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

  • #225,701
  • May 20, 2010 10:49pm May 20, 2010 10:49pm
i will pull my words back,,im not selling gbp/jpy anymore ...we reach the bottom for medium term ..H&S is coming 129.75 left shoulder .. then up we go ..only if we take out the prev high at 132.81... so gbp/jpy in a no go zone ..
  • #225,702
  • May 20, 2010 10:54pm May 20, 2010 10:54pm
Quoting honeybhi
long around 128.50 - 129
currently +160 pips on gj long.will continue with them.no reasons to short yet.expecting price to rally further.
  • #225,703
  • May 20, 2010 10:56pm May 20, 2010 10:56pm
Quoting honeybhi
currently +180 pips on gj long.will continue with them.no reasons to short yet.expecting price to rally further.

yip i agree..we will ht 132.80 2day ..gbp/usd is gonna fly like a rocket when uk start up ...
  • #225,704
  • May 20, 2010 10:59pm May 20, 2010 10:59pm
Quoting fullhouse
i keep pressing buttons.. i think ,ithink gbp/usd reach his bottom for medium/long term ..we heading to 1.5 first ,then later more .. i went long,stop below low,and target 1.5 first ....

gbp/jpy at extreme levels..waste of time to look at ..check the divergance on gbp/usd .... isnt it obv we going up ? ...
I agree that there will be some retracement but the current move is very worrying because it comes on the heels of that big Japanese news. BOJ flush with more virtual cash just pumped another 1T yen into their system at the overnight rate of 0.1% in order to fight off deflation. While the carries have rebounded it certainly didn't impress the Japanese themselves who are currently keeping the Nikkei near the lows for the day.
  • #225,705
  • May 20, 2010 11:09pm May 20, 2010 11:09pm
Quoting Eulogy
I agree that there will be some retracement but the current move is very worrying because it comes on the heels of that big Japanese news. BOJ flush with more virtual cash just pumped another 1T yen into their system at the overnight rate of 0.1% in order to fight off deflation. While the carries have rebounded it certainly didn't impress the Japanese themselves who are currently keeping the Nikkei near the lows for the day.
you and piters are seriuos economic guru's ... always nice reading..

if i just could know 10% of that....
  • #225,706
  • Edited 11:23pm May 20, 2010 11:10pm | Edited 11:23pm
SCALPERS DREAM

LAUGHING ALL THE WAY TO THE BANK

FOR 2 WEEKS NOW AND ONGOING
New voice message: Why are you calling me? If I need you, I'll call you!
  • #225,707
  • Edited 11:57pm May 20, 2010 11:43pm | Edited 11:57pm
Quoting Beljevina
Optimism is good, but frankly, it's the bulls and neverending spending that got the world to this mess. And make no mistake, we are into a debt crisis, like never before in history, so there's no real benchmark to go by. While sterling is independent of the euro, nothing has yet changed in the UK for the worse: there will be massive bank failures, debt defaults, and significant social upheaval, sooner there than elsewhere....
Agreed (in most parts) I'm Mr. Doom & Bloom myself 1.5 years ago I invested almost halve of my assets in commodities because of it, an prob. will stay in for the next 10 years.
The only thing I'm wondering is that we are dealing with relatives.
Selling GJ means you think J will be in better shape, will they?
Selling GU means you think U will be in better shape, will they?
I started forex because of my negative view concerning G and U.
But after 1.5 years I'm still searching for the best counterpart, but really can't find it.
Commodity currencies could be, but for now market do not think so......
Don't be a hero. Don't have an ego. Always question yourself
  • #225,708
  • May 20, 2010 11:44pm May 20, 2010 11:44pm
Keep an eye out on U/J as PA is pushing the top of a bear channel...Also it look like E/U has broken the LTL on the a rising wedge.....

This could help push G/J down in the next hour or so....

Let see what London is bringing to the table...
Traderdesk -
  • #225,709
  • May 20, 2010 11:44pm May 20, 2010 11:44pm
Quoting FXjane
Thanks, Eulogy. I agree with you. Ongoing SNB interventions are quite obvious. But I don't believe that the SNB interventions alone should be of concern. Japan hasn't intervened in the currency market since 2004. The concern is about joint ECB, Fed, and BoJ(?) intervention.
The BoJ has been probably the most active currency manipulator over the last 5 years. Sometimes they admit it, sometimes they don't. The reason they've been quiet since 2004 is because Yen was depreciating. This has for as long as I remember, been their stated aim.

Over the past 2-3 years, they have been active, make no mistake about that. They do not announce such moves for 2 reasons; they don't want the markets to get spooked and they don't want to be seen as unilaterally taking such action.

It's easy to spot when you look closely enough. There is a thread dedicated to it on FF somewhere.
  • #225,710
  • May 20, 2010 11:53pm May 20, 2010 11:53pm
Quoting fullhouse
yip i agree..we will ht 132.80 2day ..gbp/usd is gonna fly like a rocket when uk start up ...
If G/Y does not break 129.80 down then you your target is a strong possibility... Let's see what happens now... you can see the battle going on as we speak...
Traderdesk -
  • #225,711
  • May 21, 2010 12:14am May 21, 2010 12:14am
Quoting fullhouse
raza


and here is another chart ... 1.55 looks promising for me ,, HUGE RESS level
um .............

i just confused , thats why i do not having Many Questions.

Does that kind of boo boo , Technic help you to earn money .......MY GOOD MAN FULL HOUSE.


but i am not goodly Aware of it from your chart , why you are showing . it is Nothing spacial in your chart, you had Analysis About

Thank you my good man

best Rgds

vincy balboa
DRAGON-TECHNICAL ANALYSIS!
  • #225,712
  • May 21, 2010 12:34am May 21, 2010 12:34am
Shorting G/J

Dow 9,500 tomorrow?

Good luck guys
  • #225,713
  • May 21, 2010 12:45am May 21, 2010 12:45am
Quoting ukdaytrader
The BoJ has been probably the most active currency manipulator over the last 5 years. Sometimes they admit it, sometimes they don't. The reason they've been quiet since 2004 is because Yen was depreciating. This has for as long as I remember, been their stated aim.

Over the past 2-3 years, they have been active, make no mistake about that. They do not announce such moves for 2 reasons; they don't want the markets to get spooked and they don't want to be seen as unilaterally taking such action.

It's easy to spot when you look closely enough....
Are we in a time warp or something?

http://www.forexfactory.com/showpost...stcount=160860
{Some Profound Statement goes here}
  • #225,714
  • May 21, 2010 12:45am May 21, 2010 12:45am
fat finger coming and now EY is the victim..GY soon
  • #225,715
  • May 21, 2010 12:57am May 21, 2010 12:57am
Quoting grashid
fat finger coming and now EY is the victim..GY soon
As soon as 129 is broken it will fall and I would look for 125... if the 130.5 UTL STAYS UNBROKEN...
Traderdesk -
  • #225,716
  • May 21, 2010 12:59am May 21, 2010 12:59am
Quoting bpatto
Are we in a time warp or something?

http://www.forexfactory.com/showpost...stcount=160860
TOKYO, May 21 (Reuters) - The Bank of Japan raised its
outlook for the economy by a notch on Friday and announced a loan
scheme targeting growth industries, but also warned that Europe's
debt debacle posed a risk to the global economy.
The central bank said the world's second-largest economy was
"starting to recover moderately" -- striking a slightly more
optimistic tone than in previous statements.
However, market turmoil surrounding euro zone's struggle to
limit the fallout from the Greek debt crisis and the yen's
ensuing rise against the euro clouded the outlook. The central
bank did not mention the currency, but Finance Minister Naoto Kan
warned of the potential damage of sharp yen gains.
"A close watch is needed so that yen rises do not become
excessive," he said before meeting Prime Minister Yukio Hatoyama.
Kan said the prime minister ordered him to monitor market
conditions but said the government was not considering any
specific steps on the economy for now.
He also played down the need for any global action to deal
with sharp currency and stock market swings and said there were
no plans for the Group of Seven finance ministers to discuss
market developments this weekend, the way they did two weeks ago.
"We expected the situation to calm down, but it hasn't
settled yet. But I don't think we need to do anything additional
now."
Worries about Europe's financial woes pushed the euro to an
8-½ year low against the yen on Thursday, lifting the Japanese
currency also sharply against the dollar.
{Some Profound Statement goes here}
  • #225,717
  • May 21, 2010 1:05am May 21, 2010 1:05am
Quoting Traderdesk
As soon as 129 is broken it will fall and I would look for 125... if the 130.5 UTL STAYS UNBROKEN...
128 and 127 are important too
  • #225,718
  • May 21, 2010 1:11am May 21, 2010 1:11am
Quoting Clouds
128 and 127 are important too
I am sure they are but this is just an observation of where PA could go over the coming days..... As long as the UTL currently at 130.5 stays unbroken eventually I would see 125 level reached before a retrace will occur....

Many things can occur before then including intermediary support levels so I am sure we will have subsequent discussions when we get close to those price points....

But before I get ahead of myself let's wait for 129 to fall first otherwise we could have a new picture to talk about
Traderdesk -
  • #225,719
  • May 21, 2010 1:16am May 21, 2010 1:16am
Quoting Traderdesk
I am sure they are but this is just an observation of where PA could go over the coming days..... As long as the UTL currently at 130.5 stays unbroken eventually I would see 125 level reached before a retrace will occur....

Many things can occur before then including intermediary support levels so I am sure we will have subsequent discussions when we get close to those price points....

But before I get ahead of myself let's wait for 129 to fall first otherwise we could have a new picture to talk about
yea.. 129.60 looks like good resistance
  • #225,720
  • May 21, 2010 1:27am May 21, 2010 1:27am
Quoting vincy balboa
um .............

i just confused , thats why i do not having Many Questions.

Does that kind of boo boo , Technic help you to earn money .......MY GOOD MAN FULL HOUSE.


but i am not goodly Aware of it from your chart , why you are showing . it is Nothing spacial in your chart, you had Analysis About

Thank you my good man

best Rgds

vincy balboa
srry man,,i dont know do you ask ..explain it better
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