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GBP/JPY

  • #921
  • Dec 14, 2012 9:51am Dec 14, 2012 9:51am
Quoting DaEdge
Great level I've been watching it as well, just bought a little more myself.
Great man.

This pair is rebounding fast @ support levels. +22 pips now.

What do you plan to do with your positions during the weekend? I think I'll leave them open with a tight SL. It's very possible Sunday will open with a gap.
  • #922
  • Dec 14, 2012 9:58am Dec 14, 2012 9:58am
Quoting pabloski
Great man.

This pair is rebounding fast @ support levels. +22 pips now.

What do you plan to do with your positions during the weekend? I think I'll leave them open with a tight SL. It's very possible Sunday will open with a gap.
I'm just adjusting my stops I have been adding in pieces on all weakness & taking them off into any solid strength so unless we get a blowout like move today in which case I'd cut my positions by a min of 60% I'm just going to continue to tighten my stops & ride these moves out. Today's weekly close is very important on most of these crosses they should be closing above some major supply levels that are hinting towards a lot more upward momentum.
It works till it doesn't
  • #923
  • Dec 14, 2012 11:10am Dec 14, 2012 11:10am
134.88

Sweet pips coming in
  • #924
  • Dec 14, 2012 11:11am Dec 14, 2012 11:11am
Quoting pabloski
134.88

Sweet pips coming in
It works till it doesn't
  • #925
  • Dec 14, 2012 11:18am Dec 14, 2012 11:18am
Quoting DaEdge


135 at sight
  • #926
  • Dec 14, 2012 6:15pm Dec 14, 2012 6:15pm
Hey guys

If the LDP win the elections would it influence JPY to a great extent? lets say couple of 100 pips up for GJ?

MJ
  • #927
  • Dec 15, 2012 3:01am Dec 15, 2012 3:01am
Quoting mjomha
Hey guys

If the LDP win the elections would it influence JPY to a great extent? lets say couple of 100 pips up for GJ?

MJ
Not couple of Pips. But its targetting 140 levels.. as another resistance level.
On thursday we have BOJ Easing further, that shall weaken JPY more.
And fundamentally everyone in Japan want JPY to get weaken more, so we are seeing a reversal in trend of JPY.

Which means further upside on to GBPJPY, EURJPY.. Which means weakness is there on to US Dollar as well.. That means EURUSD and GBPUSD also technically has space for further upside..

Thank You.
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #928
  • Dec 16, 2012 12:43pm Dec 16, 2012 12:43pm
HUGE gap UP on SAXO.
U/J 84.20 High 84.38
G/J 136.10 High 136.58
E/J 110.90 High 111.26
A/J 88.80
N/J 71.20
CAD/J 85.20
CHF/J 91.70
  • #929
  • Dec 16, 2012 12:58pm Dec 16, 2012 12:58pm
Going north again. Possible to make another high before Tokyo opens.

Edit: New high for U/J 84.41. Really glad I ran away before reaching 135...... Amazing. Maybe time to run away to something relatively quiet such as AUD/CAD or other GBP crosses. Yen is just too dangerous at this moment if you can't stop thinking and do nothing but sell.
  • #930
  • Dec 16, 2012 1:06pm Dec 16, 2012 1:06pm
Quoting DaEdge
You are the biggest winner of the thread so far. Congrats
  • #931
  • Dec 16, 2012 1:21pm Dec 16, 2012 1:21pm
gotta sleep now. can't open my eyes anymore.... Move on this time around is volatile and could rapidly go back and forth so before Tokyo opens it could be a lot different from now.
currently
U/J 84.36
E/J 111.16
G/J 136.34
A/J 88.94
N/J 71.30
CAD/J 85.40
CHF/J 92.92


http://www.fxtechnical.net/saxofxrate.html


good luck to all
  • #932
  • Dec 16, 2012 1:30pm Dec 16, 2012 1:30pm
Quoting forex_J
gotta sleep now. can't open my eyes anymore.... Move on this time around is volatile and could rapidly go back and forth so before Tokyo opens it could be a lot different from now.
currently
U/J 84.36
E/J 111.16
G/J 136.34
A/J 88.94
N/J 71.30
CAD/J 85.40
CHF/J 92.92


http://www.fxtechnical.net/saxofxrate.html


good luck to all
thanks for news!
  • #933
  • Dec 16, 2012 1:51pm Dec 16, 2012 1:51pm
Quoting forex_J
You are the biggest winner of the thread so far. Congrats

wont you count me in also hehe.
I have been saying too the prices will rise further upside around 139/140 levels
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #934
  • Dec 16, 2012 3:23pm Dec 16, 2012 3:23pm
it's great to make so much money doing nothing during the weekend

130 pips gap!
  • #935
  • Dec 16, 2012 3:30pm Dec 16, 2012 3:30pm
Quoting forex_J
Going north again. Possible to make another high before Tokyo opens.

Edit: New high for U/J 84.41. Really glad I ran away before reaching 135...... Amazing. Maybe time to run away to something relatively quiet such as AUD/CAD or other GBP crosses. Yen is just too dangerous at this moment if you can't stop thinking and do nothing but sell.
Were looking at some major gaps on the open depending on how large they are it might present another great buying opportunity. I am looking to unload about 40% of positions into this gap then Ill look for weakness to buy more. BOJ is expected to ease more this week around thursday and it looks like Boehner is going to give in on the tax hikes so the fiscal cliff may be resolved sooner than later.
It works till it doesn't
  • #936
  • Dec 16, 2012 3:31pm Dec 16, 2012 3:31pm
Quoting pabloski
it's great to make so much money doing nothing during the weekend

130 pips gap!
It works till it doesn't
  • #937
  • Dec 16, 2012 5:00pm Dec 16, 2012 5:00pm
Quoting DaEdge
Were looking at some major gaps on the open depending on how large they are it might present another great buying opportunity. I am looking to unload about 40% of positions into this gap then Ill look for weakness to buy more. BOJ is expected to ease more this week around thursday and it looks like Boehner is going to give in on the tax hikes so the fiscal cliff may be resolved sooner than later.
Same Here, i have off-load as well, buy in the high price breakout, buy in Dips.
I feel Europeans might also offload profit taking..
Monday is usually a range trade scenario.
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #938
  • Dec 18, 2012 10:48am Dec 18, 2012 10:48am
Don't see any major news for Euro, but probably because of DJ and weak USD and it looks like the Daily of E/U is following the same path that U/J had so far and G/U as always follows E/U. Eventually G/J has no choice but to go north.

In the mean time, another bait for U/J to go further up but I personally think this is already taken into account and won't make further boost unless something is actually done.
http://mainichi.jp/english/english/n...bu068000c.html
  • #939
  • Dec 18, 2012 11:02am Dec 18, 2012 11:02am
Quoting forex_J
Don't see any major news for Euro, but probably because of DJ and weak USD and it looks like the Daily of E/U is following the same path that U/J had so far and G/U as always follows E/U. Eventually G/J has no choice but to go north.

In the mean time, another bait for U/J to go further up but I personally think this is already taken into account and won't make further boost unless something is actually done.
http://mainichi.jp/english/english/n...bu068000c.html
It depends the markets are trading very light volume this time of year & pairs tend to float upwards when liquidity is low. We also still have the fiscal cliff which hasn't been resolved yet. I'm fairly certain that will be out of the way by the end of next week tho & should provide that blowout take profit move. Lastly we need to be very aware that the markets are so driven on political headlines that a few hints from Abe as to the amount of easing & his timelines for easing & these crosses will more than likely rally hard.
It works till it doesn't
  • #940
  • Dec 19, 2012 4:04am Dec 19, 2012 4:04am
Crazy run on E/U and G/U and almost approaching the top of daily channel. No time to rest for E/J and G/J. Imagine if U/J starts rising then we can see 139 today...
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