Excellent analysis as always Monarch !

Daily GBP/JPY analysis

I have 245.65 ish as the 78.6 retrace on the start of the move up on the 18th, a full retrace would take us to 248 ish. Looking at the 4 hour charts I struggle to see any real upside.

Daily GBP/JPY analysis

HI Ken, loved that Mckee link you posted the other day, a very very talented guy. Andy

Daily GBP/JPY analysis

Greetings to Dubai - one of my favourite places - please dont let them ruin it anymore !!

Cable Update (GBPUSD)

GJ down which should pull GU with it

Cable Update (GBPUSD)

Everything was crap back then, mind you , he should have warned of the bubble bursting. As a BT employee I know plenty of employees with massive share options who lossed a paper fortune and their retirement bonus and have never recovered - ...

Cable Update (GBPUSD)

The cows down south are sheltering from the weather whilst those up north in Gods County are basking in sunshine !

Cable Update (GBPUSD)

I figured that in my thoughts but maybe not August, poss September

Daily GBP/JPY analysis

[quote=Gmak;1501823] As we all know " God moves in mysterious ways ! "

Daily GBP/JPY analysis

Good stuff, I also wonder how much they would have to put up rates to have amajor effect on carry trades. My feeling is that .5 might not hurt too much , above that, and if US does not increase rates, we could see a real unwinding as per your 1000 ...

Daily GBP/JPY analysis

I tend to agree with you here, they have to do something before their currency becomes worthless.

Daily GBP/JPY analysis

Thinking out loud here, in the UK we have a successful economy and interest rates on the up. Prices of Crude Oil are back up again as per last year which contributed to the overall CPI increases. We are now about to see £1 per litre for fuel - yes ...

Daily GBP/JPY analysis

Look on the bright side - at least no-one else is screwing with your mind !

Daily GBP/JPY analysis

Usually I would say "yes", HOWEVER, today is Friday and strange things happen. Its a bit like trying to understand your girlfriend or wife - just when you think you know what she's thinking, she does the opposite !

Daily GBP/JPY analysis

I tend to agree, the US housing market in Sub Prime is terrible. There is a massive potential downside if the defaults hit the overall expected rate of 10%.

Cable Update (GBPUSD)

whats happened to everyone ????????

Daily GBP/JPY analysis

Someone's just turned the freezer up a notch !

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Yeah its tragic, you really feal for our Brazilian colleagues today. Peace and love.

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HELP !!!!! — Right guys, a challenge for you on Fibs. I am struggling to find any meaningful point at which to draw a fib which will give an extended long target. Any thoughts ??? Shorts are easy but I have never come across this before, tried ...

Cable Update (GBPUSD)

I had a friend of mine start forex last year with £3k, he knew nothing, didnt learn or demo and was lucky. By end of the first month he had £36000. So, what did he do, lost it all over the next two months, then borrowed £10k as he was sure he knew ...

Daily GBP/JPY analysis