Look at AUD/USD, Cable, EUR/USD, USD/CHF - You see a major USD strenthening over the last 1 hour. Then look at the USD/JPY - Almost no affect at all. To me this implies that JPY is being bought against all other majors before the G7 starts (and the ...

Cable Update (GBPUSD)

Went short at 1.9675 — I was hoping to short at 1.9680 - but 75 seemed toppish and took a short there - stop at 1.9690 (if it breaches that - i will hedge) - take profit at 1.9650

Daily Cable Analysis

As i wrote earlier - i currently dont see any trend - up or down - but the near term i see a down trend for scalping because there are no strong drivers to move it upwards. If its not going up and there is ongoing weakness on the GBP/JPY end - then ...

Daily Cable Analysis

Short at 1.9680 — Traders, Read my last post - so far in scalping i have been +40 pips. Next trade is short at 1.9680 or earlier if the 10 min charts start showing weakness. Target profit is 12-20 pips depending on the momentum and volume of ...

Daily Cable Analysis

No Swings clear - Scalping is a good idea — Traders, in my 2 cents - the market does not have a very clear trend setup at the moment - its only averaging and after 6 years of trading i have learnt not to emphasise my gut feeling (read ...

Daily Cable Analysis

Trending — i am not a full time trader - i take 3-4 trades a week at the most and my success rate is close to 80% I use simple tech analysis with fundamentals thrown in - use simple indicators - one propreitary written on dealbooks and a ...

Daily Cable Analysis

Hi Guys, I am new to the forums but have been trading for about 4 years now with a good mix of fundamentals and technicals. Regarding the USD/JPY - When you look at what the BOJ rate did, i think its important to look back and see what has the JPY ...

Confused

Hi Scale, Im new to these forums as well. Have been trading the forex market for over 4 years now on a good mix of technicals and fundamentals. As i see it, on a 60min, 1hr, 4hr, 1 day and 1 month chart, nothing should bring the GBP/JPY down. All ...

Gbp/jpy will it go down ?