I think this is due to posturiing before the news at 3uk - we seem to expect bad US data theefore maybe this is what is confusing the signals for now.

Daily GBP/JPY analysis

Every scenario is reasonable at present. I did an analysis earlier this morning and posted it if you search back. Normally on bad US data the cable would rise and drag GY with it. Although GY has been following or leading the UJ recently which is ...

Daily GBP/JPY analysis

Not me, just set a small short with a tightish sl though.

Daily GBP/JPY analysis

We have a perfect W formed on teh 15 min chart and drawing a line across the heads it suggests a max value at 247.70. My thoughts are if we break this and hold above we could see 248.33 and then 248.85. If we dont we go back down to retest the ...

Daily GBP/JPY analysis

Absolutely, to me its a checkpoint to wait and see what happens next thats all.

Daily GBP/JPY analysis

I agree with you here, my tp was 60 as its the 78.6 fib of the last run down on 15 min chart. You were spot on with your 100+ retrace call - well done !!!

Daily GBP/JPY analysis

"Wei-Ji" the Chinese word for "crisis", is the same as that for "opportunity".

Daily GBP/JPY analysis

We are heading slowly and inexorably to 246.34 again

Daily GBP/JPY analysis

If you are putting that much you are seriously mentally deficient or are emplyed by an Institution/Bank and could easily be heading for Rogue Trader status !

Daily GBP/JPY analysis

Most definitely London !

Daily GBP/JPY analysis

Fibs — In addition to my last post I forgot to mention that the 78,6 fib is at 246.34 on the dailys based on a low to high of the last push up. We touched 246.28 earlier today and retraced.

Daily GBP/JPY analysis

I was just contemplating a similar view but am not totally decided on the overall effect of bad housing data on the this current situation. IF the data is US negative I would expect cable to rally and drag up the GY with it in normal circumstances - ...

Daily GBP/JPY analysis

Hi Ken, I was off to bed and just popped in when I saw what was happening and thought, I gotta have a piece of that ! So it looks like a long night after a long day, guess it must be 3pm over your way now as its just gone eleven over here. Andy

Daily GBP/JPY analysis

If we hit 248.47 that will be the third time today ( plus one that just missed), thinking about it we seem to be getting close to a tipping point on this one. Think I will put orders in at 80 long and 40 short

Daily GBP/JPY analysis

Good point ! The volumes are key here and I have not looked at them. Anyone fancy doing some analysis ????

Daily GBP/JPY analysis

I am struggling to see anything really happening past the high and low of today as the CCI's on the hourly are not showing any difference from 3/4 hours ago. Am i missing something here??

Daily GBP/JPY analysis

As i see it we have the hourly CCi bouncing off the -100 line, until we break that level we cannot go down.The top end bounce on the CCI incidentally is 0 and that coincidentally is where the upper limit restriction is at present.

Daily GBP/JPY analysis

Two nations seperated by a common language !

Daily GBP/JPY analysis

However - one minor point - when will you guys realise that we speak English and therefore 7-11 or 7-13 doesn't exist. This should be 11-7 or 13-7 !! I remember many years ago selling IT systems and some guys flew in from NY for a presentation in ...

Daily GBP/JPY analysis