I see 199.00 area is the solid support. If it ever gets down 30-40 pips below that level, then the trend might continue to be down. Otherwise, still looking to the upside ..
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Dislikedhttp://apnews.myway.com/article/20080327/D8VM0BPO1.html
How can there be a major move up with this hanging over everyone's head?Ignored
DislikedI am looking to long instead, if hourly chart is starting to trend up ..it may be the timing to enter longIgnored
Dislikedwe are testing that 61.8% fib right now at 199.25.
It could be where the pivot forms to go long.Ignored
DislikedOk so here we are at the 61.8% of last nights move to high of US sesssion.
199.25 .
I would wait for a trend reversal confirmation on the 15 min , a break of at least the 20 sma to go long. Put it this way if there is another wave up it , it will be as long as the last 350 pip. So we can affrod to wait a few pips for trend reveral confirmation.
The range is getting narrower and narrower on the 4 hour , expect another major movement(500 pips plus in days) in the next week or soIgnored
DislikedOk so here we are at the 61.8% of last nights move to high of US sesssion.
199.25 .
I would wait for a trend reversal confirmation on the 15 min , a break of at least the 20 sma to go long. Put it this way if there is another wave up it , it will be as long as the last 350 pip. So we can affrod to wait a few pips for trend reveral confirmation.
The range is getting narrower and narrower on the 4 hour , expect another major movement(500 pips plus in days) in the next week or soIgnored
DislikedOk so here we are at the 61.8% of last nights move to high of US sesssion.
199.25 .
I would wait for a trend reversal confirmation on the 15 min , a break of at least the 20 sma to go long. Put it this way if there is another wave up it , it will be as long as the last 350 pip. So we can affrod to wait a few pips for trend reveral confirmation.
The range is getting narrower and narrower on the 4 hour , expect another major movement(500 pips plus in days) in the next week or soIgnored
DislikedHi Malcom, is ur 20sma on 15m chart at 199.75 ? since i noticed there r some difference coz of broker n timezoneIgnored
DislikedIf you can wait till 199.2 that would be a better place to sell .
Lots of support on the 199.5 to 199.2 zone , incuding 61.8 % fib reatracement and 50 sma on both the 60 min and 2 hourIgnored
DislikedMr. Mirror Image tells me that the low on GBPJPY is here, as of 19:12 PST @ 199.57.
200 pips lower and 13 hours into the session, confirmed also by Gann angles and Arc projection
FWIW,
AlIgnored
DislikedThx bro
Anyway since today is the last trading day on the month will profit taking pull GJ back to 195 or even lower ? Any thought on that ?Ignored
DislikedI meant sell we are in a primary downtrend
going long increases your risk of a losing trade by 100%
The trend is your friendIgnored
DislikedI meant sell we are in a primary downtrend
going long increases your risk of a losing trade by 100%
The trend is your friendIgnored