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GBP/JPY

  • #701
  • Nov 27, 2012 1:25am Nov 27, 2012 1:25am
Quoting Mpt
Am always willing to be proved wrong, but should it go north, those are viable targets. However I haven't got a bullish bone in my body. With a little help from the cut and paste department, this is one version of my view going forward:

Attachment
How did you make this？
  • #702
  • Nov 27, 2012 1:43am Nov 27, 2012 1:43am
Quoting forex_J
How did you make this？

Just a simple drawing program. Save, crop, copy, paste, save
  • #703
  • Nov 27, 2012 1:44am Nov 27, 2012 1:44am
Quoting KillerWhale
Okay, but 1.38++ is just a bit too much for me.
It could be that you are "Short"
However, Abe wants JPY to weaken, as well every company in Japan.
They would do there very best to weaken the JPY.

Check the Weekly and Monthly Charts, as we are about to complete the Month, Should give you an idea of where its heading towards.

Which is 138-140 Before the Elections.

Thanks
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #704
  • Nov 27, 2012 1:49am Nov 27, 2012 1:49am
I may be asking too much..
Can someone Vouch for me
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #705
  • Nov 27, 2012 1:52am Nov 27, 2012 1:52am
Quoting aviz12
I may be asking too much..
Can someone Vouch for me
I would, but only 10v guys can.
  • #706
  • Nov 27, 2012 2:00am Nov 27, 2012 2:00am
Quoting aviz12
I may be asking too much..
Can someone Vouch for me
Could you please explain why things are so different RIGHT now in Japan, after constant interventions costing billions of dollars and a 20 year history. No one liners. Just a reasoned argument why things will change so much, in an instant. Like turning on a light bulb. Because my view is that it WILL change. Slowly. Like turning a ship.
  • #707
  • Nov 27, 2012 2:42am Nov 27, 2012 2:42am
You ask these questions and you never get a reply. The UJ thread used to be all about interventions. People sign on to FF, hear about BOJ interventions and camp on the forum waiting for easy money. A few weeks ago, I pointed out that it had been one year (to the minute) when the last intervention happened. I don't think it's been mentioned since.

Anyway, GJ's going down
  • #708
  • Nov 27, 2012 2:46am Nov 27, 2012 2:46am
Quoting Mpt
Anyway, GJ's going down
Did you see where they forcast GDP data? Isn't this madness?
  • #709
  • Nov 27, 2012 2:51am Nov 27, 2012 2:51am
Quoting IndigoPingvi
Did you see where they forcast GDP data? Isn't this madness?
No. But now they're talking about a downgrade to their credit rating.

I think this article sums up the Japanese Government expections

http://www.forexlive.com/blog/2012/1...-yen-strength/


2014!!!!!!!!!!
  • #710
  • Nov 27, 2012 3:06am Nov 27, 2012 3:06am
Quoting Mpt
No. But now they're talking about a downgrade to their credit rating.

I think this article sums up the Japanese Government expections

http://www.forexlive.com/blog/2012/1...-yen-strength/


2014!!!!!!!!!!
Real UK GDP on the chart is falling, was -0.5 in August, now forcast +1, crazy difference. What are the chances for this??
  • #711
  • Nov 27, 2012 3:29am Nov 27, 2012 3:29am
Quoting IndigoPingvi
Real UK GDP on the chart is falling, was -0.5 in August, now forcast +1, crazy difference. What are the chances for this??

But that would make GJ go down. I didn't think that ever happened
  • #712
  • Nov 27, 2012 3:44am Nov 27, 2012 3:44am
Quoting Mpt
But that would make GJ go down. I didn't think that ever happened
I can't belive the number was right. Its just crazy. Daily PA still sugest South, but we neet to go below 130.5 for any serious down direction.
  • #713
  • Nov 27, 2012 4:01am Nov 27, 2012 4:01am
Quoting IndigoPingvi
I can't belive the number was right. Its just crazy. Daily PA still sugest South, but we neet to go below 130.5 for any serious down direction.

What's your problem. I already posted the trading plan in post 696. ha ha
  • #714
  • Nov 27, 2012 4:10am Nov 27, 2012 4:10am
Quoting Mpt
What's your problem. I already posted the trading plan in post 696. ha ha
ROFL, i told you i have ADD
  • #715
  • Nov 27, 2012 5:03am Nov 27, 2012 5:03am
Quoting IndigoPingvi
Real UK GDP on the chart is falling, was -0.5 in August, now forcast +1, crazy difference. What are the chances for this??
I still believe that GBP/JPY will go down to 127 sooner or later. Likewise, EUR/JPY will go down to 100 sooner or later/ USD/JPY to 78,
  • #716
  • Nov 27, 2012 5:45am Nov 27, 2012 5:45am
Quoting aviz12
I may be asking too much..
Can someone Vouch for me
Lesson 1: you don't ask for vouches, you only get them when you deserve them and that is not up to you to decide.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #717
  • Nov 27, 2012 8:28am Nov 27, 2012 8:28am
I think GY is sideways waiting for Daily 10MA to catch up. Then we shall see if higher or no? For now ride the range. Today may leave us and envelope candle, is so then ready to take off one way of the other.
  • #718
  • Nov 27, 2012 9:22am Nov 27, 2012 9:22am
Quoting gentlelove30
I still believe that GBP/JPY will go down to 127 sooner or later. Likewise, EUR/JPY will go down to 100 sooner or later/ USD/JPY to 78,
you are very close to discover the truth
As Above, So Below
  • #719
  • Nov 27, 2012 11:40am Nov 27, 2012 11:40am
Quoting tashkent
you are very close to discover the truth
My dear friend

If Fibo works, GBP/JPY will reach to 133.43 maximum. Then it will fall badly (H4) to about 127.28, before going up again.
What our experts think?
  • #720
  • Nov 27, 2012 12:00pm Nov 27, 2012 12:00pm
Quoting gentlelove30
My dear friend

If Fibo works, GBP/JPY will reach to 133.43 maximum. Then it will fall badly (H4) to about 127.28, before going up again.
What our experts think?
I am not expert but here is my opinion: do not try to predict, remove all these lines where price may reach or fall, bounce or reverce. simply follow highs and lows. now it is uptrend so just buying would be logical untill you start seeing lower lows and lower highs.
As Above, So Below
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