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    • rgitt05 replied Jul 27, 2007

      There is no big economic news for the GBP next week.. — I believe the market will trade base on technicals until some big news turn the market around... This market will have a further drop before a big retracement.. rgitt05

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 25, 2007

      Look at the Dollar index.. — The dollar index is part of the reason the market is having the jiggers.. I did read on FF that if the USDX breaks below 80 it might trigger USD to spiral down. Hopefully, the market have some good earnings ...

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 25, 2007

      Price of Gold is going down.. — I wonder if the unwinding of the carry trades have anything to do with the decrease value of gold... Maybe the market is getting ready for a rebound after the housing earnings later... rgitt05

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 25, 2007

      The stock market is still waiting for earnings from the home builders.. — I think the GBPJPY still have more movement downward before retracement... I would wait until after the market close at 4:00 pm and the direction of the 4 hour candle... ...

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 25, 2007

      I believe the housing sales still haven't bottom yet.. — The market might range bound unless the stock market earnings and bonds move is great today..Also, NZD have interest rate announcement at 5:00 pm... The trend is still pointing downward ...

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 25, 2007

      Hi BR, I'm basing on the fibonacci setup from the high and low from the Asian session...I usually get as close to the lowest or highest range the pair moves during the NY time...It works for me most of the time...I use it alot for the GBPUSD and ...

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 25, 2007

      I think the GBPUSD is rangebound because of no economic news during London Time...Housing prime mortgages seems too be the catalysis for all currencies determination overall market for the summer... rgitt05

      Daily GBP/JPY analysis
    • rgitt05 replied Jul 25, 2007

      My prediction of the lowest range for GBPJPY — I fib the highest and lowest level from Asian time and determine the pair to drop anywhere in the 244 range if the news is disappointing.. Look at the chart below.. rgitt05

      Daily GBP/JPY analysis