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-   -   Dragon Riders GBP/JPY (https://www.forexfactory.com/showthread.php?t=514697)

dianajs May 24, 2018 2:58am | Post# 28561

It did drop to 146.00 as I thought it would, and by the looks of things the depreciation will continue.

dianajs May 25, 2018 8:18am | Post# 28562

It overcame 146.00, I think it will continue depreciating to 145.30.

Tweetren May 25, 2018 8:25am | Post# 28563

The double bottom on 1h chart & 15m charts have finally formed. Now, will we see up now?

elias.b May 26, 2018 12:37pm | Post# 28564

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dianajs May 28, 2018 7:33am | Post# 28565

The double bottom on 1h chart & 15m charts have finally formed. Now, will we see up now?
Those are too short time frames for the signal to be long term and reliable.

dianajs May 28, 2018 11:58pm | Post# 28566

It rebounded from 144.85 but I still have shorts open, I don't think the depreciation is over.

xternity May 29, 2018 3:47am | Post# 28567

Brutal

Suj May 29, 2018 12:18pm | Post# 28568

It rebounded from 144.85 but I still have shorts open, I don't think the depreciation is over.
Looks further fall coming as it has hurricaned down

xternity May 29, 2018 2:26pm | Post# 28569

It looks like it wants to fall and create a new low.

Suj May 29, 2018 5:37pm | Post# 28570

It looks like it wants to fall and create a new low.
News might just do that..

Suj May 29, 2018 6:33pm | Post# 28571

Looks like it is setting for a sell mode..selling now for a small risk with 30 pips s.l..fingers crossed

Mpt May 30, 2018 12:02am | Post# 28572

Should it be in correction it should bounce strongly from here (143x) or about 139 in the extreme. In a reversal it may bounce out of 135/136 ish before down again through 132/131. At this time the daily sustains at totally oversold, but suspect that by the time it's finished in a possible reversal all larger time frames will be likewise. Whether that's below 122 or 116 remains to be seen.

cat May 30, 2018 3:52am | Post# 28573

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Weekly 100sma was hit yesterday - potentially very strong support, so could continue rallying from here.....
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dianajs May 30, 2018 6:52am | Post# 28574

{quote} Looks further fall coming as it has hurricaned down
I think the depreciation will continue but we'll have to wait out the correction first.

ciardim May 31, 2018 6:11am | Post# 28575

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dianajs May 31, 2018 8:24am | Post# 28576

I decided to open a long position today and make use of the correction, TP is at 146.00.

JeremyV Jun 1, 2018 7:37am | Post# 28577

Still convinced it's a correction and not a reversal?
Double bottom an M30 at 143.20 and no touch of 143.00. Bears ran out of steam.

dianajs Jun 1, 2018 7:46am | Post# 28578

Still convinced it's a correction and not a reversal? Double bottom an M30 at 143.20 and no touch of 143.00. Bears ran out of steam.
Some corrections can be very deep, it may still start depreciating again at some point.

Mpt Jun 1, 2018 7:53am | Post# 28579

Still convinced it's a correction and not a reversal? Double bottom an M30 at 143.20 and no touch of 143.00. Bears ran out of steam.
At what point does it cease to be a correction in yr books? A standard diamond reversal would allow for as far up as 147.5/148 before 139.

Riskee Jun 2, 2018 11:12pm | Post# 28580

Well...After the G7 meeting conclusion ...THERE WILL BE A TRADE WAR WITH THE ISOLATION OF THE U.S AND VERY STRONG REFUSAL OF BULLYING FRIM ALL THE OTHER MEMBERS , NOT TO FORGET THE VERY SHARP TONE OF THE SPEECH ...THIS IS A TRADE WAR.
I THINK THE YEN WILL SOAAAAAAAR NEXT WEEK AND EVEN MAY OPEN WITH A BIG GAP DOWN ....BACK TO 140 GUYS


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