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- monkey@forex replied Jan 29, 2014
I officially hate the yen crosses...
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Jan 29, 2014
One last thing, the EM are having a mini-crisis, if the Fed tapers then it could turn into a major crisis, that will dampen global growth further, and not help general recovery...so I'm expecting no taper today, but I never studied economics so il ...
Cable Update (GBPUSD)
- monkey@forex replied Jan 29, 2014
If we really started digging in, then technically every economy is faltering in some way or the other...everyone has high unemployment, low wages, high or low inflation, credit bubbles, wealth disparity, crippling social programmes, ageing ...
Cable Update (GBPUSD)
- monkey@forex replied Jan 29, 2014
For sure, I agree that the euro has no reason to above 1.40, it's probably at the top of its range...but UK is in recovery mode (evn if is artificial) as is the US (artificial growth), hence UK growth could lead to interest rates increase before the ...
Cable Update (GBPUSD)
- monkey@forex replied Jan 29, 2014
without printing money the euro zone has survived, sure growth wise it looks like its still got a long way to recover. Sure, carney may not raise rates till 2015. But look at the FED...low inflation and job growth tepid and job growth in low paying ...
Cable Update (GBPUSD)
- monkey@forex replied Jan 29, 2014
Looks like this has reversed and heading back towards 172/173/174...new high? Without further stimulus in April announced I think a burst to 180 unlikely, so maybe we'll see 174 and then consolidate around 170 area, any thoughts?
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Jan 26, 2014
If inflation is on its way up (slowly) but increasing interest rates hampers growth, the only other way to battle inflation is to let cable appreciate...this makes imports cheaper...as US and Europe are deflating, the pound appreciating helps their ...
Cable Update (GBPUSD)
- monkey@forex replied Jan 24, 2014
This beast took 3 days of profit in one session, what I can't figure out is is this a correction or reversal, I'd still say correction, but where it ends god knows
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Jan 24, 2014
Looks like a Pinbar forming on daily for euro/usd... draghi is waiting to shoot down the euro later... who will scream the loudest before that? Traders screaming 1.38 or 1.35...
EURUSD
- monkey@forex replied Jan 24, 2014
I think the ideas about exporters are misguided, any manufacturers left in UK are the ones producing high end goods for a specific market/sector, not the mass manufactured goods which have moved to cheaper labour countries. These manufacturers were ...
Cable Update (GBPUSD)
- monkey@forex replied Jan 23, 2014
Uk is mainly services based, the current problem with exports isn't the price but that fact that its partners are not buying, but that may change if global economy is on the slow road out of o a coma and into recovery. Maybe right now people are Not ...
Cable Update (GBPUSD)
- monkey@forex replied Jan 22, 2014
Well where does the daily and weekly resistance sit? i was short from 1.69 and 1.70 and got burnt when it turned up to 1.72... so now I'm clearing my head and rethinking if the correction was only down to 1.68, then I guess long target is 178 any ...
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Jan 9, 2014
So was the low of the last few days the launch pad to 1.7 or will we see 1.62/1.60...some sort of profit taking bound to happen as since 1.48 we've seen zilch, at best a 200 pip correction...hence a correction may be due but then again may never ...
Cable Update (GBPUSD)
- monkey@forex replied Jan 3, 2014
My short target is 1.68, but 1.66 would be a good launching pad for the next leg up...any thoughts?
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Jan 1, 2014
I think most people are trying to figure out where to get on this trade...it still seems long, the only problem is where to enter...most are hoping for a pullback except no-one can see it coming...im HOPING for a pullback to confluence around 165, ...
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Dec 31, 2013
I used to try and predict where price went and often got it miserably wrong...some are saying cable 1.55, others saying 1.8...just follow the trend and have a PLAN...exit plan if what you thought goes wrong... personally, with US bond yields ...
Cable Update (GBPUSD)
- monkey@forex replied Dec 10, 2013
If we make 2 assumptions, that gbp/usd by year end will be 1.66, UJ will be at 105...so 1.66 x 1.05 = 1.743...so maybe that's where we should look for some meaningful stop...or it could just keep going to 180 (unlikely) what do u think (anyone) ?
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Dec 9, 2013
No pound weakness, no yen strength...so a bit of profit taking, and I guess that happened from 1.69 to 1.66....so next stop 1.72 and then maybe 1.65...but hey if it's your bday, anything can happen
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Dec 5, 2013
note to self...TAKE PROFIT, dont be GREEDY...totally wrongfooted by this move down, as i was expecting 170 before some profit taking...so now im waiting patiently for a return up to 168, a double top at 169 probably unlikely...and if it falls to ...
Geppy's Geppy Thread (GBP/JPY)
- monkey@forex replied Dec 3, 2013
Hi daily chart, do u have a target for ur trades or do u wait to see a clear sign of reversal? on cable I'm targeting 1.66, Aussie 0.85 though I think that may take 2-3 months, yen 105... I'm also looking at gbp/nzd, but I'm unclear on the technical ...
100% Daily Chart Analysis