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

  • #2,801
  • Feb 26, 2012 10:04pm Feb 26, 2012 10:04pm
Quoting KiwiTrada
I with you
Fill 129.33 sl 129.16
Fill 129.06 sl 128.96
Fill 128.86 sl 128.91

risk 5 pips waiting Brits to reassess
Frankfurt might mess it up.
My entries are 1.2950, 1.2940, 1.2937 and 1.2930 short

Just wish I can hold them over Frankfurt till London opens.
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  • #2,802
  • Edited 11:39pm Feb 26, 2012 10:26pm | Edited 11:39pm
Quoting KillerWhale
Frankfurt might mess it up.
My entries are 1.2950, 1.2940, 1.2937 and 1.2930 short

Just wish I can hold them over Frankfurt till London opens.
Move sl to 1.2880
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  • #2,803
  • Feb 26, 2012 11:39pm Feb 26, 2012 11:39pm
Quoting KillerWhale
Move sl to 1.2880
Frankfurt doing okay so far,
move stop to 1.2855
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  • #2,804
  • Feb 26, 2012 11:48pm Feb 26, 2012 11:48pm
will think of sell arnd 130. I think JPY is too weak and will remain weak for a long time. exports in Japan hence yen should stay weak.

I think USD/JPY rising to 81 was final nail in the coffin for JPY.

I lost lot of money shorting GBP/JPY so will stay away until it tests 130
  • #2,805
  • Feb 27, 2012 12:06am Feb 27, 2012 12:06am
Quoting KillerWhale
Frankfurt doing okay so far,
move stop to 1.2855
And out for 104 + 97 + 87 + 76 pips profit.
Not bad for a lousy Monday
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  • #2,806
  • Feb 27, 2012 9:03am Feb 27, 2012 9:03am
4 hr MACD crossed below the signal line. Bullish look might be gone for the moment
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  • #2,807
  • Feb 27, 2012 9:19am Feb 27, 2012 9:19am
I want to thank all the people who donated to my Whale Fund this first trading day of the week.
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  • #2,808
  • Feb 27, 2012 10:26pm Feb 27, 2012 10:26pm
Quoting KillerWhale
4 hr MACD crossed below the signal line. Bullish look might be gone for the moment
This uptrend is probably a wave B (part of wave 4), where wave A completed at 126.7. If it can break above the daily pivot area around 128.1, it may well make a double top (or close to).
  • #2,809
  • Feb 28, 2012 1:00am Feb 28, 2012 1:00am
Quoting Mpt
This uptrend is probably a wave B (part of wave 4), where wave A completed at 126.7. If it can break above the daily pivot area around 128.1, it may well make a double top (or close to).
I live for double tops, usually they give me double bonus
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  • #2,810
  • Edited 5:21am Feb 28, 2012 1:02am | Edited 5:21am
Quoting KillerWhale
I live for double tops, usually they give me double bonus

Resistance at DP , but so far so good.
  • #2,811
  • Feb 28, 2012 4:00pm Feb 28, 2012 4:00pm
Tomorrow, after EZ LTRO (10:15 GMT) GJ might gp up further.

Stay alert of double top @ 1.3082 and 61.8% Fib @ 1.3118.
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  • #2,812
  • Feb 28, 2012 4:17pm Feb 28, 2012 4:17pm
Quoting KillerWhale
Tomorrow, after EZ LTRO (10:15 GMT) GJ might gp up further.

Stay alert of double top @ 1.3082 and 61.8% Fib @ 1.3118.

I think you may find the double top on GJ happens fairly quickly. When/if GU breaks above it top at 1.5929 it's all go.

GU top of channel 1.612, whereas UJ is in a triangle of sorts (I suspect waiting to drop down to the 78.2 area).
  • #2,813
  • Feb 29, 2012 4:33am Feb 29, 2012 4:33am
Big wash, that LTRO
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  • #2,814
  • Feb 29, 2012 2:17pm Feb 29, 2012 2:17pm
Quoting KillerWhale
Big wash, that LTRO
looks like GJ may extend past the double top.


If so, target would be around 131.4, being top of current up channel and also weekly 100ema
  • #2,815
  • Feb 29, 2012 7:47pm Feb 29, 2012 7:47pm
Quoting Mpt
looks like GJ may extend past the double top.


If so, target would be around 131.4, being top of current up channel and also weekly 100ema
And you can bet I will short the hell out of it if we get there.
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  • #2,816
  • Feb 29, 2012 7:51pm Feb 29, 2012 7:51pm
Quoting KillerWhale
And you can bet I will short the hell out of it if we get there.
Yes, I think that would be the general idea. Might even get to 131.8. Still unsure of lower target, but somewhere around 124 to 125 expected.
  • #2,817
  • Feb 29, 2012 9:34pm Feb 29, 2012 9:34pm
Quoting Mpt
Yes, I think that would be the general idea. Might even get to 131.8. Still unsure of lower target, but somewhere around 124 to 125 expected.
100 would be nice
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  • #2,818
  • Feb 29, 2012 11:25pm Feb 29, 2012 11:25pm
Quoting KillerWhale
100 would be nice

Did make a comment earlier but deleted it.

Firstly, I'm not sure we'll see 100 (if at all) for a while, but just wanted to add that, if GJ were to breach and hold much above 132, it's possible that it may not drop significantly.

While the weekly Stochastic is somewhat overstretched, it doesn't appear to be turning down much at all yet, while no other significant timeframes are overstretched.
  • #2,819
  • Mar 1, 2012 2:55am Mar 1, 2012 2:55am
its failing to cross 129.40. I have sold @129.25. Have I sold at a good price?

i am not an expert in this pair. rest of the pairs I understand, not this one to be frank.
  • #2,820
  • Mar 1, 2012 3:07am Mar 1, 2012 3:07am
Quoting Nachiket
its failing to cross 129.40. I have sold @129.25. Have I sold at a good price?

i am not an expert in this pair. rest of the pairs I understand, not this one to be frank.

Can't really give you guidance. Whilst this pair does have subtle differences from other, from a newcomers POV it is all much the same. At this time, it appears to be consolidating. Purely based on the "flag pole" it should break at least 180 pips to north after breakout from its upper trend line. But then, what do i know?

edit may drop further for a 61.8 retracement. Might not
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