Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Auslanco - GBP/JPY and GBP/USD (newstrade) 235,578 replies

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 119 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

Attachments: GBP/JPY
Exit Attachments

GBP/JPY

Quoting karmostaji
Well said Haqu.

We definitely have good resistance at 123.90 area, we can clearly see it on a daily/4h chart, will it break? We shall see.
I was merely asking to see if there was something I had overlooked guys. Still learning here and anything I can learn from you guys will ultimately turn me into a better trader...

123.92 trying to break
Quoting Freshpips
I was merely asking to see if there was something I had overlooked guys. Still learning here and anything I can learn from you guys will ultimately turn me into a better trader...

123.92 trying to break
Ofcourse, we are all here to learn and become better traders.

Best of luck mate
Trade what you see, not what you think.
Quoting karmostaji
Well said Haqu.

We definitely have good resistance at 123.90 area, we can clearly see it on a daily/4h chart, will it break? We shall see.

Thx.

Anyway USD/JPY is also at resistance at 79, if it will be taken next is at 79.20 and then 80.00 And U/J going up would probably take G/J also up.
I'am not a fan of trading news, but data from USA should show us direction of next movement. I'am in favour of bullish scenario becaus of bullish situation at U/J, which you can see on picture:

Major downtrend line(blue) has been broken, resistance at 78.75 has been take, 200 EMA has been broken, so the signal is kinda strong
Attached Image (click to enlarge)
Click to Enlarge Name: Wykres USD_JPY 4H Snapshot.jpg Size: 232 KB
Quoting karmostaji
Ofcourse, we are all here to learn and become better traders.

Best of luck mate

Thanks mate - also well done for creating this thread. I had often wondered why there wasnt a decent thread for this pair... Then i found this, you'll prob hear alot more from me on here over the coming months...
  • Post #85
  • Quote
  • Edited 8:47am Aug 15, 2012 7:58am | Edited 8:47am
Well I don't know about you guys but I see double tops on 1H and 4H, and 4H is turning into a hammer + everything at overbought levels. I don't see anything bullish here.

Edit: Well its going down. Not sure about the close but enjoy your longs.
A 1 pip gain is better than a 1 pip loss.
Im not long at G/J but at U/J and it was a drop due to bad data from USA - but market seems not to care about them, and took the price almost all the way back. It seems that new buyers have come, and the old ones showned their strenght, so yeah, im still enyoing my long :>
Hello guys, I was in the mountains today, I see you had a nice discussion day. Looking at the Daily chart it looks bullish to me, so I'll maintain my long positions. 124.7 as the end of the week target seems very probable to me.
As per my analysis, the first TP was hit, and now we are about to hit 2nd TP and watch how it reacts to the trendline, I hope everyone is enjoying the green pips

http://img38.imageshack.us/img38/5664/55140525.gif
Trade what you see, not what you think.
a reversal of sorts will come next week or so based on daily, i can be wrong, on one hour, just keep collecting , lol
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 22 KB
guys SELL 124.18 SL:124.34 take profit : 123.52
Quoting snmaasster
guys SELL 124.18 SL:124.34 take profit : 123.52
Reason?

We'll have Retail Sales in 45 minutes. Are you saying you have info that retail sails will be red numbers? With Olympics in place the sales dropped?
Quoting IndigoPingvi
Reason?

We'll have Retail Sales in 45 minutes. Are you saying you have info that retail sails will be red numbers? With Olympics in place the sales dropped?

as u will see if u opened the 4hrs , 1hrs , 30mn , 15mn timeframe we were achieved the bull+ much times and we hit 500 EMA and that's should been no more buys lots for gbp , it's jpy lots time
124.48 tp on that one, i can be wrong !!! lol
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 23 KB
I would still say mid term target (next week or week after?) is 126.7 area. Not sure. If it crosses 124.5, then 125.6...
Quoting karmostaji
...and watch how it reacts to the trendline, I hope everyone is enjoying the green pips
Are you satisfied with the Price Action at the Trendline?
Quoting IndigoPingvi
I would still say mid term target (next week or week after?) is 126.7 area. Not sure. If it crosses 124.5, then 125.6...
iff a spike happens then , else .......

i will love 2 c 125.6 though
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 18 KB
Quoting IndigoPingvi
Are you satisfied with the Price Action at the Trendline?
It's dancing around it lol, looks like it's going to break it, we have some US data in 3hrs, but yeah the pair is in bullish mode until further notice
Trade what you see, not what you think.
2 different harmonic patterns formed on 4h and 1h... time for selling... TP 122.760
Thanks for great posts especially consistency of Karmostaji.
New to forex and like GBP/JPY plenty of action and medium term up trend.
Quoting Jonitfr
2 different harmonic patterns formed on 4h and 1h... time for selling... TP 122.760
I see three on 4hr
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 150 KB
Don't follow me! You can and most likely will LOSE all your money!!!!
1 trader viewing now