Comments on: GBP/JPY: Can be one of the noisiest currency pairs

By: Matt the Third

Matt the Third — Tue, 29 Jan 2013 05:02:20 +0000

Problem with Cable is that I think the easy money has been made; its probably going to be a bit choppy from here before anoth leg lower, and with the upward pressure from EURJPY and USDJPY its probably going to make GBPJPY pretty choppy too. I wouldn’t be chasing lower at these levels.

By: Toto

Toto — Tue, 29 Jan 2013 05:01:56 +0000

I have heard a rumor of GBP at 1.52 days ago, and I think is going through….

By: Toto

Toto — Tue, 29 Jan 2013 04:58:09 +0000

I see the GBP going down… ( GBPUSD )
And also Yen is weakening… However, at this very moment JPY is oversold agaimst most currenvies, (trades 90.800) and see a small pullback in progress..
I think the pair GBPJPY is a short, to try with some pennies only, and to keep perhaps till Friday or a sustantial downward, and then close……

By: Matt the Third

Matt the Third — Tue, 29 Jan 2013 04:56:13 +0000

Yeah Vlad, I hear a load of people say that there is no movement in Asia, and sometimes that is true; but if you are in “asian” pairs you can get some good movements before bedtime! Problem I have, I that I have a sixth sense of when something is going to move and I open a position the wrong way and then have to sit through the Asia open with a EURSEK position!! (or similar)

By: vlad

vlad — Tue, 29 Jan 2013 04:45:29 +0000

It’s because of the move in JPY, it has nothing to do with GBP. Same moves in EUR/JPY