Looks that way but I'd like to see the HSBC Flash PMI before I get in either direction. The Nikkei opened higher but now it's as if they would like to see the numbers also before proceeding much higher.

Geppy's Geppy Thread (GBP/JPY)

Sorry if I wasn't clear, long the British Pound against the yen.

Geppy's Geppy Thread (GBP/JPY)

Haha! Just like here in the U.S. The Fed's Fisher said QE was a massive gift intended to boost wealth, lol. Yeah, the QE is largely for Japan INC. Not the working man for sure. Abe was almost forcing firms to raise salaries because of the inflation, ...

Geppy's Geppy Thread (GBP/JPY)

I'm hearing conflicting schools of thought on further stimulus from the BOJ now. One from Kuroda is that Japan is on the path to the 2% inflation target and that the BOJ is ready to act if the new tax dampens the economy. The other is from Yale ...

Geppy's Geppy Thread (GBP/JPY)

Np, I'm going to short the boss, the carry trade driver itself over the weekend EUR/JPY. The BOJ is far from saving it and the ECB is watching carefully for deflation to act. A double whammy. Very different landscape now. Have a good weekend.

Geppy's Geppy Thread (GBP/JPY)

The reason I say 164.86 is because this is the year of the U.S. dollar now, look at GBP/USD and the DOW Jones. Equities are at a near top, China is beginning to see big defaults and has asserted to a growth level of 7.5%. That is all talk, they cook ...

Geppy's Geppy Thread (GBP/JPY)

164.86 I think.

Geppy's Geppy Thread (GBP/JPY)

The S&P hit some kind of record again and banks are now waiting for earnings before they sell. No, they already know what they are going to do and they know valuations are ridiculously high. GBP/JPY can be a risk appetite indicator and we see what ...

Geppy's Geppy Thread (GBP/JPY)

Appointment cancelled so I came back to look into my power and see the future of this market. Analysis to follow.

Geppy's Geppy Thread (GBP/JPY)

You were right MPT, it's breaking down. I don't want to trade it this Friday. I see something that may be okay. After generational lows AUD/NZD finally coming up now that both are weaker to the U.S. dollar? Target 112.00? Have a good weekend ...

Geppy's Geppy Thread (GBP/JPY)

That is true. I see something else now though, it's being supported on multiple time frames. I think this will be the start of a grind higher, inch by inch.

Geppy's Geppy Thread (GBP/JPY)

Creating lower lows in this session with no sign of bidders, I'm out.

Geppy's Geppy Thread (GBP/JPY)

It appears so. Japan is closed due to a holiday. Vernal Equinox Day. Huh?

Geppy's Geppy Thread (GBP/JPY)

Well, let's see if they can hold the line at 169.00 Jeremy. I also see a double bottom on the 15 min. "Wall Street Looks into Earnings to Confirm Valuations." No, this market has gone bad now but this B.S. may give us some time before the the big ...

Geppy's Geppy Thread (GBP/JPY)

Great trendlines there. Thanks for sharing the chart. It could go down. Hmm, UJ seems to be doing better.......Yellen.

Geppy's Geppy Thread (GBP/JPY)

They have worn him out, yes better to take the money and come back to the fight later when rested up. I see the U.S. has rallied in the face of the China Syndrome, Ukraine and even Janet Yellen. Looking at the Nikkei historicals there has been some ...

Geppy's Geppy Thread (GBP/JPY)

In the middle of last Feb. I went short and there was no follow through on what I saw as a break down of the pair. After a couple weeks in the same area the bulls somehow engineered a support and launched it 450 pips higher, I was disgusted.

Geppy's Geppy Thread (GBP/JPY)

Me too at 169.11, perhaps just for Tokyo and close maybe before the London open. It seems there is a double bottom in the 168 area but also a double top at 169.70. Yes, that refusal to sink from here is kind of convincing me there will be a grind ...

Geppy's Geppy Thread (GBP/JPY)

Is anyone else long here?

Geppy's Geppy Thread (GBP/JPY)

The Nikkei has been down big time from it's high of 16,320 and now it's approaching an important level; 14,000. Although the correlations are gone with other equity markets we could still see a huge rally during the Tokyo session soon as 14,000 may ...

Geppy's Geppy Thread (GBP/JPY)