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GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

  • #1,181
  • May 3, 2011 6:08pm May 3, 2011 6:08pm
Quoting peaches


This is realy realy hard to say, because pattern appears only at one data feed, different broker does not show this pattern.

What I show here in the chart is a doji line pattern. It is a row of 2 or more doji candles or candles with small body. Explanation is highly indicison for bears and bulls. Sounds simple, but I have only read in one book for that pattern years ago, and I only have seen it one time. This was in June 2007, where for weekly geppy appeared a doji line pattern, which was followed by an upthrust, and a large sell...

I thought gbp/usd will come down to atleast 1.6388. You think it will go up after 1.6428?
  • #1,182
  • May 3, 2011 6:24pm May 3, 2011 6:24pm
Quoting behman8850
I thought gbp/usd will come down to atleast 1.6388. You think it will go up after 1.6428?
Nobody knows.
  • #1,183
  • May 3, 2011 7:59pm May 3, 2011 7:59pm
The question of the day. Who blocked guicci again?
  • #1,184
  • May 3, 2011 11:22pm May 3, 2011 11:22pm
Quoting pkimnyc
those dojies in 1hr tf is still in tradable range. Bottom 4760, top 4900ish...
Favoring down side break. Playing the range for now. If top side gives, buy at pb. Downside gives sell at rallies.
agreed
  • #1,185
  • May 4, 2011 12:51am May 4, 2011 12:51am
is this a bullish wedge or triangle?!

thanks
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"Millionaires don't use astrology, billionaires do"
  • #1,186
  • May 4, 2011 3:09am May 4, 2011 3:09am
25 minutes , 24 , .... PMI News
  • #1,187
  • Edited 3:37pm May 4, 2011 3:10am | Edited 3:37pm
hi !

2 charts and still valid-

i see ABc correction from 140 to 131 will end very soon and we will continue the journey north-

next supp will be 139.40 after we break it--
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  • #1,188
  • May 4, 2011 3:33am May 4, 2011 3:33am
nothing better until NFP...it's usually like this in NFP week..see ya
MY OPINION NOT FINANCIAL ADVISE
  • #1,189
  • May 4, 2011 3:45am May 4, 2011 3:45am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Negative info didn't bring GBP down.

By normal interpretation standards, this means GBP is going to rebound on JPY and USD pairs.
  • #1,190
  • May 4, 2011 4:10am May 4, 2011 4:10am
Current scenario - GJ has strong support at 133.200 area.

During NFP, (2 Scenario)

1. If NFP release negative data UJ will drop hard and will bounce due to daily current scenario is at OS level. GJ will drop around 50 ~ 100 pips due to NFP News. There is posibilitis we might see GJ bounce at support area.

2. If NFP release positive data, GU & UJ will spike around 50 ~ 100 pips and break resistance area and change it to support.




Quoting apt
Negative info didn't bring GBP down.

By normal interpretation standards, this means GBP is going to rebound on JPY and USD pairs.
  • #1,191
  • Edited May 5, 2011 4:09am May 4, 2011 4:22am | Edited May 5, 2011 4:09am
Quoting PandoraBox
Current scenario - GJ has strong support at 133.200 area.

During NFP, (2 Scenario)

1. If NFP release negative data UJ will drop hard and will bounce due to daily current scenario is at OS level. GJ will drop around 50 ~ 100 pips due to NFP News. There is posibilitis we might see GJ bounce at support area.

2. If NFP release positive data, GU & UJ will spike around 50 ~ 100 pips and break resistance area and change it to support.
hi PB--

i still stand with bulish even im worried a bit-lol - still hold longs- failed on the add on at 133, but intial entries is still in--- kinda booriing PA -

i do have room until 131.00- but below that -eish i dont know- lets see--

it took 12 months to form the right side of a "possible rounded bottom" so it can take again upto 12 months to reach 160 before we finally break it-

when we finally break 139.40 it might be pretty easy to add onto supports -we just follow the left side - 139.xx ,, 147.xx . 160.xx
  • #1,192
  • May 4, 2011 6:45am May 4, 2011 6:45am
i have 3 fav pairs ATM-- GJ is one of them,but i reckon it might be slow process- while i have 2 other extreme trending pairs that might start kicking in -

i am both long -

eur/aud & gbp/aud -

while i wait for GJ to bottom,these 2 keep me busy - only eur/aud in profits and still in neg. in gbp/aud- as i went long 2 weeks ago-lol

i dont know where these 2 heads,but for sure sky high-

back to GJ - supprts @ 131,132,133-- dont know where we will finally bottom.

the drop from 140 to where we are now,looks kinda like a ABC correction-and we should continue the journey north very soon !

and the move from the weekly low's to 140 might be WAVE 1 ,and wave 2 will end soon- so we might have some fun in the coming WAVE 3 - i dont know-- but i am bullish !
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  • #1,193
  • May 4, 2011 7:34am May 4, 2011 7:34am
Quoting PandoraBox
If daily close above support (132.90), I will considered GJ still in ranging mode between 132 ~ 137.
134.30 mate?

-then 135.60 tomorrow london open-NYopen....
-then tomorrow close and going to add in 10min before NFP
- then this week close
  • #1,194
  • May 4, 2011 8:09am May 4, 2011 8:09am
Mate:

http://img215.imageshack.us/img215/9284/gjlongnow.png
  • #1,195
  • May 4, 2011 8:46am May 4, 2011 8:46am
Quoting Guchi
i have 3 fav pairs ATM-- GJ is one of them,but i reckon it might be slow process- while i have 2 other extreme trending pairs that might start kicking in -

i am both long -

eur/aud & gbp/aud -

while i wait for GJ to bottom,these 2 keep me busy - only eur/aud in profits and still in neg. in gbp/aud- as i went long 2 weeks ago-lol

i dont know where these 2 heads,but for sure sky high-

back to GJ - supprts @ 131,132,133-- dont know where we will finally bottom.

the drop from 140 to where we are now,looks kinda like a ABC...
G/a looks very nice bro.
  • #1,196
  • May 4, 2011 9:13am May 4, 2011 9:13am
Whatsupp,

Been burnt on the cable and geppy over the last few days, lost a cool 7% :/

It wasn't bad trading, just crappy exits and entries... Okay yeah bad trading haha.

Anyway, I've had a breather, going to trade EU for a week or so, before i get my confidence back.

Its in a nice supply zone at the minute, however it closed in there with lots of volume and a beautiful upthrust bar. I'm expecting a bearish h4 bar now to pull people of the fence. Looking at a 2-3day long up too 1.5090 (next supply zone) and a 10-20 minute short down to 1.4915 (bottom of supply zone).

Please don't be pissed if you're patronised by the brackets
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  • #1,197
  • May 4, 2011 9:14am May 4, 2011 9:14am
60pips up confirm then lock?
...catch u guys later in Asian
g
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  • #1,198
  • May 4, 2011 9:20am May 4, 2011 9:20am
GJ
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  • #1,199
  • May 4, 2011 11:33am May 4, 2011 11:33am
support:
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  • #1,200
  • May 4, 2011 11:48am May 4, 2011 11:48am
hit hard unless and until the yellow line which EMA 70 where the candles closes properley upwards

Sell Rallies

In daily The candle is below EMA 70 looking for more opportunitey to sell rally based on price action
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