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by Ashraf Laidi
Posted: Nov 10, 2009 16:34
Comments: 611
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This thread was started in response to the Article:

Don't Forget the Yen

Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
 
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said
mulhouse, France
Posts: 2822
14 years ago
Jan 15, 2010 10:43
yen at 90.42
said
mulhouse, France
Posts: 2822
14 years ago
Jan 15, 2010 10:23
adam

91.27 reached ; thta was 38 percent retracement
if any body expect 95 well it wont happened before the second quarter.
adamcpf
Lisbon, Qatar
Posts: 58
14 years ago
Jan 15, 2010 9:35
@Said. Those numbers were spot on. Any suggestions for reading up about EW? Got to admit i'm intrigued.

Adam
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 15, 2010 3:10
@jj-cable will decline in earnest when eur/gbp stabilizes.

It is amazing though to watch the market temporarily levitate cable (the Pounder) as if it is THE BASTION OF SAFETY IN FX.

You didn't know that cable has just cured cancer, solved the world economic crisis and even discovered a vaccination for swine?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 15, 2010 2:16
jj, that yen strength will have to wait a while.. maybe until Q2

as for sterling, as pipped off said, it was driven by EURGBP just like USDJPY was driven by EURJPY earlier. I am NOT expecting GBPUSD to regain 1.64.


**** we said right after US retail sales yesterdat USDX would firm up & EURUSD new territory will be 1.4420-1.4450; rectangular consolidation. ****

It's also mentioned in the IMT

I still need the vote from those who have not yet had a chance !

And many thanks to those who have
http://shortyawards.com/alaidi


Ashraf
radu
bucharest, Romania
Posts: 203
14 years ago
Jan 15, 2010 1:45


Intersting


http://www.bloomberg.com/apps/news?pid=20601068&sid=afFXGlipblkg

What do you say about ?
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 14, 2010 22:56
@jj: it won't return. Cable is being driven by a sharp decline in the eur/gbp cross which started earlier in the week, and appears to be starting up again.

Here in the early Asia session, eur/gbp has already been knocked down 10 pips, and cable is up about 15 pips because of it, placing it in "breakout zaone. Sometimes in Asia, because of thin markets, things like this pop up, but are fairly instantaneous and reverse back to equilibrium shortly. However, so far today, xable is levitating at 1.6340.

I have no doubts cable will be popping to the upside at some point in asia or europe sessions, as eur/gbp will be continuously hit.
jj
New Jersey, United States
Posts: 22
14 years ago
Jan 14, 2010 22:40
is gbp at 16340 a violation of downtrend line or will she turn? osccilators turning bearish.
jj
New Jersey, United States
Posts: 22
14 years ago
Jan 14, 2010 22:38
ashraf you mentioned late last year that yen will strengthen as long as us rates are low, we had 4 fridays in a row of yen gains. do you forsee that again soon, or are you in weak yen camp?
said
mulhouse, France
Posts: 2822
14 years ago
Jan 14, 2010 20:12
ADAM

IF 90.82 BROKEN THEN IT WOULD GO TO 90. I DOUBT IT. IAM WAITING FOR A HOOK
SO MY OTHER PROJECTION WITH FIBO AND EW ARE
91.17 FOLLOWED BY A BOUNCE BACK THEN
91.26
91.39
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