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Daily GBP/JPY analysis

  • #16,101
  • Aug 31, 2011 12:27am Aug 31, 2011 12:27am
The trend is looking very strong. Me thinks that this baby is gonna see a bottom today around 124,50-124,70 level where it may be a buying pressure on the table. Im personally already long but more on a "medium term" position.

My next orders are around that level to run it up back there. The next resistance up there is at 125,50/70 level where it is gonna test the upside pressure.

GBP sold all over the board - this week we still wait for GBP results on thursday and friday. We could get a clearer picture when we get this data.

JPY is a hard madaFaka so it is gonna be a interesting battle on my behalf. My SLs will be placed under 123 level and will try to get some movement also on 123.30 resistance in the upcoming days/weeks.
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  • #16,102
  • Aug 31, 2011 3:48am Aug 31, 2011 3:48am
Quoting 21vs7
The trend is looking very strong. Me thinks that this baby is gonna see a bottom today around 124,50-124,70 level where it may be a buying pressure on the table. Im personally already long but more on a "medium term" position.

My next orders are around that level to run it up back there. The next resistance up there is at 125,50/70 level where it is gonna test the upside pressure.

GBP sold all over the board - this week we still wait for GBP results on thursday and friday. We could get a clearer picture when we get this data.

JPY is a...

OK, I will take this as a pinbar in my supply area!

Now we have to see maybe a nice pinbar also on 1h candle (close in 15 minutes around 124,83) - or at least another test of 125 level. Otherwise we still have a 124,50 to break for SLs
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  • #16,103
  • Aug 31, 2011 8:10am Aug 31, 2011 8:10am
Quoting 21vs7
OK, I will take this as a pinbar in my supply area!

Now we have to see maybe a nice pinbar also on 1h candle (close in 15 minutes around 124,83) - or at least another test of 125 level. Otherwise we still have a 124,50 to break for SLs

OK, as said we had a run down to 124.50 level to get some SLs from last 3 days...
This baby now tests 125.0000 - will see what US open will bring on a plate.
Of course there is always JPY on a menu but I think also GBPUSD is about to blast up-there - at least the pinbar on 4H looks delightfull.

Next target up is around 125,50 - 125.70

Down - again a test of 124.50
  • #16,104
  • Aug 31, 2011 8:23pm Aug 31, 2011 8:23pm
A clean break above the 125.11 will set the stage for 125.72.......play set for today for 100/200 point swing either way.
  • #16,105
  • Aug 31, 2011 8:27pm Aug 31, 2011 8:27pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting amu123
A clean break above the 125.11 will set the stage for 125.72.......play set for today for 100/200 point swing either way.
I'm long right now...have been for the last 24 hours.....
  • #16,106
  • Aug 31, 2011 10:35pm Aug 31, 2011 10:35pm
Quoting 21vs7
ok, i will take this as a pinbar in my supply area!

Now we have to see maybe a nice pinbar also on 1h candle (close in 15 minutes around 124,83) - or at least another test of 125 level. Otherwise we still have a 124,50 to break for sls

Quoting 21vs7
ok, as said we had a run down to 124.50 level to get some sls from last 3 days...
This baby now tests 125.0000 - will see what us open will bring on a plate.
Of course there is always jpy on a menu but i think also gbpusd is about to blast up-there - at least the pinbar on 4h looks delightfull.

Next target up is around 125,50 - 125.70

down - again a test of 124.50

this is what i am seeing on my end.
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  • #16,107
  • Sep 1, 2011 12:27am Sep 1, 2011 12:27am
Quoting dddd
this is what i am seeing on my end.

Yes, would agree that the main trend is down. The "great" trendlines go by 128,60 and it chopes down every buy it goes up around 126,50 for now.

Would also agree about the 125,10/30 resistance, which could easily be our next support for a break up, as said by amu123.
For a long setup we should not see today prices lower than 123,80 and a close around 125,10 level.

ATR levels for today are:

Long 125,77
Short 124,15

In my eyes also important level for today is 124,70. I think we should see a play around this area also.

Happy pippin!
  • #16,108
  • Sep 1, 2011 12:49am Sep 1, 2011 12:49am
Quoting dddd
this is what i am seeing on my end.
update:
risked -20 pips, up by +20 pips. moved to B/E at 124.86. final pt = 124.27, i expect support pain at 124.50
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  • #16,109
  • Sep 1, 2011 2:01am Sep 1, 2011 2:01am
Quoting dddd
update:
risked -20 pips, up by +20 pips. moved to B/E at 124.86. final pt = 124.27, i expect support pain at 124.50
retraced all the way from +30pips, i am out at B/E. 124.56 was too strong for it.

her sister, EUR/JPY, has the exact same chart pattern...doing great
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  • #16,110
  • Sep 1, 2011 4:36am Sep 1, 2011 4:36am
Quoting dddd
retraced all the way from +30pips, i am out at B/E. 124.56 was too strong for it.

her sister, EUR/JPY, has the exact same chart pattern...doing great
update on eur/jpy. final target reached.
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  • #16,111
  • Sep 1, 2011 4:44am Sep 1, 2011 4:44am
Quoting dddd
update on eur/jpy. final target reached.

nice work there on EJ

market choppy today... We could easily see anything as it stands now!
  • #16,112
  • Sep 1, 2011 3:58pm Sep 1, 2011 3:58pm
my view on this particular moment.
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  • #16,113
  • Sep 1, 2011 5:55pm Sep 1, 2011 5:55pm
Quoting 21vs7
nice work there on EJ

market choppy today... We could easily see anything as it stands now!

thank you, most humbled.


Quoting 21vs7
The trend is looking very strong. Me thinks that this baby is gonna see a bottom today around 124,50-124,70 level where it may be a buying pressure on the table. Im personally already long but more on a "medium term" position.

My next orders are around that level to run it up back there. The next resistance up there is at 125,50/70 level where it is gonna test the upside pressure.

GBP sold all over the board - this week we still wait for GBP results on thursday and friday. We could get a clearer picture when we get this data.

JPY is a hard madaFaka so it is gonna be a interesting battle on my behalf. My SLs will be placed under 123 level and will try to get some movement also on 123.30 resistance in the upcoming days/weeks.
funny, how we can both be right on the same thing even though we are taking opposite trades. love the market. NICE JOB. You nailed the reversal at 124.55

Quoting dddd
update:
risked -20 pips, up by +20 pips. moved to B/E at 124.86. final pt = 124.27, i expect support pain at 124.50
the silly GBP/JPY EVENTually went down to original price target of 124.27 after kicking me out at B/E what a tease gbp/jpy is.
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  • #16,114
  • Sep 1, 2011 6:05pm Sep 1, 2011 6:05pm
Quoting longshot_nl
my view on this particular moment.
just my two cent. i will have long bias, after those trendlines(in chart below) have been decisively broken, bounced off, slapped, and beaten to death preferably with a machete.
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  • #16,115
  • Sep 1, 2011 7:16pm Sep 1, 2011 7:16pm
Since Jeb has gone on vacation, this thread has really gone to the dogs. The title of the thread is, "Daily GBP/JPY analysis" and now it has been hijacked by people who post anything and everything. So everytime I come here I have to wade through completely useless information that offers nothing to people who thought it was a GBP/JPY thread.

If you are going to post opinions about other pairs, please make a thread with a relevant title.
  • #16,116
  • Sep 1, 2011 7:28pm Sep 1, 2011 7:28pm
Quoting Betting
Since Jeb has gone on vacation, this thread has really gone to the dogs. The title of the thread is, "Daily GBP/JPY analysis" and now it has been hijacked by people who post anything and everything. So everytime I come here I have to wade through completely useless information that offers nothing to people who thought it was a GBP/JPY thread.

If you are going to post opinions about other pairs, please make a thread with a relevant title.
my apologies. i will refrain from doing that. this will be my last post on this thread. it has been a pleasure.
  • #16,117
  • Edited 7:49pm Sep 1, 2011 7:32pm | Edited 7:49pm
Quoting Betting
Since Jeb has gone on vacation, this thread has really gone to the dogs. The title of the thread is, "Daily GBP/JPY analysis" and now it has been hijacked by people who post anything and everything. So everytime I come here I have to wade through completely useless information that offers nothing to people who thought it was a GBP/JPY thread.

If you are going to post opinions about other pairs, please make a thread with a relevant title.

You will find he also posts on the thread titled "An Elliot Wave Technical Analysis For Gbp Vs Jpy". At this time, I would suggest GJ is still in wave B inside an ending diagonal triangle.
  • #16,118
  • Sep 1, 2011 10:53pm Sep 1, 2011 10:53pm
maybe AB=CD pattern comming.
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  • #16,119
  • Sep 2, 2011 12:01am Sep 2, 2011 12:01am
Quoting dddd
thank you, most humbled.


funny, how we can both be right on the same thing even though we are taking opposite trades. love the market. NICE JOB. You nailed the reversal at 124.55

the silly GBP/JPY EVENTually went down to original price target of 124.27 after kicking me out at B/E what a tease gbp/jpy is.

SPOT on!!

Keep on rocking mate!

Just do not take some crap from others mate! Keep on posting!
  • #16,120
  • Sep 2, 2011 8:44am Sep 2, 2011 8:44am
NEWS,DATA,GOLD,LONG TERM PATTERN, SHORT<SHORT<SHORT ,see you at the bottom!!!
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