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GBP/JPY

  • #821
  • Dec 5, 2012 1:27pm Dec 5, 2012 1:27pm
Quoting forex_J
Just everywhere you buy it gets rescued in 24hrs
Seems that way & hopefully stays that way till the elections are out of the way. Sure makes it easier when it comes to adjusting stops. Trailing a couple of pips below the most recent daily low is all it needs.
It works till it doesn't
  • #822
  • Dec 5, 2012 1:54pm Dec 5, 2012 1:54pm
This may rest in the 132.50 area for a while before a new move up.
  • #823
  • Dec 5, 2012 2:05pm Dec 5, 2012 2:05pm
Quoting pabloski
This may rest in the 132.50 area for a while before a new move up.
Very possible the next major move might not occur till next week.
It works till it doesn't
  • #824
  • Dec 5, 2012 3:35pm Dec 5, 2012 3:35pm
Quoting DaEdge
Very possible the next major move might not occur till next week.
What do you expect next week? And why?
  • #825
  • Dec 5, 2012 4:25pm Dec 5, 2012 4:25pm
Quoting pabloski
What do you expect next week? And why?
Elections are right around the corner dec 16th. LDP is firmly in the lead(pro weak yen party) the market seem to playing off of it. Fiscal cliff is still in the news as well & unless we go over it markets will remain propped up i believe. I don't really see any major down moves in front of the elections or fiscal cliff resolution.
It works till it doesn't
  • #826
  • Dec 6, 2012 2:45am Dec 6, 2012 2:45am
up again? downward move always takes a lot of time and waves but upward move is just up, up, up, and fast...
  • #827
  • Dec 6, 2012 2:52am Dec 6, 2012 2:52am
Quoting forex_J
up again? downward move always takes a lot of time and waves but upward move is just up, up, up, and fast...
I've been buying the dips from last week just bought a lil more on frankie open also bought some more n/j not going anywhere till I see how the elections play out.
It works till it doesn't
  • #828
  • Dec 6, 2012 3:04am Dec 6, 2012 3:04am
Quoting DaEdge
I've been buying the dips from last week just bought a lil more on frankie open also bought some more n/j not going anywhere till I see how the elections play out.
n/j looks almost on top or ready for 78!
  • #829
  • Dec 6, 2012 3:21am Dec 6, 2012 3:21am
Selling USD and JPY everywhere...
  • #830
  • Dec 6, 2012 3:31am Dec 6, 2012 3:31am
GBPJPY is looking to target 139-140 range this month.
We have 10 days before election.
There are high chances for it to break interm resistance at 133.40 easily.
With further JPY weakness demand.
Chances for ABE to win are high, with Nikkie Japanese NewsPaper said, LDP would have more seats.
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #831
  • Dec 6, 2012 3:40am Dec 6, 2012 3:40am
Quoting forex_J
n/j looks almost on top or ready for 78!
This isn't a new position it's an add on to an existing one. I'm expecting strength into the elections. LDP is firmly ahead according to polls & the market may be pricing it in now.
It works till it doesn't
  • #832
  • Dec 6, 2012 9:08am Dec 6, 2012 9:08am
Not G/J but had a good laugh at E/N.... 300 pip drop so far! G/J once was like this almost everyday.... pls, just move! tired of 40 pips tight range.
  • #833
  • Dec 6, 2012 9:26am Dec 6, 2012 9:26am
the wait is over


Quoting forex_J
Not G/J but had a good laugh at E/N.... 300 pip drop so far! G/J once was like this almost everyday.... pls, just move! tired of 40 pips tight range.
  • #834
  • Dec 6, 2012 9:54am Dec 6, 2012 9:54am
Still not much move... U/J stays calm and G/U has broken daily low but doesn't try any harder....
  • #835
  • Dec 6, 2012 10:19am Dec 6, 2012 10:19am
Getting better.... finally G/U and U/J start crumbling. Still in doubt as U/J still awaits election and G/U doesn't really have much reason for its move and often comes back instantaneously.
  • #836
  • Dec 6, 2012 11:18am Dec 6, 2012 11:18am
The trend is still intact. In fact, I take this reversal as a confirmation.
  • #837
  • Dec 6, 2012 11:41am Dec 6, 2012 11:41am
yeah, at least it needs to break yesterdays low for me to test 129. i love when U/J and G/U start syncing and causes plummet on G/J like in May but U/J obviously doesn't want to go under 82 for now.
  • #838
  • Dec 6, 2012 2:20pm Dec 6, 2012 2:20pm
Quoting forex_J
yeah, at least it needs to break yesterdays low for me to test 129. i love when U/J and G/U start syncing and causes plummet on G/J like in May but U/J obviously doesn't want to go under 82 for now.
I'm looking to buy more of both as well as e/j after NFP tomorrow
It works till it doesn't
  • #839
  • Dec 6, 2012 5:06pm Dec 6, 2012 5:06pm
Quoting DaEdge
I'm looking to buy more of both as well as e/j after NFP tomorrow
Same as well, i am buying on Dips too..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #840
  • Dec 6, 2012 6:38pm Dec 6, 2012 6:38pm
Quoting aviz12
Same as well, i am buying on Dips too..
It works till it doesn't
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