It's ok to be bearish on GBP/JPY....but wait until we reach the top of the channel near the 153.50/154 level, bulls have the market right now, we're simply waiting for a new daily candle.

image Money Management is key....

You kind of missed it....146.00/15 was a great entry on a retest of 145.78 support This of course was the best place to go long with the tightest stoploss. Now you should be looking for a break of 149.25, or if you aggressive take a look at 148.40. ...

Trade the facts, don't bias yourself. Last few weeks have been bullish with consolidation in the last week. We are trading in a bullish pennant formation. The bulls do have the upper hand pattern wise. Support/Resistance. Bulls need 149.25 for ...

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Its most likely headed for 1.7480 Its a bullish trend....higher highs...higher lows.... My advice would be to cut your losses, you're in the wrong trade

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I hear a lot of talk about Elliot Waves here and price projections Why have none of you mentioned the head and shoulders on G/J? 4 hour Chart

Well now I am implying that you need to expand your educational knowledge of the forex market and learn a vital rule of thumb. Previous support becomes new resistance...and vice versa

Seriously guys??? Look at the Daily high from March 24

There are a lot of reasons to be considering entering short. The old Buy low and Sell high....we are approaching the sell high set up. Many people have strong resistance in the 151.50-155.00 Area. The upper limit is mostly considered over extension. ...

I fight the trend because I would rather deal with 2 months of negative interest and be rewarded with over 1000 pips for a trade, then to enter at the top of a trend earn maybe 1 or 200 pips for the trade and an additional 20 pips for interest I ...

Hello All... The analysis for the most part has already been posted over the past few weeks so I don't think I need to explain anything too thoroughly I am short on G/J There is bearish divergence that needs to play out....by the time it does there ...

Major support was at 202.50...it needed to break to continue down, from a basic technical perspective....it failed and bounced off support. Theres your reason. Further more, the resistance that was holding it from going higher was 204.82 and ...

Its interesting how BOTH USD/JPY and GBP/USD were the only pairs that had significant gaps and made G/J open 150 pips lower than the close.... Where is that OwningSoros character.....I told him me and the bears are partying too hard aint nothing ...

lol hardly....IBFX 9 pip spread

Not really I am long from 207.76 targeting 208.25 where I will add another short Stop is already B/E so its all good

Que I agree with you to a certain level, but I do not use stops, and am still successful at trading. The key to the safe MM with G/J is immediately accounting for a multi hundred pip 'loss' for me I trade where every 100 pips is 1% of my account. I ...

I like to anticipate I've been long euro for a retrace since 1.5488....felt it would fuel the fire to drop anchor on G/J

My money is on 1.4600 area.....