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

  • #234,181
  • Feb 26, 2011 8:10pm Feb 26, 2011 8:10pm
GBPJPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj-d1.gif Size: 34 KB
Click to Enlarge Name: gj-h4.gif Size: 36 KB
  • #234,182
  • Feb 26, 2011 8:19pm Feb 26, 2011 8:19pm
these are the major trend lines that I see on 1H chart
maybe the lower trend line hold the price until it retest the higher TLs supported by last daily candle close.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hs.jpg Size: 170 KB
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File Type: tpl major trend lines.tpl   456 KB | 300 downloads
  • #234,183
  • Feb 26, 2011 8:47pm Feb 26, 2011 8:47pm
Quoting anthoniex
GBPJPY
Hi bro, hope you are doing well..
excuse me for using your chart, seem like we have strong triangle on daily..
Attached Image (click to enlarge)
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  • #234,184
  • Edited Feb 27, 2011 1:32am Feb 26, 2011 10:23pm | Edited Feb 27, 2011 1:32am
just a thought.

It may go up.. but 139.54 needs to break to convince me..

I will short this every chance I can get below 139.52 which is marked with red line on the chart..above that i will take the loss..

If it does not go below 1.18xx.. least it can do is make a Double bottom and we may just have a box range from 163.xx to 118.xx.

There is no real support after 129.30 till 118.xx

Trade your charts.

u/cad has also gone down as predicted few months ago AND STOPPED AT predicted price.. If 0.9680 breaks then there is a major problem...........
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 169 KB
Markets are not Random, they are designed!
  • #234,185
  • Feb 27, 2011 10:44am Feb 27, 2011 10:44am
Quoting maanawi
Hi bro, hope you are doing well..
excuse me for using your chart, seem like we have strong triangle on daily..
I hope you're the same. No problem at all.

ant-
  • #234,186
  • Feb 27, 2011 10:59am Feb 27, 2011 10:59am
Quoting Raza
just a thought.

It may go up.. but 139.54 needs to break to convince me..

I will short this every chance I can get below 139.52 which is marked with red line on the chart..above that i will take the loss..

If it does not go below 1.18xx.. least it can do is make a Double bottom and we may just have a box range from 163.xx to 118.xx.

There is no real support after 129.30 till 118.xx

Trade your charts.

u/cad has also gone down as predicted few months ago AND STOPPED AT predicted price.. If 0.9680 breaks then there is a major problem...........

i wish anyone here know where gj is going...why no support after 129...market can always find support or resistance this is what i have on my chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 2-27-2011 6-55-10 PM.png Size: 38 KB
MY OPINION NOT FINANCIAL ADVISE
  • #234,187
  • Feb 27, 2011 11:30am Feb 27, 2011 11:30am
Quoting Raza
just a thought.

It may go up.. but 139.54 needs to break to convince me..

I will short this every chance I can get below 139.52 which is marked with red line on the chart..above that i will take the loss..

If it does not go below 1.18xx.. least it can do is make a Double bottom and we may just have a box range from 163.xx to 118.xx.

There is no real support after 129.30 till 118.xx

Trade your charts.

u/cad has also gone down as predicted few months ago AND STOPPED AT predicted price.. If 0.9680 breaks then there is a major...

THE FALL:
Japanese end of year accounting season is on the 31st of March,every year.

Japanese yen is a low yield currency. As a result, most investors borrow the currency at a low cost and invest in high yield currencies such as British Pound, Australian Dollars, etc.. Some invest same on US stock and/or, bound.

Toward the end of February, these borrowers start paying back the borrowed funds. Also, commercial traders who are aware of this fundamental place 80% of their short position on these Japan crosses.That is the major reason why we always see heavy fall on the Japanese crosses in these few weeks. Often, this fall last for 2-3 weeks dropping between 1000 -2000 pips.


REBOUND:
At most, by the 2nd week in March, all her borrowers must have paid back all the yen lend to them. Hence, new fund will be available to new investors/borrowers and /or,renewal of old fund which had been repatriated. BIG players will therefore start adjusting their positions: taking profits;reducing their short positions and/or opening long positions.

I have made close to 200% in one of my accounts trading GBP/JPY based on this fundamental last week. It happens each year(scroll back on past years charts)

For sure I have a good technical system which generates 80% win, but I
always take advantage of strong fundamentals,taking the trades via my technical set-ups.

NB: THESE FUNDAMENTALS ARE WHAT TRANSLATES TO WHAT YOU SEE IN YOUR TECHNICAL ANALYSIS!
God is good
  • #234,188
  • Feb 27, 2011 11:43am Feb 27, 2011 11:43am
Quoting donfriday
i wish anyone here know where gj is going...why no support after 129...market can always find support or resistance this is what i have on my chart.
weekly gann at 129.11
  • #234,189
  • Feb 27, 2011 12:34pm Feb 27, 2011 12:34pm
Quoting MEKUS
THE FALL:
Japanese end of year accounting season is on the 31st of March,every year.

...
Good to know. Thanks
  • #234,190
  • Feb 28, 2011 12:45am Feb 28, 2011 12:45am
possible up move through 132
Trade what you see, Not what you think.
  • #234,191
  • Feb 28, 2011 12:54am Feb 28, 2011 12:54am
If GJ break the resistance at 132.40, next will be 135


Quoting khizer
possible up move through 132
  • #234,192
  • Feb 28, 2011 2:16am Feb 28, 2011 2:16am
hi guys...
Attached Image (click to enlarge)
Click to Enlarge Name: gj311.png Size: 35 KB
Gold Expedition Return This Year: -15.9%
  • #234,193
  • Feb 28, 2011 2:36am Feb 28, 2011 2:36am
Quoting budak baru
hi guys...
Hi B.
I start short with target at 132.17 , looks like a mad week
  • #234,194
  • Feb 28, 2011 3:11am Feb 28, 2011 3:11am
my chart
Attached Image (click to enlarge)
Click to Enlarge Name: gj100.gif Size: 28 KB
  • #234,195
  • Feb 28, 2011 3:24am Feb 28, 2011 3:24am
Dragon i have 13319 as R but with other GBP pairs looking strong its a high RR trade ......
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  • #234,196
  • Feb 28, 2011 8:06am Feb 28, 2011 8:06am
Quoting anthoniex
GBPJPY
GBPJPY
watching signs of weakness for possible short
same level as TRJ, previous post
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 31 KB
  • #234,197
  • Feb 28, 2011 8:22am Feb 28, 2011 8:22am
Quoting maanawi
Hi B.
I start short with target at 132.17 , looks like a mad week
just short gj M.100 pip target with 50 sl
Attached Image (click to enlarge)
Click to Enlarge Name: gj311.png Size: 35 KB
Gold Expedition Return This Year: -15.9%
  • #234,198
  • Edited 1:58am Mar 1, 2011 1:08am | Edited 1:58am
im taking short now with target to 132.27 ( small trade with no SL)
maybe breaking the trend line (45*) give better confirmation imo
**132.60 first target.
Attached Image (click to enlarge)
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  • #234,199
  • Mar 1, 2011 1:39am Mar 1, 2011 1:39am
We are trading above daily ,weekly and monthly pivot.

I will only look for longs, till monthly pivot is holding at 133.20

No sell imo.

134.62 to be tested soon.
  • #234,200
  • Edited 3:07am Mar 1, 2011 2:51am | Edited 3:07am
Careful betting the farm long. Pretty huge divergence in play with a target area of approx 133. We've also hit the 0.618 fibo from 135 - 131, so further upside should be difficult from here. Kudos to Cohiba for making me aware of the 0.618.

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 16 KB
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