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

  • #210,641
  • Dec 21, 2009 1:38pm Dec 21, 2009 1:38pm
Quoting vinesh2
Oh ya there is breathing room i think it may go to 91.70 region may add more there
Daily swing 91.25 so I suspect a spike then it will get sold hard. . .
  • #210,642
  • Dec 21, 2009 1:39pm Dec 21, 2009 1:39pm
What are you seeing in EU
  • #210,643
  • Dec 21, 2009 1:40pm Dec 21, 2009 1:40pm
Quoting quecee5
Wow what will u all say when this pair hit 137?????
Now I'm hearing 150/179/180. . .
Gotta be kidding right?
In order for that to happen both GU and USD would have to go in the same direction which is highly unlikely. . .
And UJ up against resistance at 91.50 area at least. . . GU on the verge of collaspe so what is going to make GJ go to 150/165/180 I ask??????

Okay lets do the math. . . USD is strengthening so that means GBP/USD is weakening so UJ goes up and GU goes lower. . .
Hmmmmmmm. . . So if GU goes to 1.57 and UJ goes to 93 then GJ will...
I stated potential for low 160s based on weekly chart, but I don't see it getting through weekly downtrend line. I stated this last week sometime and is just my opinion. Markets don't always "make sense" and it's definitely impossible to "make sense" of future events as they haven't occurred yet.
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  • #210,644
  • Dec 21, 2009 1:41pm Dec 21, 2009 1:41pm
Quoting vinesh2
What are you seeing in EU
1.41/40 area
  • #210,645
  • Dec 21, 2009 1:44pm Dec 21, 2009 1:44pm
Quoting quecee5
Daily swing 91.25 so I suspect a spike then it will get sold hard. . .
agree, from 91.3 up to 92.5 the way up for UJ is like a minefield and huge wall of resistance
  • #210,646
  • Dec 21, 2009 1:44pm Dec 21, 2009 1:44pm
Agreed bro. Posted this on the EU thread 174286
  • #210,647
  • Dec 21, 2009 1:49pm Dec 21, 2009 1:49pm
Quoting Geppy
I stated potential for low 160s based on weekly chart, but I don't see it getting through weekly downtrend line. I stated this last week sometime and is just my opinion. Markets don't always "make sense" and it's definitely impossible to "make sense" of future events as they haven't occurred yet.
That being the case that would mean your statement that price is going to 148.30 is an opinion correct. . .???? And that 145.70 is strong support correct? How do you know where price is headed? You have to have some idea or else you wouldn't be trading in forex right?

I asked the simple question how do we get there????

GBP strength and USD weakeness? Yen weakness how do we get to yr target?
  • #210,648
  • Dec 21, 2009 1:58pm Dec 21, 2009 1:58pm
Quoting metlife777
agree, from 91.3 up to 92.5 the way up for UJ is like a minefield and huge wall of resistance
btw, the ultimate point for UJ is 93.5
if up then bulls prevail and if UJ will bounce back then we might see lower 70s JMO
  • #210,649
  • Dec 21, 2009 2:03pm Dec 21, 2009 2:03pm
Quoting metlife777
btw, the ultimate point for UJ is 93.5
if up then bulls prevail and if UJ will bounce back then we might see lower 70s JMO
Actually 91.70 area like Vinesh pointed out is major resistance for UJ and could be it's turning point. . .if we hurlde that then 92.30/55 would be the next resistance level. . .
  • #210,650
  • Dec 21, 2009 2:08pm Dec 21, 2009 2:08pm
Quoting quecee5
Actually 91.70 area like Vinesh pointed out is major resistance for UJ and could be it's turning point. . .if we hurlde that then 92.30/55 would be the next resistance level. . .
93.5 is Wolf Wave line of resistance
  • #210,651
  • Dec 21, 2009 2:10pm Dec 21, 2009 2:10pm
Quoting quecee5
I asked the simple question how do we get there????

GBP strength and USD weakeness? Yen weakness how do we get to yr target?
I imagine the same way we came out of the 120s to where we are now? It's not that improbable, We were in the 160s in August so I really don't see why we can't get back there. I just don't see us dropping hard yet, not before one more bull trap.

Again, just my opinion.
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  • #210,652
  • Dec 21, 2009 2:13pm Dec 21, 2009 2:13pm
Quoting metlife777
93.5 is Wolf Wave line of resistance
91.70 is/was important support on the way up to 101 area (long-term support) and now its support turned resistance. . . Not sure market cares about Wolf Wave resistance. . .
  • #210,653
  • Dec 21, 2009 2:16pm Dec 21, 2009 2:16pm
Quoting Geppy
I imagine the same way we came out of the 120s to where we are now? It's not that improbable, We were in the 160s in August so I really don't see why we can't get back there. I just don't see us dropping hard yet, not before one more bull trap.

Again, just my opinion.
Market conditions were different when we were at the 160's but fair enough lets see how this plays out. . .
  • #210,654
  • Dec 21, 2009 2:19pm Dec 21, 2009 2:19pm
Quoting quecee5
91.70 is/was important support on the way up to 101 area (long-term support) and now its support turned resistance. . . Not sure market cares about Wolf Wave resistance. . .
according to time analysis UJ might touch 93.4 either thisweek or early next week.
let's watch out how UJ shall play
  • #210,655
  • Dec 21, 2009 2:22pm Dec 21, 2009 2:22pm
Quoting quecee5
Market conditions were different when we were at the 160's but fair enough lets see how this plays out. . .
I completely agree. All I'm saying is that on a technical perspective I could see the pair going to the 160s. Market conditions in the future are unknown and could change to assist the rise.

If the 4h triangle doesn't break to the upside, I'd abandon this view and go short. But if it does, then I see 160 as a definite possibility for medium turn. Long-term, I still think it's crashing.
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  • #210,656
  • Dec 21, 2009 2:23pm Dec 21, 2009 2:23pm
Quoting metlife777
according to time analysis UJ might touch 93.4 either thisweek or early next week.
let's watch out how UJ shall play
Did you say time analysis or voodoo?
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  • #210,657
  • Dec 21, 2009 2:35pm Dec 21, 2009 2:35pm
Quoting Geppy
Did you say time analysis or voodoo?
time analysis based on math
  • #210,658
  • Dec 21, 2009 2:37pm Dec 21, 2009 2:37pm
Quoting metlife777
time analysis based on math
probability for that move is high but not necessarily will happen
  • #210,659
  • Dec 21, 2009 2:37pm Dec 21, 2009 2:37pm
Quoting metlife777
time analysis based on math
what factors are u using????? emotion, market sentiments? trading volume? etc, etc, etc. . .
  • #210,660
  • Dec 21, 2009 2:41pm Dec 21, 2009 2:41pm
Quoting metlife777
probability for that move is high but not necessarily will happen
Probability based on what? P > 0.05 of what?
What's your null hypothesis?
Whats the alternative?
Is the data you're using normal data?
What statsistical test are you using?
Sample-t test? Paired-T Test, Regression analysis???
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