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Geppy's Geppy Thread (GBP/JPY)

  • #17,661
  • Jul 14, 2016 5:25am Jul 14, 2016 5:25am
30 more minutes to BOE. Hold it there. Don't do any trade until we know the outcome of the Rate decision
  • #17,662
  • Jul 14, 2016 5:41am Jul 14, 2016 5:41am
Quoting kanchanajay
hi, im new to here..just wanted to know what happens if BOE decide to cut the rates..i mean sell market or buy market.any what is the reason for that move?? thanks
The 5-min USDJPY chart seems to implies that GBPJPY wants to drop...
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  • #17,663
  • Jul 14, 2016 5:44am Jul 14, 2016 5:44am
Quoting SGFxTrader9
If BOE cut rates, GBPJPY and GBPUSD will dip first, a sharp one and then depending on the BOE minutes, market will react accordingly whether to SWITCH trend from bull to bear or to consolidate before rising further...
cool you have a crystall ball?
  • #17,664
  • Jul 14, 2016 6:05am Jul 14, 2016 6:05am
here we go !!!!
  • #17,665
  • Jul 14, 2016 6:11am Jul 14, 2016 6:11am
question is.... to where?
  • #17,666
  • Jul 14, 2016 6:14am Jul 14, 2016 6:14am
wtf i had a horible fill at 142.238!! right after BOE i put an order to buy GBPJPY and they filled me at 142!! and now it's back down to 140.2? I don't get it shouldn't it go to 144?!?!
  • #17,667
  • Jul 14, 2016 6:20am Jul 14, 2016 6:20am
Quoting Shoezgal
wtf i had a horible fill at 142.238!! right after BOE i put an order to buy GBPJPY and they filled me at 142!! and now it's back down to 140.2? I don't get it shouldn't it go to 144?!?!
What is the broker that u are using?
  • #17,668
  • Jul 14, 2016 6:23am Jul 14, 2016 6:23am
Quoting Shoezgal
wtf i had a horible fill at 142.238!! right after BOE i put an order to buy GBPJPY and they filled me at 142!! and now it's back down to 140.2? I don't get it shouldn't it go to 144?!?!
I guess it's just because of spread extension during news, now wait for your target
  • #17,669
  • Jul 14, 2016 6:23am Jul 14, 2016 6:23am
thanks, really hope it goes to 144
  • #17,670
  • Jul 14, 2016 6:32am Jul 14, 2016 6:32am
interactive brokers
  • #17,671
  • Jul 14, 2016 8:20am Jul 14, 2016 8:20am
Quoting Shoezgal
thanks, really hope it goes to 144
We need to see how US session react to the GBPJPY pair.

Are there any news for GBP that we don't know? Like BOE Carney sudden announcement of BOE cutting interest rate tomorrow or Bernanke to meet up with Carney to cut rates?
  • #17,672
  • Jul 14, 2016 8:30am Jul 14, 2016 8:30am
so far seems like US guys like to sell this pair, i would too if i were them going into friday....but i'm still stuck with my 142 long (thanks interactive broker) and i can only pray. Anyone advice me to turn short instead?
  • #17,673
  • Jul 14, 2016 9:27am Jul 14, 2016 9:27am
Quoting Shoezgal
so far seems like US guys like to sell this pair, i would too if i were them going into friday....but i'm still stuck with my 142 long (thanks interactive broker) and i can only pray. Anyone advice me to turn short instead?
If you are not in the US you can hedge it and become net neutral, then look for the next good buy/sell opportunity. I'm a bit rusty on this as I haven't been able to hedge in quite some time.
  • #17,674
  • Jul 14, 2016 9:39am Jul 14, 2016 9:39am
Hey gang, just waking up. Missed all the action last night, but I prefer it that way. I don't have a position right now, but will be looking over the charts later today. Gotta get baby Geppy to his second pediatrician appointment in a minute.

Congrats to all those that made pips last night on the BoE decision. I didn't have the gamble in me to trade it.
check out my blog: forexmademillionaire dot com
  • #17,675
  • Jul 14, 2016 9:42am Jul 14, 2016 9:42am
geppy i need your help!
  • #17,676
  • Jul 14, 2016 9:44am Jul 14, 2016 9:44am
is it going to get lower now? H4 shows some signs of going down...
  • #17,677
  • Jul 14, 2016 9:45am Jul 14, 2016 9:45am
Quoting Shoezgal
thanks, really hope it goes to 144

it will go to 144. but it retrace. Target retrace 139.4
  • #17,678
  • Jul 14, 2016 9:51am Jul 14, 2016 9:51am
Quoting belgeran
{quote} can i ask how did u determine 136.50? for my learning =D
Surely do. I am just analyzing base on simple S/R . I am not well-verse with complicated indicators like pivot points and fibo though I have some knowledge on them.
  • #17,679
  • Jul 14, 2016 9:54am Jul 14, 2016 9:54am
for the time being i think
1) no more good news for the GBP, only thing moving it is technicals
2) BOJ is not until 19 july, and hearing Abe is going on vacation next week
3) previously towards 105 japanese exporters were very active selling the pair down
4) it's friday tomorrow people will want to book profits

thus....though it pains me, i have to cut my longs. hopefully we can get another signal next week to ride another wave up or down. Geppy's analysis had helped me a lot, thanks
  • #17,680
  • Jul 14, 2016 10:00am Jul 14, 2016 10:00am
Quoting dewa77
is it going to get lower now? H4 shows some signs of going down...
you are right, H4 show the sign going down already but how far...
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