Thread: GBP and JPY Pairs H1 2013

Originally Posted by FXTA

1.3325 might be a decent short.

4HR:

agree, some indicator are showing divergence in smaller time frame.
there are also 5 waves up, therefore, limited upside, needed some correction before proceeding

And those fellow who push up eurusd about +20 pips everytime price reach 1.321
(yesterday), they must be happily taking 100pips profit now.

edit: next time i see such price protection, i will follow these fellow.
With funds to move price about 20pips in a min, they must be the market movers.
Once spotted, must follow these big sharks.

Originally Posted by stanchiam

agree, some indicator are showing divergence in smaller time frame.
there are also 5 waves up, therefore, limited upside, needed some correction before proceeding

And those fellow who push up eurusd about +20 pips everytime price reach 1.321
(yesterday), they must be happily taking 100pips profit now.

edit: next time i see such price protection, i will follow these fellow.
With funds to move price about 20pips in a min, they must be the market movers.
Once spotted, must follow these big sharks.

yes. already had a entry order set at 1.33255 since this morning my time. it getting there soon only 8pips more as i am typing.

btw what are your target? mine is T1-1.3116, T2-1.305 and T3-1.30

Originally Posted by atac

yes. already had a entry order set at 1.33255 since this morning my time. it getting there soon only 8pips more as i am typing.

btw what are your target? mine is T1-1.3116, T2-1.305 and T3-1.30

I am not so confident of the continued downtrend, so its a scalp for me.
target around 1.328

edit: i have shorted @1.3315 and 1.333

Well guys. we have a test of the red trend line together with R2, 200MA and Gator's out of the hat magic number @3334 area.
good chance to short here looking for a short retracement. Waiting to see some bottom signal for USDCHF...

Originally Posted by atac

yes. already had a entry order set at 1.33255 since this morning my time. it getting there soon only 8pips more as i am typing.

btw what are your target? mine is T1-1.3116, T2-1.305 and T3-1.30

If this morning's rise is simply based on statements that Greece will be supported by Germany/EU/IMF, then should we not expect it to go to 134 if they announce details in the coming days? Then it will resume the downward trend.

We've gone from a 40 bn bailout to 120 bn and now double again to 240 bn yet the Euro rises.

The BBC explained Germany's situation in plain English this morning for anyone interested: BBC - Gavin Hewitt's Europe: Explaining German angst over Greece

Check out April 20, 2010. Similar price action as today for the time frame of the past few hours and then a nice decline. I think we may get that today. I think this run up is short covering but price has now reached the daily pivot, downward sloping trendline and 55 ema on the four hour. Maybe US GDP numbers will be a catalyst for dollar strengh for the rest of the day.

Looking a bit bullish to me is Euro for now. Picking up slightly cross-currency, which is good. No news will drive it down yet reckon. 1.3800 again hopefully. Should cross daily MACD. Weekly has a lazy swing for up, monthly firmly down though. Think price will stay in place for a while. Higher up are good shorts again, let's let the great bear have a rest for a while.

I don't think we well get anywhere near 1.38. Way to many institutions with Euros to unload. This rally is just short covering before the weekend. I think it will get knocked down today. 1.33 is a good place to short.

Originally Posted by Renegade

I don't think we well get anywhere near 1.38. Way to many institutions with Euros to unload. This rally is just short covering before the weekend. I think it will get knocked down today. 1.33 is a good place to short.

I'm not adding shorts for now. Will await until next week to see developments. It's more than 1.33 now, so is a good chance of more recovery.

Originally Posted by Renegade

I don't think we well get anywhere near 1.38. Way to many institutions with Euros to unload. This rally is just short covering before the weekend. I think it will get knocked down today. 1.33 is a good place to short.

I think we'll see bailout news over the weekend and into next week so this will go up to 13415. This seems to go up based on hope of plan regardless of the facts that Greek's 40 bn -> 120 bn -> 240 bn.

I read that when Greece joined the Euro they borrowed at low rates, and used the money to pay civil servants and pensions. Will they take the bailout money and do the same? Never to be repaid!

Originally Posted by heyjoe

I think we'll see bailout news over the weekend and into next week so this will go up to 13415. This seems to go up based on hope of plan regardless of the facts that Greek's 40 bn -> 120 bn -> 240 bn.

I read that when Greece joined the Euro they borrowed at low rates, and used the money to pay civil servants and pensions. Will they take the bailout money and do the same? Never to be repaid!

The bailout package is already priced in at this point. the question is, what happens next? How will the debt restructuring go?And who else in the EU will need a bailout?

The trend is bearish. That's fine, but a lot of people have been gaining on long positions. FX signals is limiting at 1.355

Next week it will be better for shorts, I hope!

Edit: If it succeeds the third time to break the 1.333, I will long upto 1.34. Risky long!

And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!


Somebody is Crazy! I never anticipated this jump up! Took My fourth and last short position. All about 50 pips apart. I'm gonna sit on em like a Mother Hen till they Hatch or turn rotten. Got plenty of Cash to ride it out.
But I expect little golden Chicks pecking about the Barnyard. If not Today, early next Week

Originally Posted by bill2759

And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!


Somebody is Crazy! I never anticipated this jump up! Took My fourth and last short position. All about 50 pips apart. I'm gonna sit on em like a Mother Hen till they Hatch or turn rotten. Got plenty of Cash to ride it out.
But I expect little golden Chicks pecking about the Barnyard. If not Today, early next Week

Yes bill. It won't short till next week. Some entities are in huge long positions that has changed the game. I started to believe in market movbers despite this market is so huge to move in some direction.

if eur is unable to close below 1.33, it will be going towards 1.35
unless greece package is unsatisfactory to investor.
hope it will go below 1.33 which i view as support, it is also the breakout line.

eurusd 4hr chart