Thread: GBP and JPY Pairs H1 2013

Originally Posted by EuroTraderApp

Its raining pips! Congrats to you and anyone who made money in the markets this week. It was a tough one but seems to be ending on a nice note (Euro down, Eurozone woes back on the table - lol im a psycho).
Midas

Seeing Germany get dragged into recession by its neighbors' woes: I believe the term is Schadenfreude?

unleash tha Bulls

Originally Posted by jamilgaruty

guys i dont know what to say but am really busy these days..
but i just came to say that look at the 4h chart it is interesting, price just reached the max point of retrace. further move may change my mind to bullish move but as long as the price well capped under the 2600 roughly i want to see a bulk of sell orders here, but the break my trigger the pac man to eat some stops there so in either way wait for break or hold, for me am a bear fan,
HINT: ANY BREAK BELOW 2550 TRIGGER A POTENTIAL SOUTH MOVE ...

AND HERE WE GO GUY AS WE THOUGHT THE EURO DROPPED MORE THAN 50 PIP IN ASIAN TRADING SESSION
I LOVE THE WAY WHEN MY CHART WORKS PROBABLY :0

Originally Posted by Robert Eckert

Seeing Germany get dragged into recession by its neighbors' woes: I believe the term is Schadenfreude?

Ain't happy about that - am half German myself - but yup a bit of Schadenfreude is defo on the table.

HERE IS MY CHART AM IN PROFIT HEHEHE

10225 is the number USD needs to break to confirm the breakout to the north...
played heavy shorts to 2480 and scalped some longs and back in with shorts... would like this to break south now...

GL...

Quote: "Joel Kruger ‏@JoelKruger"
$EURUSD: Well supported in the 1.2480 area and as trading volumes pick up, a break back over 1.2500 could accelerate gains.

Originally Posted by Bal

Quote: "Joel Kruger ‏@JoelKruger"
$EURUSD: Well supported in the 1.2480 area and as trading volumes pick up, a break back over 1.2500 could accelerate gains.

Quote: Ilya Spivak ‏@IlyaSpivak
EUROPEAN BRIEFING - Dollar and Yen Aim Higher as Bernanke, Spain Rating Cut Hurt Sentiment

Originally Posted by Bal

Quote: Ilya Spivak ‏@IlyaSpivak
EUROPEAN BRIEFING - Dollar and Yen Aim Higher as Bernanke, Spain Rating Cut Hurt Sentiment
Quote: "Joel Kruger ‏@JoelKruger"
$EURUSD: Well supported in the 1.2480 area and as trading volumes pick up, a break back over 1.2500 could accelerate gains.

Confusion!!!!

Originally Posted by Bal

Quote: "Joel Kruger ‏@JoelKruger"
$EURUSD: Well supported in the 1.2480 area and as trading volumes pick up, a break back over 1.2500 could accelerate gains.

probably the new economic data "EUR Italian Industrial" @ 8.00GMT? will give an answer... over 15 min.

Originally Posted by EuroTraderApp

Fellow Traders,

The new normal for the EUR/USD towards Q3 of this year: 1.15-1.20 (not 1.25-1.35).

Key risk to our hypothesis: All toys are thrown out of the pram: The Fed announces QE3 at an emergency meeting next month and simultaneously, the ECB starts to conduct LTRO 3/SMP 2 and lowers the interest rate - all of this following a failed Greek election. This results in a sharp spike in the Euro up to c. 1.30-1.35.

We continue to short into strength,
Midas

Well if the anti short scenario plays out I guess this would be an awesome opportunity to get into some longer term short position rather than so low where the risk to the upside is always greatest in the low 1.20s where historical lows are threatened and make great point for reversal possibilities.

EURUSD just broke anticipated support @ .2480 level.

Originally Posted by Bart3s

probably the new economic data "EUR Italian Industrial" @ 8.00GMT? will give an answer... over 15 min.

ITALIAN INDUSTRIAL PRODUCTION FOR THE PREVIOUS MONTH, MARCH, WAS REVISED HIGHER FROM 0.5% TO 0.6%M/M SA, AND FROM -5.9% TO -5.6%Y/Y NSA.

What do you think now???

Next support???

Originally Posted by Bal

ITALIAN INDUSTRIAL PRODUCTION FOR THE PREVIOUS MONTH, MARCH, WAS REVISED HIGHER FROM 0.5% TO 0.6%M/M SA, AND FROM -5.9% TO -5.6%Y/Y NSA.

What do you think now???

I am not an expert, but...
We are still in a bearish trend, and for me, I stay bearish till next weekend, the greek elections.
(also spain data is not good)
I think that will pull the euro aggressively down.
This 1 week bullish, i see that as an correction on the previous bearish weeks.
but that is my opinion

also the EURUSD was bullish because the USD was weak, when USD recovers it will go down down down...
just following my mind :-)