here we go ,,here is the long term view on gbp/jpy ..
we are on the beginning of o long term bottom ,and with no doubt we will testing the low's again at 125/126 area to form a base on daily/weekly.. so what happen inbetween 139 and 125 i dont know,and the most will not know,but to play inbetween the lines is ok for me... ill def sell at the KEY RESSISTANCE AREA AT 139.20/40 FOR A DROP TO 125/126 ,or buy at 125/126 for a possible low is then form for a test of 139.20/40...
some here mention up we go to 142/144... naaah we wont break 139.40 with first test ,and we will drop atleast 800-1000 pips after we test 139.40,and can drop to as low as 125/126 to form that base and that will be the head of an inverted H&S,that will later onroute us to 155/160 ..
a weekly close above 139 will be the very first sign that the bottom is alredy inplace and we will go and test and confirm with a spike above 146 for bullish long term,,,then we have a 1/2 of a inverted H&S AND 139 WILL BE THE RIGHT SHOULDER ...
so for now we will be between 139 and 125 for quiete a long time/days . but i will say that again we will test 125/126 again sometime ,dont know when but for now i have to options in my trading plan..sell at 139 or buy at 125 or possible spike lower (my long time buy area sit actually at 123.80) who ever hit first ,ill jump that train...
i do agree we are at the beginning of a bull move to 160 area,but it is in the early stages and can take upto weeks to develop..
but for now im enjoying the world cup and rooting for england to win ,but could not help to put my money on portugal for the win..
wakka wakka eih eiih ...
catch ya later
we are on the beginning of o long term bottom ,and with no doubt we will testing the low's again at 125/126 area to form a base on daily/weekly.. so what happen inbetween 139 and 125 i dont know,and the most will not know,but to play inbetween the lines is ok for me... ill def sell at the KEY RESSISTANCE AREA AT 139.20/40 FOR A DROP TO 125/126 ,or buy at 125/126 for a possible low is then form for a test of 139.20/40...
some here mention up we go to 142/144... naaah we wont break 139.40 with first test ,and we will drop atleast 800-1000 pips after we test 139.40,and can drop to as low as 125/126 to form that base and that will be the head of an inverted H&S,that will later onroute us to 155/160 ..
a weekly close above 139 will be the very first sign that the bottom is alredy inplace and we will go and test and confirm with a spike above 146 for bullish long term,,,then we have a 1/2 of a inverted H&S AND 139 WILL BE THE RIGHT SHOULDER ...
so for now we will be between 139 and 125 for quiete a long time/days . but i will say that again we will test 125/126 again sometime ,dont know when but for now i have to options in my trading plan..sell at 139 or buy at 125 or possible spike lower (my long time buy area sit actually at 123.80) who ever hit first ,ill jump that train...
i do agree we are at the beginning of a bull move to 160 area,but it is in the early stages and can take upto weeks to develop..
but for now im enjoying the world cup and rooting for england to win ,but could not help to put my money on portugal for the win..
wakka wakka eih eiih ...
catch ya later