waiting for triangle breakout....might consider to sell when it reaches 150.40 region...
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Auslanco - GBP/JPY and GBP/USD (newstrade)
- #208,024
- Nov 17, 2009 4:50am Nov 17, 2009 4:50am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
watch that trianlge on 4h.. the breakout is very near.. from options we have: one down and one Up..
If we go Up them yes I agree, next target are 151.30; 153.30; 157; 175 ....
If we go Down, then first we test 140.90; 148.60; 146.80; 144; 140..
but we have to open one of those 2 gates
daily Gann or weekly Gann..
looking at DX.. looks like multiple bottom ( or temp one) is in place.. (possible accumulation here)
looking at S&P another 60p up from yesterday High is possible as a strong resistance, before we see some retracing,
looking at 30y...
- #208,026
- Nov 17, 2009 7:42am Nov 17, 2009 7:42am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Commentary:
The annual rate of core producer prices sank to just 0.7% in October from 1.8% the prior month. The market was looking for a 1.4% read, so the surprise is palpable. At minimum this should quiet the inflation hawks in the short-term and remove some speculation that the Fed will tighten policy before expected. Insofar as rates remain lower for longer, this is a positive for risky assets and, commensurately, a negative for the US dollar.
US Treasury yields are higher despite weaker inflation and… this is helping to prop up USD/JPY in the short-term
GJ might break the Daily TL..
If the daily TL don't break, look out below..
Wait and see
The annual rate of core producer prices sank to just 0.7% in October from 1.8% the prior month. The market was looking for a 1.4% read, so the surprise is palpable. At minimum this should quiet the inflation hawks in the short-term and remove some speculation that the Fed will tighten policy before expected. Insofar as rates remain lower for longer, this is a positive for risky assets and, commensurately, a negative for the US dollar.
US Treasury yields are higher despite weaker inflation and… this is helping to prop up USD/JPY in the short-term
GJ might break the Daily TL..
If the daily TL don't break, look out below..
Wait and see
[
- #208,027
- Nov 17, 2009 8:02am Nov 17, 2009 8:02am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
Commentary:
US Treasury yields are higher despite weaker inflation and… this is helping to prop up USD/JPY in the short-term
UJ...really easy to analyze at the moment, If 88.00 hold meaning we will see double bottom at monthly UJ. UJ monthly will show their bull anytime from now. Beside Doji appear at monthly chart.
EU
If you trade using weekly chart ...you will short this pair. Reach high ...trigger massive short
GJ
If we break UTL....this pair will shot till 163, if break LTL ...140 and 136 will be next.
- #208,029
- Nov 17, 2009 8:12am Nov 17, 2009 8:12am
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #208,031
- Nov 17, 2009 8:23am Nov 17, 2009 8:23am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
UJ
UJ...really easy to analyze at the moment, If 88.00 hold meaning we will see double bottom at monthly UJ. UJ monthly will show their bull anytime from now. Beside Doji appear at monthly chart.
EU
If you trade using weekly chart ...you will short this pair. Reach high ...trigger massive short
GJ
If we break UTL....this pair will shot till 163, if break LTL ...140 and 136 will be next.
[
- #208,033
- Nov 17, 2009 9:26am Nov 17, 2009 9:26am
- | Joined Jan 2009 | Status: Trader | 1,067 Posts
gj 121 pip range yesterday.
before it bursts a blood vessel and goes 400 pips for the day ...
- #208,037
- Nov 17, 2009 10:46am Nov 17, 2009 10:46am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
stopped in its tracks at the exact same price it stopped at earlier. this things coming back down AGAIN. and STILL we have an 84 pip range for the day
OH ITS MADE ANEW HIGH!! 86 PIPS NOW W00H000000000
...Captain Sycho
Imanuel Parsifal
- #208,038
- Nov 17, 2009 11:24am Nov 17, 2009 11:24am
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
bro..going by the whole day's movement,i had say professional interest is out of this,and leting the day go would be a better idea..freshing up and see what tommorow has to offer...HOLLA
...Captain Sycho
i hope this doesnt keep up until christmas. 121 pips one day, 86 pips the next on gj without any bank holidays? i would not have believed it without seeing it for myself
- #208,039
- Nov 17, 2009 12:03pm Nov 17, 2009 12:03pm
I just hope this thing go to 149.44, so I can call it a day. Taking some of Karmo patient Pills.
i think professional interest has been out of it for at least 4 weeks, every move, in either direction since at least as far back as UK GDP has been bought or sold, right back to where it started. a big breakout would normally be expected but it doesnt even look to me like its preparing for one.
i hope this doesnt keep up until christmas. 121 pips one day, 86 pips the next on gj without any bank holidays? i would not have believed it without seeing it for myself