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

  • #2,241
  • Jun 20, 2011 5:40pm Jun 20, 2011 5:40pm
Quoting Piters
our old friend daily gann

[CHART]
  • #2,242
  • Jun 20, 2011 5:43pm Jun 20, 2011 5:43pm
Quoting pkimnyc
k mate..target hit..

we may choppy here until London open.. and between the top and 4300 or 4275 [dpp]. Im off. need some sleep. had only 2h in last 24

cheers !
  • #2,243
  • Jun 20, 2011 5:51pm Jun 20, 2011 5:51pm
Quoting Piters
k mate..target hit..

we may choppy here until London open.. and between the top and 4300 or 4275 [dpp]. Im off. need some sleep. had only 2h in last 24

cheers !
same here bro. see ya in few days.
  • #2,244
  • Jun 20, 2011 6:12pm Jun 20, 2011 6:12pm
Quoting Piters
k mate..target hit..

we may choppy here until London open.. and between the top and 4300 or 4275 [dpp]. Im off. need some sleep. had only 2h in last 24

cheers !
light weight
  • #2,245
  • Jun 21, 2011 2:59am Jun 21, 2011 2:59am
Inverted H&S forming?

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  • #2,246
  • Jun 21, 2011 4:24am Jun 21, 2011 4:24am
Quoting Mpt
Inverted H&S forming?

Attachment
weekly=daily=welcome to the moon...131.3-133 next.

tomorrow MPC going to overshoot like hell as BOE going to increase the rate next month?..otherwise ranging like hell for a few week? all in all my post during weekend look like still valid as of today
  • #2,247
  • Jun 23, 2011 12:38am Jun 23, 2011 12:38am
Based on weekly chart, yes GJ will reverse soon and when weekly reverse 500 ~ 800 pips is confirm.

Patience is require when you trade this pair.



Quoting grashid
weekly=daily=welcome to the moon...131.3-133 next.

tomorrow MPC going to overshoot like hell as BOE going to increase the rate next month?..otherwise ranging like hell for a few week? all in all my post during weekend look like still valid as of today
  • #2,248
  • Jun 23, 2011 1:13am Jun 23, 2011 1:13am
Quoting ukdaytrader
Quick chart before I have to run. Won't be at my PC for a few days.

Attachment

Daily GY chart.
H&S neckline 1, (white line), was broken, but a second neckline, (Blue horizontal) @ 130 held.

BUT, there is something i'm keeping my eye on....

The last swing HiLo fibo 618 sits at 129.3 and tbh I was expecting price to test this area. 128.30 was also on my radar because it represents an FE100 of a bearish HD from 137.

IF, and it's a big IF, price retraces to the 784 fibo level @ 126.5, I will likely bet the farm, missus, kids and...
Still valid.
I agree, we'll reverse soon, but 128.3 is still on the radar and 126.5 an outside possibility.
Major bull run afoot though imo.....
  • #2,249
  • Jun 23, 2011 2:55am Jun 23, 2011 2:55am
Quoting budak baru
hi guys.for next week 128.32 is my first target.close below will be more interesting...
still to my target.
Gold Expedition Return This Year: -15.9%
  • #2,250
  • Jun 23, 2011 1:14pm Jun 23, 2011 1:14pm
Whoooza !!

I am sooo sure E/U is heading for that 1.48 level - but on the other threat, they kept selling for parity- I guess so NOT-

Glad I took all out - almost at the top - and reloaded again a tat to early (2day LOL) -but no worries- 1.48 is soooner , rather than later.

GJ-- I'm still stand with 2 pending's long AT .....

133.00

128 .00

Either one will hit and 146 still stand

I went long on E/J @ 114.40 and got stopped out -again a silly close stop, but soon re- entered again

E/J might move quicker through the levels while GJ stuck around at these low's


But both is ok for bullish -

Keep buying the dips on euro
  • #2,251
  • Jun 23, 2011 1:23pm Jun 23, 2011 1:23pm
Quoting comeback kid
Whoooza !!

i am soooooo sure E/U is heading for that 1.48 level - but some over on the other threat keep an banging for parity- i guess NOT-

glad i took all of almost at the top and reload again n tat to early 2day-but no worries- 1.48 is soooner ,rather than later to get tested and thats BEFORE we will see 1.4 -

GJ-- im still stand with 2 pending's long AT .....

133.00

128 .00

either one will hit and 146 is ssoo to say a given here- but when ?? dont bother


i went long on E/J @ 114.40 and got stopped out -again...
cool mate.. pssst .. be careful this time...
  • #2,252
  • Jun 23, 2011 1:36pm Jun 23, 2011 1:36pm
this is what ive been seen from last week- this is the start of a daily triangle- and it was mention that we top here for next 3 months before we break-out either side - ( i say bullish)

but up and down between 1.41 and 1.48 until oct. or so- ( next 2 to 3 months)

swing trading is OUT -- daily 100 to 200 pips is the way to go - i will prob looking for shorts " if " we hit 1.4770/1.48 - for the next leg down-

lets see - im not up to date about greece stuff- as this is purely technical-
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  • #2,253
  • Jun 23, 2011 2:24pm Jun 23, 2011 2:24pm
Quoting budak baru
still to my target.
Been on board, may go lower
  • #2,254
  • Edited 3:49pm Jun 23, 2011 3:33pm | Edited 3:49pm
this is my view ! - in colourfull mode

this is the real begining of a triangle - it only looks like one- not sure yet - if we get upto 1.4770/1.4800 and drop str8 back down to +- 1.4200, then its surely a triangle - so it can break both ways, and i reckon the daily TL will play later a role for the last test and shoot up north-

lets see- rougly prediction for the next 3 months -

longs and shorts is good until then

top 1.48 and bottom 1.42

if we break down below 1.40/1.41 then a bigger ABC is then in play for possible 1.37/1.38 ( daily TL ) but until then i see a triangle

G-

i am not bearish -- !!!!

if you count the waves starting wave 1 as from the 2nd touch of the daily TL - then its clearly 3 waves up then this whole triangle is wave 4 -so we should go up (technical) to 1.5 plus later on- ( so tells me why is the EW gurus so bearish ? now this (me ) no EW trader count a basic 3 wave up ?? wave 5 should be coming -- pointing to infintis

dont bother about greeece - my commen sense tell's me US ,UK and the rest of the world will safe or munipulate the euro so it wont collapse

euro are here to stay !

weaker US $ is the way to go !

i dont know-
play the charts -

follow the money
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  • #2,255
  • Jun 23, 2011 4:47pm Jun 23, 2011 4:47pm
i know 128.00 is going to test- and i dont see that we will go lower as 127.40- 125.40

i am mentally ready for a bull rally from 127 to 145 with a hard stop - as i am def. not anymore in the mood for swing trading this pair- or even bother about daytrading

i am going to set and forget - its not even worth a damm penny to even look at it . but i cant leave it aside and let it go to 145 without me joining the train - so bettter play is set-forget-collect (hopefully before 2012)

i know time is JENG - but hell - eur/nok might be a better option or even ZIM$/USD

2 entries

1st. long @ 128.06 SL @ 126.90 , if fail

long @ 125.50 or 126.50 first sign of a bottom - if this fail --

WELCOME TO THE JUNK BOX -----------> gbp/jpy

its soo hard to ignore GJ if you trade this pair for 10+yrs - ill rather quit smoking -sounds easier

and serisuly this dragging game in no mans land, can go on for years


PS... euro untest level sits right @ 50% fib @ 1.4201 - kiss-kiss
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  • #2,256
  • Jun 23, 2011 5:33pm Jun 23, 2011 5:33pm
here is soo many plays on euro up and down -

1.4345 and 1.4385 is deadly ress levels that might be a H&S look a like type on entry here ?

here is 2 charts -

as i say long and short is good -

but i am keep buying dips where i can-but hit and run it-

i will most likely hit and run this 1.4345/85 aswell to the short side

double bottom @ 1.4080 is possible -but maybe a another H&S failure like always

i am still bullish -and have fun
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  • #2,257
  • Edited 8:36pm Jun 23, 2011 6:53pm | Edited 8:36pm
Supply and Demand Trade of the Day for the GU
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  • #2,258
  • Jun 23, 2011 7:00pm Jun 23, 2011 7:00pm
i don't really understand most of the terms used here, but i can still grasp a little though, for the eur/usd, i entered at 1.4210 and took in a mere 40 pips, my tp was at 1.4350, cos i knew even traders were not that ignorant as to buy the eur back up to 1.4300 level... then for the g/j that's a very tricky one, i sold it in the early hours of the market and bought it at the closing hours... some 20 pips thereabout.... its been a good day, and i think i'll just watch from the sideline for now......
  • #2,259
  • Jun 24, 2011 12:42am Jun 24, 2011 12:42am
GBP/JPY its look bearish yesterday closed bellow the weekly support, which mean that price will drop fearther dawn 128.700 looking to take some pips befor the market closes. suspecting that the price may drop to 127.680 good luck.
  • #2,260
  • Jun 24, 2011 6:44am Jun 24, 2011 6:44am
Quoting PandoraBox
Based on weekly chart, yes GJ will reverse soon and when weekly reverse 500 ~ 800 pips is confirm.

Patience is require when you trade this pair.

http://www.forexfactory.com/showthre...53#post4704853

i saw at yellow chanelling ~ 127.50-127.20/30

128-127.50-127.20/30-126.80-126.40/30 will be my swing setting neext week....buy dip should on by Monday London close..perhaps

bb next monday and enjoy your weekend

g
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