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reggiecjh May 26, 2020 2:53am | Post# 2241

{image} {image} What I see. Dont get me wrong I'm a GBPJPY bear but sellers look exhausted at 131-130. Both don't look too good for us right now. Back to hibernation for me! (But before I do, let me buy some at 131-130.8 handle right now. Target is 61.8 or 50.0 fibo) Hehe
Hi all, we're almost there to first TP.

TP1 Fibo 61.8 132.50-132.60
TP2 Fibo 50.0 134.9-135

msniper May 26, 2020 3:30am | Post# 2242

I see bullish movement now

I just bought GU at 1.2258 SL 1.2160 TP between 1.2450 to 1.2660

GJ is going up also but I only see a target of 134.10 at the moment not sure if it can go more than 134 area

abhilash May 26, 2020 4:55am | Post# 2243

A good Daily close above 132 will give more fuel to longs.

abhilash May 26, 2020 5:09am | Post# 2244

132.70 should be next. Confluence area . {image}
Booked some profits here and rest locked.

Will add more longs once the daily closes and on pullback.

karmostaji May 26, 2020 3:47pm | Post# 2245

I see bullish movement now I just bought GU at 1.2258 SL 1.2160 TP between 1.2450 to 1.2660 GJ is going up also but I only see a target of 134.10 at the moment not sure if it can go more than 134 area
Are you convinced with the daily bullish candle? I'm having doubts and I see a H&S pattern..

karmostaji May 26, 2020 5:06pm | Post# 2246

{quote} Are you convinced with the daily bullish candle? I'm having doubts and I see a H&S pattern..
Nevermind, after the daily close now, I expect a retracement into 132 area and then bullish continuation.

msniper May 26, 2020 5:35pm | Post# 2247

{quote} Nevermind, after the daily close now, I expect a retracement into 132 area and then bullish continuation.
I cannot read GJ very well at this moment

I know that GJ is targeting around 134.10 but whats after that ?

and I know GU targeting 1.2450 to 1.2680 in this range the top will happen and big drop will come followed

GU my personal target is 1.2550 but I might exit before depend how the situation

so if GU is going up 1.2550 that's mean 200pips up so can from current price GJ can push to 134.60 I guess !?

the whole point is we are in corrective wave and we need to be careful I guess

karmostaji May 27, 2020 1:57am | Post# 2248

{quote} I cannot read GJ very well at this moment I know that GJ is targeting around 134.10 but whats after that ? and I know GU targeting 1.2450 to 1.2680 in this range the top will happen and big drop will come followed GU my personal target is 1.2550 but I might exit before depend how the situation so if GU is going up 1.2550 that's mean 200pips up so can from current price GJ can push to 134.60 I guess !? the whole point is we are in corrective wave and we need to be careful I guess
Support area @ 132.00 area, if it holds then I expect bullish continuation and my TP area 133.75 and then 135.75 atleast, we have crossed daily gann and closed above daily gann hilo as well.

msniper May 27, 2020 2:26am | Post# 2249

1 Attachment(s)
my expectation for GU

I doubt that we will make BLACK arrow scenario

I suggest we do BLUE one small top then we make correction then again long until 1.2550 area and from there start to build short

the same analysis apply for GJ

we have bullish pattern and if GJ go down to 131.60 to 132.05 its a buy area
Click to Enlarge

Name: gu bm.jpg
Size: 271 KB

msniper May 27, 2020 10:04am | Post# 2250

GJ just touched the neckline for the head and shoulder I think its a buy area and we going up

abhilash May 27, 2020 10:35am | Post# 2251

1 Attachment(s)
Watch 131.60/70 area for the bounce. Confluence zone.
Click to Enlarge

Name: GBPJPYH1.png
Size: 71 KB

abhilash May 27, 2020 10:50am | Post# 2252

Bought @ 131.73.

SL 130.60. TP open.

Kuoppis May 27, 2020 11:57am | Post# 2253

Happy in my short.

karmostaji May 27, 2020 12:45pm | Post# 2254

Bought @ 131.73. SL 130.60. TP open.
I have a similar position now.

We have HH and LH on the 4H and retested the broken TL, expecting price to go higher..

reggiecjh May 27, 2020 8:45pm | Post# 2255

V clean rising wedge back to 132.5-6 (fibo 61.8) on H4

abhilash May 27, 2020 8:49pm | Post# 2256

Bought @ 131.73. SL 130.60. TP open.
Closed for +50 .
Not liking the PA.
Month end. No more position for me now.

extract May 27, 2020 10:11pm | Post# 2257

Hey guys it's time to start loading up big long positions. I wouldn't be surprised to see it hit 134 today.

abhilash May 27, 2020 11:37pm | Post# 2258

Couldn't control my itchy finger.

Sold GJ @132.30 . TP open.

chrisyuto May 28, 2020 12:56am | Post# 2259

I am taking

short 132.10
sl 132.44

extract May 28, 2020 1:41am | Post# 2260

All of you shorters are nuts, how can you not tell that this is a long from this point onwards?. Next month we could be seeing 144.....


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