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Geppy's Geppy Thread (GBP/JPY)

  • #9,601
  • Nov 24, 2013 12:17pm Nov 24, 2013 12:17pm
Quoting EmeraldEyes
All charts aside, the BoJ is still injecting a global record of QE, announced in their monthly report, attempting to end decades of deflation. Recent good data out of the UK has helped the pair this week. In addition to this, the Japan's Government Pension Investment Fund (largest pension fund in the world) this week stated the need to diversify more in to domestic equities than low-yielding government bonds, not helping to support the Yen, traders positioning off this sent it lower.

great post and insight....its nice to know the fundamental part of it as well...goes with thhe technicals...sometimes it cab be hard to keep up with the fundies...
  • #9,602
  • Nov 24, 2013 12:20pm Nov 24, 2013 12:20pm
Quoting ez0770
Hello, gap down on the open? http://www.fxstreet.com/news/fxbeat/...e1b#mc-3528044

maybe but that would be a buying op imo...i newish to the fx market but i dont usually see gaps holding up or down..and they usually go the opposite way of the gap esp in the asian session...just my observations ....someone wiith more experience than me may want to shed some light on it as well
  • #9,603
  • Nov 24, 2013 12:20pm Nov 24, 2013 12:20pm
It's really simple. The yen is going to get obliterated in coming years. GJ could probably go all the way back up to 250. UJ 150+ etc. BOJ announced last year they're going to print unlimited amounts of $. What do you think's going to happen? haha.

Trends are how you make the most money in any markets. So stick to buying these pairs and you should do really well
  • #9,604
  • Nov 24, 2013 12:46pm Nov 24, 2013 12:46pm
Quoting ninner
{quote} maybe but that would be a buying op imo...i newish to the fx market but i dont usually see gaps holding up or down..and they usually go the opposite way of the gap esp in the asian session...just my observations ....someone wiith more experience than me may want to shed some light on it as well
http://www.xe.com/?

last I checked it's gapped up 25 pips so far.

still going up. 30 now.
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  • #9,605
  • Nov 24, 2013 3:03pm Nov 24, 2013 3:03pm
Quoting shellsnail
{quote} http://www.xe.com/? last I checked it's gapped up 25 pips so far. still going up. 30 now.
??
does that mean GBP/JPY closed at 164.05 on Friday? I don't think that sounds right....
  • #9,606
  • Nov 24, 2013 4:41pm Nov 24, 2013 4:41pm
Quoting counterpoint
{quote} ?? does that mean GBP/JPY closed at 164.05 on Friday? I don't think that sounds right....
Gap up for me as well, 164.20 -> 164.35
  • #9,607
  • Nov 24, 2013 5:03pm Nov 24, 2013 5:03pm
Quoting Ck87
It's really simple. The yen is going to get obliterated in coming years. GJ could probably go all the way back up to 250.
I think you've got it.
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  • #9,608
  • Nov 24, 2013 5:07pm Nov 24, 2013 5:07pm
also looks like big gap up on GBP/USD.
Please check out my blog at https://from-zero-to-hero . net
  • #9,609
  • Nov 24, 2013 5:33pm Nov 24, 2013 5:33pm
Quoting smash1820
also looks like big gap up on GBP/USD.
Yeah.. GBP/USD reaching a critical level.. if it breaks this level, then GU to 1.65, and GJ to 170
  • #9,610
  • Nov 24, 2013 5:56pm Nov 24, 2013 5:56pm
So... an "A"..."B"..."C"...and now continueing upward..from there...no looking back...just up...cool

someone posted that on this or the previous page...about it just reaching it's finish at the close...
  • #9,611
  • Nov 24, 2013 6:23pm Nov 24, 2013 6:23pm
Quoting Gbp/jpy
So... an "A"..."B"..."C"...and now continueing upward..from there...no looking back...just up...cool someone posted that on this or the previous page...about it just reaching it's finish at the close...
I'm expecting GBP/USD to reject at 1.625 area.. Maybe it will, maybe it won't, but if it rejects at 1.625, could offer a quick opportunity for shorts as well as to buy on dips
  • #9,612
  • Nov 24, 2013 6:40pm Nov 24, 2013 6:40pm
Quoting counterpoint
{quote} I'm expecting GBP/USD to reject at 1.625 area.. Maybe it will, maybe it won't, but if it rejects at 1.625, could offer a quick opportunity for shorts as well as to buy on dips
And if it rejects before 1.626, where would you buy on dips? 1.59, 1.57 or 1.49?
  • #9,613
  • Nov 24, 2013 7:06pm Nov 24, 2013 7:06pm
hmmm, i think i got something interesting about break 200 extension usually become x xtension or larger wave or stops orders.
but not all the time i guess. may be when wrong segment measured.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #9,614
  • Nov 24, 2013 10:57pm Nov 24, 2013 10:57pm
Tired of shorting this Gbp/Jpy.. going long now.. seems the breakout is true and it is going higher everyday.. triggered 2 positions long..target is open.
  • #9,615
  • Nov 25, 2013 1:38am Nov 25, 2013 1:38am
Quoting veer2010
Tired of shorting this Gbp/Jpy.. going long now.. seems the breakout is true and it is going higher everyday.. triggered 2 positions long..target is open.
r u sure
  • #9,616
  • Nov 25, 2013 2:24am Nov 25, 2013 2:24am
sorry man you dont short a instrument in a uptrend.....and a strong uptrend is this...all this is doing is working off the overbought position....
  • #9,617
  • Nov 25, 2013 2:27am Nov 25, 2013 2:27am
Quoting ninner
sorry man you dont short a instrument in a uptrend.....and a strong uptrend is this...all this is doing is working off the overbought position....
really?
Pecuniae obediunt omnia
  • #9,618
  • Nov 25, 2013 2:47am Nov 25, 2013 2:47am
I think that current retrace is going to end soon and gbp/jpy will target 167. There is no fundamental news as of now for the price to go down and the current price of 164.80 was just a technical retrace.. and it doesn't have any ammo to build a much stronger retrace..
my long at 165.10 is still intact.
  • #9,619
  • Nov 25, 2013 2:47am Nov 25, 2013 2:47am
Quoting yaphets
{quote} r u sure
yes mate. at 165.10
  • #9,620
  • Nov 25, 2013 5:37am Nov 25, 2013 5:37am
Can anyone give a concrete analysis of where this pair is going?
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