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

Daily

Honeybhi and all contributors ...Thanks for posting.

thanks for your posts honeybhi

what made GJ TO Fly Today

gold reached the upper TL and rejected

uj started to fly as well

GJ started to move even before the employment report mid afternoon.

This kind of sudden move where the GJ now a days range like hell and makes a big move up or down kills the retail trader crossing all the trend lines and barriers.

From the big picture GJ weekley may be it is aiming for 23.6 fib which is around 141. For that to happen

UJ has to move, gold has to come down. But when it comes to gold any dam dip is bought

Daily has opened the gates to bullish side.

Those not in long should wait for pullback to atleast 131.60/70 area.

Else buy on the break of yellow line.

Whether the charts are correct or wrong ,I do expect everyone to post here.After all we are here to learn and share our thoughts.

Good day to all.

Hi,
i think there is strong resistence at 133, from the weekly - getting past that is going to take some momentum.
what do you think?
cheers,
vince

[quote=harigp;4162296]From the big picture GJ weekley may be it is aiming for 23.6 fib which is around 141.

I agree with you as I have a similarly supportive fib. However, I was wondering if you have a timeframe for this move to occur? (i.e next 2 weeks?)

Time for Japan to intervene soon................?

This week or next week or today .........

gold is under pressure GJ CHART h4 after some consolidation . EMA 150
is the big resistence on daily

Ain't gonna happen during this crisis ... their leadership is weak, confused & feeble - undeserving of all their perks, and failing to see what's ahead for their people. They're not acting like a very sovereign Japan.

Adding an interesting bloomberg article re Japan & their new spendthriftiness, along with Hooter's appeal:

Hooters Shows Why Deflation May Never Go Away

... Japan’s sclerotic politics are a key part of the problem. Dealing with a new prime minister every eight months or so doesn’t instill hope. Politicians who spend more time debating how to raise taxes than protecting living standards don’t help, either. ...

It’s all a far cry from the bubble years when fat expense accounts and surging wages supported a thriving entertainment industry. A group of businessmen could easily drop $2,000 at a hostess club in Ginza, Akasaka or Roppongi. The gloom of the 1990s and deflation of the 2000s dented Japan’s so-called water trade in a way few could have imagined in the 1980s. ...

Japan’s waning stature is manifesting itself geopolitically. China surpassed Japan as the world’s second-largest economy in the second quarter. Spats since then show how little time officials in Beijing seem to have for their peers in Tokyo. A dispute over a fishing-boat captain in September drew a tantrum from China. Japan quickly backed down. ...

Deflation is deepening because no one believes it will be defeated over the next several years. That mindset has morphed the once free-spending Japanese into yen-pinchers. It also has many a politician, corporate executive and investor needing a drink. Perhaps even at Hooters.

GBPJPY long 133.10
sl ~ 25, tp ~ 75

SL 25 is nothing for GJ you are alreadey hit with the SL

yep! fully agree!! it´s really nothing...for this pair

Hi All,

Just my point of view, i won't buy at this level (4H short bias, and im short 132.90)

just simple fact, we are at the top of the channel and bearish divergence on 4H.

Green pips to all.

HI chart shows double top eventhough gold is under lot of pressure UJ is not moving up. But i am still looking up the the horizontel line in the char HI

As usual EMA 150 is not event touched daily

One GJ trade if it clicks will take you to the roof top then you can come back after one month.

GU 1.5815 is important watch for it end of this week

POMO tomorrow, and all of next week, could bring dollar weakness, dropping UJ. I'm thinking down for GJ too, as to where, I have no clue, strong support @ 131.

forextineorextinePOMO tomorrow


can you explain POMO tomorrow

Today is the last day of trdg

tomorrow for me, it was only 11pm for me.

POMO, http://www.newyorkfed.org/markets/to..._schedule.html