GBP/JPY trading

Quote from ForexPro:

Short 228.23 st 229.3 tp 225.3
More...

I shorted at .20 and tp at .00 b/c there was just too much support. Went long at .02 and tp at .52.

I am concerned about Central Banks working together. I can see the market movers driving prices up to take profit at peak values. It is quite possible to see GJ trade up to 233.00 and then have a massive.. yes, masssssive sell off to the 219.00 area.

I don't like to blow smoke but to have $10bln in liquidity pumped into the financial system and to have the Dow trade in red on the same day just blows my mind.

Should continue to see great volatility!

GL and GT
 
You are spot on Matt. Really no way the mkts should of sold off yesterday on that agreement. It shows the mkt is sick. So with the disappointment of the Fed and that, the market is telegraphing that it wants to go lower.
 
Quote from ForexPro:

You are spot on Matt. Really no way the mkts should of sold off yesterday on that agreement. It shows the mkt is sick. So with the disappointment of the Fed and that, the market is telegraphing that it wants to go lower.
More...

Look at this squeeze here.....
 
Still in my original short. However, there is an interesting triangle formation. Which appears to have broken to the upside. So if its real i close and go long at 229.5, if a fake i add to short at 228.8. Lets see how things develop.
 
Quote from ForexPro:

Still in my original short. However, there is an interesting triangle formation. Which appears to have broken to the upside. So if its real i close and go long at 229.5, if a fake i add to short at 228.8. Lets see how things develop.
More...

Agreed.

I'll be looking to buy around that area as well. I'd like to see the 15M adx over 35 before I do buy tho, as, the beast can go anywhere right now. Let's see whta the pivots look like here in few minutes at 0:00GMT
 
Yeah, I'm short 43 and 67, was way early on both, but targeting 228.01. Not sure how this one is going to work out. It's conflicting directly from EURJPY over the next 4 hours. We'll see.
 
What is the typical spread on gbp/jpy (compared with say usd/jpy and gbp/usd say)?

Also what are the daily ranges of those pairs?


I ask because I did some interesting calcs with eur/jpy vs usd/jpy recently that changed my mind about which were better to trade and I will share them with you (given some raw data :))
 
You must log in or register to reply here.
Back
Top