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GBP/JPY

Looking @ 135.50 target for this week and 138/139 area later.

133 / 133.25 is a good area to long if it retraces.
my view for GU and GJ should follow I guess
Attached Image (click to enlarge)
Click to Enlarge Name: gu 2nd june.jpg Size: 244 KB
I reviewed GJ

and It might go 100 or 200pips down to create right shoulder

in general its dangerous to sell GJ and should buy any retracement

target will be between 136 to 140.10

between 136 to 140.10 it will be a major reversal top to target drop below 120
Quoting abhilash
Looking @ 135.50 target for this week and 138/139 area later. 133 / 133.25 is a good area to long if it retraces.

Target 135.50 done. Next up is 138/139 area.

135.60 should be a good area to long, if it retraces.
Daily closed above 135.75.

Next up is 139 / 141.

Buying all the dips until 139/141 is reached.

I will look to enter shorts around 141 area.
my target in GBPUSD is 1.2825 so that's like 200 to 300 pips up which mean GJ will reach 138 to 139 and there we go short I agree
We might get a retrace to 135 area before continuing another push upwards
Trade what you see, not what you think.
Quoting karmostaji
We might get a retrace to 135 area before continuing another push upwards
I think retracement might happen after we make new high

so far 135.75 is support level
am short GJ 136.76

SL 137.07

TP 135 to 135.75
Quoting msniper
am short GJ 136.76 SL 137.07 TP 135 to 135.75
Trade what you see, not what you think.
Quoting msniper
am short GJ 136.76 SL 137.07 TP 135 to 135.75
moved my SL down to 136.90

less risk as I don't trust GBPUSD yet hehe it might explode up
Quoting msniper
{quote} moved my SL down to 136.90 less risk as I don't trust GBPUSD yet hehe it might explode up
Everything is telling me it should drop a bit but it is being stubborn..

Anyways I already have my SL at BE and from the looks of it I'm going to be stopped out again lol.. what a strange 2 weeks it has been for me.
Trade what you see, not what you think.
Quoting karmostaji
{quote} Everything is telling me it should drop a bit but it is being stubborn.. Anyways I already have my SL at BE and from the looks of it I'm going to be stopped out again lol.. what a strange 2 weeks it has been for me.
the drop I was aiming was just retracement but a big drop is not gonna happen now

when cable reach 1.2825 then we think of building big short positions
Shorting now. 135 is being targeted now. Trade Safe.

PS: This is not a trade advice. Follow your own plan.

Cheers
WARNING: This post warps space and time in its vicinity.
Quoting WizardTrade
Shorting now. 135 is being targeted now. Trade Safe. PS: This is not a trade advice. Follow your own plan. Cheers
Target revised new target at 135.370

Trade Safe.

Cheers.

Disclaimer: This is not a trade advice. Follow your own plan.
WARNING: This post warps space and time in its vicinity.
head and shoulders on GJ

I shorted 136.55 now

TP 135.30

SL 137.07
Attached Image (click to enlarge)
Click to Enlarge Name: gj h.jpg Size: 60 KB
Quoting msniper
head and shoulders on GJ I shorted 136.55 now TP 135.30 SL 137.07 {image}
SL hit 52pips was fake pattern I guess
Quoting msniper
{quote} SL hit 52pips was fake pattern I guess


Mine was hit too. I was so sure it will drop to 135.400, approx.
Quoting msniper
{quote} SL hit 52pips was fake pattern I guess
I got shot too..
I'm long now after breaking out of the range and retesting 137.15 area as support, hopefully the bullish move continues to 139-140 area.
Trade what you see, not what you think.
Quoting karmostaji
{quote} I got shot too.. I'm long now after breaking out of the range and retesting 137.15 area as support, hopefully the bullish move continues to 139-140 area.
the thing is we afraid to long then deep correction start lol

I think jpy pairs are ok to buy until USDJPY reach 110 then its gonna be risky
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