1h chart. Ascending trendline seems to be valid. There will be a breakout and a cross of MA? RSI 5 point to north.
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
Auslanco - GBP/JPY and GBP/USD (newstrade) 235,578 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
GBP/USD, GBP/JPY trading, my journey 34 replies
Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies
DislikedDoes anyone know why sell off on eurjpy and gbpjpy but not on usdjpy?Ignored
DislikedDoes anyone know why sell off on eurjpy and gbpjpy but not on usdjpy?Ignored
DislikedThis might give you an insight about how solid the uj support currently is..
The daily chart shows us price had retrace from 78.6 fib level and had been retested. Daily chart indicates a fail downtrend breaktrough that fib level.
The H4 shows us a solid channel. Actually been broken upward, but the fomc meeting last days bring it back to ground level.Ignored
Disliked- Always read the news then determine the sentiment yourself (positive or negative dollar) at http://www.forexlive.com/Ignored
DislikedI think is the classic sqeeze of the market. So far i'm long TP 127.40/80Ignored
DislikedHuh, I was long for 2 weeks and a half with the same or higher TP. Now selling it. If price stops here where we are we'll have Bearish Outside Bar on Daily chart. I don't think there is much chance to go up this week. If price brakes 123.7-9 area it will go down further...just my view...
PS if someone would like to exchange Trade explorer views let me know and I'll add you as a buddy (live accounts only please).Ignored
DislikedAnd the handle's rounding bottom continues. Although maybe not much longer.Ignored
DislikedAbout the "cup" theory, does it give any projection of the price movement after the handle? Like TP level?Ignored
Disliked@ mrroboto
@ Mpt
In your analysis, is there a Price level where you would say that Price has other intentions and Long is not valid anymore? In my view, if Price crosses 124.4 short is absolutely invalid.Ignored
Disliked@ mrroboto
@ Mpt
In your analysis, is there a Price level where you would say that Price has other intentions and Long is not valid anymore? In my view, if Price crosses 124.4 short is absolutely invalid.Ignored