238.35 buy?? do u mean when price breaks 238.35(buy price or sell price)
  • #3,632
  • Apr 22, 2007 8:52pm Apr 22, 2007 8:52pm
238.31 was major resistance. The doji that followed on the 15 min chart, followed by a bear candle signaled a downturn. Now I believe we'll see the gap filled to 237.74
  • #3,633
  • Apr 22, 2007 8:55pm Apr 22, 2007 8:55pm
Quoting goodness
238.35 buy?? do u mean when price breaks 238.35(buy price or sell price)
Regardless of the GJ, when there is a resistance, we can buy a break, i.e. when the price moves upward breaking the resistance, but sometimes, it needs a clear break, and on the other side, if it fails to break it we could sell a failure, i.e. price went down and couldn't break the resistance
  • #3,634
  • Apr 22, 2007 9:35pm Apr 22, 2007 9:35pm
Quoting asyi
238.31 was major resistance. The doji that followed on the 15 min chart, followed by a bear candle signaled a downturn. Now I believe we'll see the gap filled to 237.74
Can u describe how a bear candle looks like? Just want to learn everyday.
  • #3,635
  • Apr 22, 2007 9:53pm Apr 22, 2007 9:53pm
What is everyones thoughts for the upcoming week? Will we see 241, or 236 or below?
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,636
  • Apr 22, 2007 9:58pm Apr 22, 2007 9:58pm
how long has the trend been going? Try looking at your charts and its history of price movements. Im not saying that it will do the same thing again but having an insight gives u the traders edge coz when price action fullfills your theory, its easier for you to pull the trigger.
  • #3,637
  • Apr 22, 2007 10:07pm Apr 22, 2007 10:07pm
Well Tokyo is being rather boring so far. I hope the brits can give sterling some push when London opens. If the next 2-3 candles on the H4 don't show a clear upward resumption then I will abandon my longs. Expecting it to reach at least 239.50, and was hoping for 238.70 by the end of london today. We'll just have to wait and see.

P.S USDJPY is moving along with us and is poised for a powerful move up.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #3,638
  • Apr 22, 2007 10:20pm Apr 22, 2007 10:20pm
Quoting Plutonite
Well Tokyo is being rather boring so far. I hope the brits can give sterling some push when London opens. If the next 2-3 candles on the H4 don't show a clear upward resumption then I will abandon my longs. Expecting it to reach at least 239.50, and was hoping for 238.70 by the end of london today. We'll just have to wait and see.

P.S USDJPY is moving along with us and is poised for a powerful move up.
Plutonite, Is USD/JPY most moving along with GJ side by side or AUD/JPY? (If you watch and compare AUD/JPY with GBP/JPY they are almost always side by side.)
  • #3,639
  • Apr 22, 2007 10:38pm Apr 22, 2007 10:38pm
According to my Accucharts - Gap on USD/JPY 5 minute chart 118.66 - 118.68.


And we filled it.....
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,640
  • Apr 22, 2007 10:38pm Apr 22, 2007 10:38pm
bored and spewing only
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