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

smoking that waki baki again

and why exactly is that?

how much longer???

IMO,after testing the local resistance at 133.53, prices should go up to around 134.10, and then we shall see what gbpjpy will prepare for us, probably go back down again..

Another EOD GY bottoming to 133.5 has been necessary but held and is seeing mild relative but light afternoon buying, but rest assured lots of selling and lack of interest at play here. S&P is going to finish the day in the dumpster, all 4 days this week and I expect the same tomorrow. If S&P can close above 1082 (today) there might be some upside bounce tomorrow on the index, but I think both equities and GJ are likely to set new weekly lows.

GY seems to be getting more bearish as the week goes on with less of an ability to rise - NY's not allowed it to rise past 50% of the London high; we should see a drift up to the DPP around 134.4 like last night, but trajectory higher doesn't look good IMO. We also need a visit to 133 to see what will happen there. GU is a bit of a wild card, but I'm thinking it's topline 1.5 rejection is done and the sterlings will head down with a negative US equity session - not sure what FTSE will bring on Friday (sterling & FTSE correlation seems lower). Good news or EUR intervention would change this scenario, but wrapping up on a positive and up note for Friday seems unlikely.

I was predicting earlier that Europe's equity losses of 1.5% would be matched by NY's, and we're there. GY and GU will deliver their lower levels soon.

Grashid, wonderful bottom entry earlier - hopefully you got some pips on the 80 pip ride up, assuming you didn't get stopped out in this last hour. I find it always a bummer when you get a bounce like that, but don't book any pip profit.

because i got hourly resistance at 133.71

Hourly support you mean!!!

Should we break this freakin" 133.7 and we are heading slowly down to 132.25ish 1st then 130.80 area, 129.5 and finally 128. so watch for bounce at these areas. If not we are heading back up from here to 135.10, 136.6, 138, 139.5 and 141.http://cdn.forexfactory.com/images/icons/icon12.gif These are the levels you newbs should be looking for. Now you will ask what are these levels and my answer is Support and resistance. There is your plan for the next few days for free. Good luck in trading them! My gift!http://cdn.forexfactory.com/images/icons/icon14.gif Major move coming up, plenty of pips to grab!
Cheers!!
E

We broke the ltl in NY and asia manages to only take the price down three pips below their open for a millisecond in their first six hours.

GRRRRRRRRRRRRRRRRRRR

Look at it like this: up in Asia , down in European session ; I ha ve also noticed a shift in the structure of GJ pa; it is a few days that moves are not happening over aisian session; it hasn't been like this at least for the past fea months; it is just a few days that we have this kind of pa or maybe it is better that I say PNA ( price not action).

look 15min chart.. last few days we are in choppy range... Usually GY moves 270 pips [high-low] on daily.. but last few days we are in 120-170p range..

we are in "compression Mode", take few Karmocylin pills, and chill; When we breakot [up or Down] you'll see typical GY move... GY knows sometimes to chop in "Compression Mode" before explode on either way..

cheers..

EU n GU in a best to ..........

200SMA on H4 is holding strongly from last 10 days. that is the key now I believe now. we need to close below that to go lower. As of now I am scalp long at 133.35.
happy pipping!

Possible double bottom on 1H chart if 134 is broken. If not, then price will range between 133 and 134. I think if the double bottom is confirmed, it should be a good trade from 134 to 136.

well closed it with quick 60 pips. playing safe. will look for another chance!

China's currency rises to new high ahead of G-20

http://finance.yahoo.com/news/Chinas...&asset=&ccode=

Maybe this will help fuel the bull run. Beginning of this week, GJ made a run up to 136 also due to news that China would let the yuan strengthens.

Quote: Originally Posted by hindart http://cdn.forexfactory.com/images/buttons/viewpost.gif
200SMA on H4 is holding strongly from last 10 days. that is the key now I believe now. we need to close below that to go lower. As of now I am scalp long at 133.35.
happy pipping!

well closed it with quick 60 pips. playing safe. will look for another chance!

Wow! that is great!. collected pip to pip.

and well plan tho...

http://noir.bloomberg.com/apps/news?...d=ad5ElcZekFJQ

http://noir.bloomberg.com/apps/news?...KhoIOzec&pos=3

I was not talking just to be flapping my gums. I still smell a huge selloff sometime this morning. Be carefull with longs. I have seen 500 pip selloffs on G/J on Friday before.

Jim

I also feel the same because today daily LTL is BO,once bounce from it , yes should be huge sell off. Daily close will give us interesting for next week.