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Daily GBP/JPY analysis

  • #16,161
  • Sep 21, 2011 3:27pm Sep 21, 2011 3:27pm
Quoting nikim
its really hard to get a solid read on GBPJPY especisally when there is the possibility of the BOJ intervention
U/J has been contained the last while with-in 100-150pip swings from 76 to 77.5ish area. The run down is coming from the G/U.. If 1.550 doesn't hold, then 1.5300 would be the next level, so 116 is what I might expect next, followed by the possibility of 114..
  • #16,162
  • Sep 22, 2011 4:21am Sep 22, 2011 4:21am
Quoting 21vs7
OK, I was saying that reminds me of 2007-2008 years. Still it is not over. All levels downthere which we are mentioning are bound to happen

thumbs up!

there are no more support levels around JPY pairs!
  • #16,163
  • Sep 22, 2011 5:27am Sep 22, 2011 5:27am
About the JPY pairs- where is the goverment? Why after the tsunami (16.3.11) when the gbp/jpy price was 124 she sell JPY, but now the gbp/jpy is 117.6 she doesn't do anything?
  • #16,164
  • Sep 22, 2011 6:01am Sep 22, 2011 6:01am
Quoting Tal1983
About the JPY pairs- where is the goverment? Why after the tsunami (16.3.11) when the gbp/jpy price was 124 she sell JPY, but now the gbp/jpy is 117.6 she doesn't do anything?

Remember this - NO CENTRAL BANK IN THE WORLD DID AND WILL NEVER BEAT THE MARKET - period.
  • #16,165
  • Sep 22, 2011 6:09am Sep 22, 2011 6:09am
Quoting 21vs7
Remember this - NO CENTRAL BANK IN THE WORLD DID AND WILL NEVER BEAT THE MARKET - period.
I know, but still they sold and it went up to 138
  • #16,166
  • Sep 22, 2011 7:58pm Sep 22, 2011 7:58pm
Gbp vs Jpy (1H) - At the moment, favourably I believe market will perform another bearish continuation trend scenario either refering to the alt counts in aqua or magenta. A pullback from the pivot critical line or FR 38.2% would bolster to this scenario. Otherwise, we may see a potential bullish reversal trend scenario in yellow.

Gbp vs Jpy (Weekly) - At the moment, I believe market in progress to complete major wave 5. A potential of "Bear Trap" or bullish reversal trend scenario in yellow is still remain to be seen. Happy weekend and good luck.
Attached Image(s) (click to enlarge)
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  • #16,167
  • Sep 23, 2011 9:17pm Sep 23, 2011 9:17pm
It is impressive to see all yen pairs close a bullish daily candle at high price which hadn't appear from long long days.

Is this a preparation of something big?! Might be
  • #16,168
  • Sep 25, 2011 4:23am Sep 25, 2011 4:23am
Quoting MoneMaker
It is impressive to see all yen pairs close a bullish daily candle at high price which hadn't appear from long long days.

Is this a preparation of something big?! Might be
hi traders

i am looking at the yen pairs too.
i wonder how would one trade it for next week?

http://www.forexfactory.com/showthre...46#post4984746
  • #16,169
  • Sep 25, 2011 7:38pm Sep 25, 2011 7:38pm
Preferably, I believe market in progress to complete either subwave 4 in magenta/aqua or subcorrective wave a in yellow before expecting for another bearish continuation trend scenario either to perform subwave 5 or subcorrective wave b. A pullback either from the FR 50% or upper green trendline would bolster to this scenario. Good luck.
Attached Image (click to enlarge)
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  • #16,170
  • Sep 25, 2011 9:34pm Sep 25, 2011 9:34pm
Quoting longshot_nl
114.63 suddenly looks realistic.
If i am right about 114.6 then a pullback to 122.1 ish would give a very good setup on 114.6. (wave 1 = wave 5)
Attached Image (click to enlarge)
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  • #16,171
  • Sep 25, 2011 9:37pm Sep 25, 2011 9:37pm
Quoting longshot_nl
If i am right about 114.6 then a pullback to 122.1 ish would give a very good setup on 114.6. (wave 1 = wave 5)
you're an elliot wave trader that just trades basic waves and s/r?

wow... nice.

i trade the waves looking for pullback entry or even trading the pullback. But i really on supply/demand more, plus a few other indicators.
Have I got something on my face, SOLDIER?
  • #16,172
  • Sep 25, 2011 9:46pm Sep 25, 2011 9:46pm
Quoting bumapatria
you're an elliot wave trader that just trades basic waves and s/r?

wow... nice.

i trade the waves looking for pullback entry or even trading the pullback. But i really on supply/demand more, plus a few other indicators.
This is how i trade:
i learn, i learn and i learn.
Then i make clean charts and try to make sense of it with what i have learned.
In personallity i am a wave trader.
But i use as much as possible to make sense of it.
Elliott wave theory i also use and SR i also use.

p.s. don't trade wave 4, just the bottom of wave 5 if wave 4 happens.
  • #16,173
  • Sep 26, 2011 1:42am Sep 26, 2011 1:42am
Quoting MoneMaker
It is impressive to see all yen pairs close a bullish daily candle at high price which hadn't appear from long long days.

Is this a preparation of something big?! Might be

this is going down for at least 5%! JPY is the game right now!
  • #16,174
  • Sep 27, 2011 8:05pm Sep 27, 2011 8:05pm
Gbp vs Jpy (1H) - At the moment, I'm looking forward for a potential of bearish retracement scenario to complete subcorrective wave b in yellow before expecting for another bullish continuation trend scenario. Otherwise, we may see another bullish continuation trend scenario in white.

Gbp vs Jpy (4H) - Preferably, I'm looking forward for a formation of potential "Inverted Head n Shoulder" pattern in yellow that would favour toward a bullish reversal trend scenario. Otherwise, we may see another strong bearish continuation trend scenario in magenta. Good luck.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gj4hb.gif Size: 27 KB
  • #16,175
  • Sep 28, 2011 9:10am Sep 28, 2011 9:10am
my idea on daily chart, sell at 120.80, chart tells everything else

http://3.bp.blogspot.com/-Yx46e5SWBs...sh+channel.png
  • #16,176
  • Oct 2, 2011 5:30pm Oct 2, 2011 5:30pm
SHORT @ 120.109
  • #16,177
  • Oct 2, 2011 8:41pm Oct 2, 2011 8:41pm
Quoting b4rhep
SHORT @ 120.109
closed
  • #16,178
  • Oct 3, 2011 6:48pm Oct 3, 2011 6:48pm
At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or aqua (double bottom). Otherwise, please be careful for any breakout toward the bearish continuation critical line 2. Good luck.
Attached Image (click to enlarge)
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  • #16,179
  • Oct 6, 2011 6:47am Oct 6, 2011 6:47am
My charts sais 14 or 15 october may be the bottom (wave 5 or 5).
But tomorow many news events..

Attached Image (click to enlarge)
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Tomorows events concerning jpy:

-Monetary Policy Statement
-Overnight Call Rate
-Leading Indicators
-BOJ Press Conference

seems important to me.
  • #16,180
  • Oct 6, 2011 10:57am Oct 6, 2011 10:57am
Just joined in a few weeks ago. trading 2 years.
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