DislikedGBPJPY is approaching its all time high at 175.00 strong, but the bearish divergence might say otherwise. It will probably take weeks to find out if the 175.00 will hold or not. {image}Ignored
Fix up, trade sharp ...
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DislikedGBPJPY is approaching its all time high at 175.00 strong, but the bearish divergence might say otherwise. It will probably take weeks to find out if the 175.00 will hold or not. {image}Ignored
Disliked{quote} All time high or highs of the current range is a huge difference.Ignored
DislikedGBPJPY is approaching its high at 175.00 since 2009, but the bearish divergence might say otherwise. It will probably take weeks to find out if the 175.00 will hold or not. {image}Ignored
Disliked{quote} Hickson, You are right, i mean to say high since 2009. Good catch.Ignored
Disliked{quote} Not trying to be hyper correct here, but for TA it is a factor of course.Ignored
DislikedThis mean, She will go straight to 175 with out any retrace ? Or Small retrace and go on , and repeat the loop untill 175 ?Ignored
Carney will be speaking again on Thursday and the BoE will be publishing their Financial Stability report, which could provide more guidance on how the U.K. government could reduce stimulus through fiscal and monetary policy. If the central bank successfully convinces the market that they are moving closer to raising rates, sterling could find its way towards 1.73 – but in all likelihood it will be a slow drift higher.
Source from Kathy Lien, BK Asset Management
http://www.bkassetmanagement.com/fea...hit-1-73_7093/
DislikedJust a friendly advise Focus on pairs with ADR 30-50pips even when wrong you can safely get out. Pairs like G/JPY is highly manipulated and I suspect with Japan's banks.Its volatility is extreme and hard to gauge.Go long and it can drop 50pips in short time and go short it can spike 50pips like it did recently. With so many trade-able pairs I don't understand why specially new traders placing orders on this pair when they should be staying clear of it. I don't trade this pair at all and I don't feel I am missing out either. Trading is challenging...Ignored
DislikedThis mean, She will go straight to 175 with out any retrace ? Or Small retrace and go on , and repeat the loop untill 175 ?Ignored
Disliked{quote} I will be watching this pair next week. Make sure follow me and we will go through them as market goes next week.Ignored
DislikedBOE is lacking support on its next rate hike while GJ is heading toward its 5-year high again. GJ had its first week lose in the past 4 week while fading from its major resistant level 1.7350 fueled by Yen's 24-year high inflation. {image} Complete analysis here http://www.forexfactory.com/showthre...92#post7568192Ignored