So the econ calendar has us looking to a BOJ rate decision 2/21, plus BOE minutes from the last meeting so we can get a feel for the unanimity of the vote this time on a rate hold. The bankers will look at some shorter term runs this week, but we ...

Daily GBP/JPY analysis

CIORIMAU--, You need to go long since G7 basically gave the green light to market determined prices on this over the weekend. Reason being, they can't very well tell China to stop manipulating the price of Yuan and then turn around and tell Japan to ...

Daily GBP/JPY analysis

Here's what's nice about OANDA, there were no gaps. Just a big fat green candle. Thanks G7, it's time to long up again ahead of BOJ, folks. I just noticed that BOE minutes come out 10 hours before the BOJ rate decision next week. BOJ sucks because ...

Daily GBP/JPY analysis

Yet another thought, there will be people in Frankfurt and London looking to re-enter the interest carry at a good price, so we may see some upward movement. I really think it will chop, though, and these techs make me want to see a big breakout. ...

Daily GBP/JPY analysis

I'm out for the week unless it gets really long. If it's gradual I can wait until Monday. Everyone seems to have to be in a trade all the time. I used to do that, too, then I started making money. Everyone should have made their money early in the ...

Daily GBP/JPY analysis

Here's where I'm really seeing the chop, and I don't care what they say about Vegas, he's a bad mofo!

Daily GBP/JPY analysis

BTW, Stan, I absolutely do not want followers. I'm giving my GBP/JPY analysis to y'all because I've been helped here, so I figured I'd help back. I'm just a dumb hillbilly, at least according to a few people here. Be very careful with this, though, ...

Daily GBP/JPY analysis

Donadoney, Let it go south. It will go south a little. Then it will long up again. Start using combinative analysis instead of being purely technical. People like technical analysis because it is completely objective, ergo, if MA#1 crosses MA#2 go ...

Daily GBP/JPY analysis

Also, Pipkingdom, 237.70 is the chop zone right now. I'm looking for a decisive break of that, like 35 to 40 pips... The way this bastard moves, then again, maybe like 70 pips. There's no reason to even screw with it right now until London opens...

Daily GBP/JPY analysis

Don't look to me for buy/sell decisions, folks, I do my own thing. My point was, if your own techs tell you to long it, then I guess you should. My techs say sit tight, plus I have no market moving news the rest of the week. BOE was basically the ...

Daily GBP/JPY analysis

Traex, It's not fractal geometry, dude, it's relative interest rates. If you can predict the Fed or BOE mathematically, let me know, and I'll stop watching the news... Also, if you can predict, mathematically, when people will freak out, please ...

Cable Update (GBPUSD)

Yeah, you can scalp shorts off it but the real bread & butter is in the longs. You'd better be sure when you short, too. BOE would have been a good short this morning, but when it's all said and done this thing is long. I'll let you get the short ...

Daily GBP/JPY analysis

Oh shit, I just remembered, "Grand Pooba" is from "Happy Days"! I think I smoked too much dope back then...

Daily GBP/JPY analysis

It's the "Grand Pooba", from the Honeymooners, Jackie Gleason, etc. Oh shit, I gave away my age! Anyway, I wouldn't go long until next week because I just took a look at it and you will probably get whipsawed to death. I say probably because I don't ...

Daily GBP/JPY analysis

It's going long right now on Tokyo, but I don't know yet, anyone got better techs than me? It looks a little funny, I might not take this... We've got UK balance of trade at 0930GMT, that's the only intervening news on my radar... Might be okay to ...

Daily GBP/JPY analysis

It can make you or break you, like I said. It's making me. Here's why: 1. You must conduct technical and fundamental analysis, if you're purely technical, leave this alone or lose your ass. 2. Realize that, right now, executing shorts on this pair ...

Daily GBP/JPY analysis

Goodthings, I'm not your personal economic calendar. Go read one...

Daily GBP/JPY analysis

Don't short this at all right now. It's in a hard carry. Wait for the stalls, get in the long reaction, then dump it before it stalls again. It's all timing, maybe demo it a little until you get a feel for it, but anyone shorting it will get killed! ...

Daily GBP/JPY analysis

Australia has apparently quit exporting coal which will hurt AUD against JPY longer term. I would stick with GBP/JPY to run the current rate differential, and while the U.S. is at 5.25 as well, USD/JPY yields a lot less and it's kind of hard to ...

Daily GBP/JPY analysis

I'm not screwing with any other JPY pairs on this current carry because GBP/JPY seems to get a lot of bumps in the road and that's what I'm exploiting here. It will run up to even 200 pips up fast, then drop like a rock. Watch how it's behaving of ...

Daily GBP/JPY analysis