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Daily GBP/JPY analysis

  • #3,901
  • Apr 24, 2007 8:17pm Apr 24, 2007 8:17pm
Quoting cesarnc
GDP is not quite a mover... It's easy to forecast. It is priced in already...
You could be right, but there's a lot of heavy news coming in near the same time as well. Anyway, lots of solid movement now, Yen is being bought as always on the Asian session. I think I might short for a few pips if this holds.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #3,902
  • Apr 24, 2007 8:21pm Apr 24, 2007 8:21pm
Special avatar for friday kill bill session.
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  • #3,903
  • Apr 24, 2007 8:22pm Apr 24, 2007 8:22pm
ok cesar,

so if everyone sells the dollar in this session, what does this mean for this pair as well as gbp/usd and usd/yen???? i would assume that the yen would head for 110 area, at least in that direction, but the gdp numbers for gbp is going to be weak, which should mean little movement, but that should mean that we should be headed way down??? could be a big move right??? do i have cranial-rectal inversion about this???
  • #3,904
  • Apr 24, 2007 8:23pm Apr 24, 2007 8:23pm
Quoting Plutonite
You could be right, but there's a lot of heavy news coming in near the same time as well. Anyway, lots of solid movement now, Yen is being bought as always on the Asian session. I think I might short for a few pips if this holds.
JUst pocketed 10 and out... Watch for this heavy area 118.30/20. On breach, exposes 117.60. But it's going to be as tough as 119.00 on the upside...

Banks reported BIDS at 118.20, not stops.

I'm off Yen. Just holding GU longs, buy limits and stops...

Back by London, hopefully 2.0300
  • #3,905
  • Apr 24, 2007 8:32pm Apr 24, 2007 8:32pm
Quoting jest1081
Special avatar for friday kill bill session.
I like it
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,906
  • Apr 24, 2007 8:33pm Apr 24, 2007 8:33pm
Quoting mtrmth
ok cesar,

so if everyone sells the dollar in this session, what does this mean for this pair as well as gbp/usd and usd/yen???? i would assume that the yen would head for 110 area, at least in that direction, but the gdp numbers for gbp is going to be weak, which should mean little movement, but that should mean that we should be headed way down??? could be a big move right???
Take it easy man.... Watch dollar-index (http://tick.ino.com/chart/) Breach of 81.40 is the armageddon... Dollar is likely to live to die another day... tomorrow, in case of bad news.

In Case of good news, it will provide bottoms to fish on GU and EU.

Today's USD news (strongly) suggests slowdown. So market took USD to 81.5 no retracement. This means market is giving a last chance of redemption before pushing off the cliff.

In the meantime, as Yen in waiting to meet its fate from the Thu's data bag, GJ is going ranging... The breakout of the triangle posted here previously may start during this news, imo. Nobody wants to be the buyer at 118 high or the seller of 118 low here... Me neither.

Back by London
  • #3,907
  • Apr 24, 2007 8:33pm Apr 24, 2007 8:33pm
You are very right, pressure has already subsided, everybody is chickening out. It is definitely not the big boys playing now.

Anyway, GDP forecasts saying anything less than 0.5 will probably cause a dive, and a dive at this point could be very steep due to the delicate GPBUSD situation of being in multi-year high. If GDP is strong/average/expected then nothing will move and we will be stuck in this nastiness.

I will be back by London as well, see you then
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #3,908
  • Apr 24, 2007 8:34pm Apr 24, 2007 8:34pm
Quote
do i have cranial-rectal inversion about this???

  • #3,909
  • Apr 24, 2007 8:37pm Apr 24, 2007 8:37pm
Quoting jest1081
Special avatar for friday kill bill session.
Watchout... This Cat has issues... He can't distinguish between a goldfish and a bear...
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  • #3,910
  • Apr 24, 2007 8:40pm Apr 24, 2007 8:40pm
You need to tell the fella to open his eyes, well at least a little...we dont want massacres here...

volatile times and i go for holocaust...raise the rates YEN! Go for it! Chomp Chomp!
  • #3,911
  • Apr 24, 2007 8:59pm Apr 24, 2007 8:59pm
well, i am trying to take it easy and be even-keeled, but i just want to see some movement, even if it just ends up back where it started. i like some volitility of 100 pips one way, then 200 the other, then back to starting point!! i know, stupid wish, but still everyone would win, noone would lose!! love the avatar, looks like a woman on really bad pms!! the only reason the u.s. economy is slowing down is the fact that bush had his balls taken by pelosi. if he still had them, chavez would be dead and oil would be at $25 a barrell and the housing industry wouldn't be able to keep up, our growth would be at 7.5% gdp. anyway, just looking for a clue as for whether or not the money traders will send these curriencies one way or the other. we have been flat for a few days, just scalping opportunities and i have lost most of them before, just a little gun shy about them. would like to see that feb movement again, that would be sweet. you seem to think it twillhappen, let's hope and really bang some pips.
  • #3,912
  • Apr 24, 2007 9:11pm Apr 24, 2007 9:11pm
Quoting mtrmth
well, i am trying to take it easy and be even-keeled, but i just want to see some movement, even if it just ends up back where it started. i like some volitility of 100 pips one way, then 200 the other, then back to starting point!! i know, stupid wish, but still everyone would win, noone would lose!! love the avatar, looks like a woman on really bad pms!! the only reason the u.s. economy is slowing down is the fact that bush had his balls taken by pelosi. if he still had them, chavez would be dead and oil would be at $25 a barrell and the housing industry wouldn't be able to keep up, our growth would be at 7.5% gdp. anyway, just looking for a clue as for whether or not the money traders will send these curriencies one way or the other. we have been flat for a few days, just scalping opportunities and i have lost most of them before, just a little gun shy about them. would like to see that feb movement again, that would be sweet. you seem to think it twillhappen, let's hope and really bang some pips.
Hey, easy on the ladies, ok?
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,913
  • Apr 24, 2007 9:52pm Apr 24, 2007 9:52pm
Bulls v bears will begin shortly... still looking for 235-236 bottom fishing here.
Tra-X
  • #3,914
  • Apr 24, 2007 9:55pm Apr 24, 2007 9:55pm
Quoting Traex
Bulls v bears will begin shortly... still looking for 235-236 bottom fishing here.
I'm with ya, my target is around 236 also. Then up again to test 238.00. Are your charts confirming?
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,915
  • Apr 24, 2007 10:01pm Apr 24, 2007 10:01pm
Quoting Sami7
I'm with ya, my target is around 236 also. Then up again to test 238.00. Are your charts confirming?
The pattern is similar to that in m15 chart early april, looks like a messy triangle. Low 236/high 235 might be the key.
Tra-X
  • #3,916
  • Apr 24, 2007 10:15pm Apr 24, 2007 10:15pm
hate this moves 100 pips there, 100 pips here ... why its so hard to keep moving in one direction ? like last 2-3 weeks ... nice uptrend ....
  • #3,917
  • Apr 25, 2007 2:42am Apr 25, 2007 2:42am
what a stuggle going on today. i hope to see some resoult during today. but offcourse never know. took some shorts thou on the peaks. but eanything is still open.

drop can be major if occures, same as bounce. but past days have been showing some lookse strenght for bulls. Dayly chard is hanging on the edge. only need small push to drop.
  • #3,918
  • Apr 25, 2007 3:13am Apr 25, 2007 3:13am
Right now,

technically there is alot of tension as prices hover along fine lines of trend reversal or trend continuation....we could see that its currently squeezed intoa tight triangle...
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  • #3,919
  • Apr 25, 2007 3:38am Apr 25, 2007 3:38am
No breaks off the triangle on GDP.. What are they waiting for? US new home sales tonite? Or Tokyo CPI tomorow?
  • #3,920
  • Apr 25, 2007 4:22am Apr 25, 2007 4:22am
Quoting dd33
No breaks off the triangle on GDP.. What are they waiting for? US new home sales tonite? Or Tokyo CPI tomorow?
Tokyo news tomorrow... The slight scent of inflation rising and Yen is going to be bought for days.
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