Auslanco - GBP/JPY and GBP/USD (newstrade)

equity selloff helping the USD rebound here in an impulsive wave and this could be the much expected short-term buttom for usd ... regarding the usdjpy i stay away because i have no bias on the future moves...

USD/JPY..looks like making a small Head and Shoulder...4HR TF...

If so ...88.50 minimum... Till then no need to sell EURO...Patience..

Then from there long...107.00 by Next year.

they trimmed gold again lol

87.00 and maybe overshooting...

107.00 - is that not greedy?

What do you think of EURGBP?

USD/ JPY

If it is going to fall......the big dogs....who turn the market.....BOJ....will let it fall to make the most of it.

G/J kabommmmmmmmmm ....Japan session more kaboommmmmmm ....

ibfx is cheating me by 20 pips big time pass my take profit in im still in!!!!!!!!!!!

channel confluences on 6h charts

sweet spot buy zone

tested DEMAND was found

Why would that be the case now? The new prime minister endorses a stronger yen to boost consumer purchasing power and reduce import costs - trying to go away from being such an export-driven economy...

Dated Sept. 8th from Bretton Woods Research:

Smart Yen Policy Coming From DPJ

Yesterday morning, Democratic Party of Japan (DPJ) executives endorsed incoming Prime Minister Yukio Hatoyama’s nomination of mentor and founding party member, Ichiro Ozawa, as Secretary General. Ozawa's appointment knocks out resident DPJ-austerian Katsuya Okada from the position. Okada, who already gets too much press in the Western media for talking about the need to raise Japan's consumption tax to 5% and has been a potential threat to the DPJ’s general growth-positive economics, will become Foreign Minister. For this reason alone, this development is a positive change at the margin.

Ozawa's appointment is also important because it may pave the way for monetary figures, such as Eisuke Sakakibara, to establish a strong yen policy and at the same time steer Tokyo down the path toward an eventual Asian monetary union with the Chinese and the South Koreans.

Sakakibara, of course, is known as "Mr. Yen" for his work between 1997 and 1999, during which time he consistently (and correctly) argued for a weaker yen amidst the painful Japanese deflation. He also suggested the creation of an Asian Monetary Fund during the Asian crisis. He has been a staunch ally of Ozawa and unabashed about the virtues of a stronger yen today. Indeed, most of what Sakakibara says on forex issues is consistent with someone who understands the importance of stable currency values, in real terms -- particularly with respect to gold.

Last November, Sakikabara broke with the devaluationist export-led growth creed, touting the anti-inflationary benefits of a stronger yen, advocating a yen-dollar rate of 80-85/USD. As he said at the time, “a strong yen is in the national interest of Japan, particularly in this situation when raw material prices will increase.” Given current circumstances, where the dollar-gold price has breached the $1,000/oz level and could continue to drift higher, a stronger yen policy would certainly help reduce the inflationary pressures filtering through the yen-based economy.

Even though it is unclear in what actual capacity or cabinet position Sakakibara might serve in the new DPJ government, other potential DPJ financial experts appear to be speaking of a same mind, pronouncing similar strong-yen, anti-export led growth formulations that Sakakibara made last November. For instance, Deputy Finance Spokesperson Kehai Otsuka said last week, "The Democrats have for many years called for a domestic demand-led economy. Generally speaking, a strong yen brings more merits as it helps raise the people's purchasing power." And 77-year old Hirohisa Fujii who is being touted as Japan’s likely next Finance Minister said recently, "There's no need to take policy steps to help the yen rise but it's wrong to try to boost exports by driving the yen low…Basically, a strong yen is good for Japan." He added that a strong yen would help reduce Japan's import costs and boost consumers' purchasing power.

On balance, the yen-dollar rate has strengthened 8% to roughly 92/USD from 100/USD last April. And this without any Bank of Japan forex intervention. The likely reason is that forex markets have been reading the ‘political’ market. It was uncertain whether, when the yen was weak last April, who would lead the DPJ – austerian Okada or the more pro-growth Hatoyama (who is an Ozawa protege) – given that Ozawa would likely depart as DPJ head due to an ongoing aide scandal. In mid-May, Hatoyama won the intra-party election to be party leader, and solidified the party’s pro-growth direction, helping it to soar at the polls. With the DPJ landslide election victory on August 30 and the preferences for a strong yen by the party's financial leaders, we think the yen-dollar rate could continue moving lower, perhaps to 85 by year end.

I posted yesterday that the big boys are shorting the gold..

http://www.forexfactory.com/showpost...stcount=199380

yea for a while now

If the Red LINE IS BROKEN then Down..( may be a FAKE OUT).

iF NOT Target is 1.04xx

Attaching euro/usd long term chart...saved months ago..and is playing.

A strong yen is going to kill Japan.. they are talking about a potential deficit 200% of thier GDP.. no economy can thrive under that senario. the YEN has got to weaken in my opinion

Why I feel that most of you turned bullish, prices went down 100 pips after the report and still no clear support, I'm still short waiting for 2 levels to be broken 148.50 and 148, a 4 hrs close below these levels will push the prices down to even lower levels, I started to read 155, and even 159, are you that bullish, is there a clear sign that will bring prices to these levels? even before the report I heard silence from most of the members here which gave me an impression that most of you are bullish and scared from the FOMC, even after the report it was more slience

nobody writing anything means they are bullish????? am i missing something?!?!

There is no more bid under sundays lo, why should it go down, A market does 1 thing processes bid's and offers and seeks them out, this is called order flow, maybe large bids emerge at lower levels but for now bottom is in place. The signs were posted before we got there, for those who read the signs.

Inverted daily hammer. Target 1.6150 A close today below 1.6380 would confirm this.

Interesting....I think we may get some retracement lower in the coming days....that sentiment chart of Rgitt's post had a high value for EURO vs GBP.

Pound was weak over the last couple of days so one can expect some adjustment wrt GBPJPY vs EURJPY and also GBPUSD vs EURUSD.

we are in the same ship or i would rather say rocket LOL