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Geppy's Geppy Thread (GBP/JPY)

All trades did well.
GBP/USD is forming a temporary low at the moment at 1,30 or even a bit lower - possible upleg towards 1,32-1,325
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GBP/JPY is in the strongest support zone 131.000-129.600 . In previous week after brexit launch referendum, the price made descending triangle pattern. From early day in this week till now, the price is dancing on this range. From report Commitment of traders analysis, we can see the Open Interest is decreasing week by week, and the net-large non Commercial in the extreme Bearish. The highest probability trading setups is "Long" if price break and abandon support zone. if not, the price gonna fall to 128. I think like that. Any inputs from the master in here?
thanks junn
Quoting Geppy
"Back in the day", I cut my teeth trading currencies via GBP/JPY. I love the violent, sporadic moves and the ability to make money quickly on this pair. In 2007 we had an awesome group dedicated to trading "the beast" and the conditions were marvelous for spectacular moves. However, things died down after the mortgage crisis meltdown and Geppy hasn't been the same ever since (neither of us). Now, with the craziness out of Japan and the Yen, I've been seeing new life breathing into the ol' beast. I'm ready to start dedicating a lot more time and...

im in
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which news affect this pair most ?
so we can avoid trading in that time.
Any major news especially JPY, GBP, US, EUR.
This pair usually needs bigger stop since it is more volatile in comparison to other major pairs.
GBPJPY daily chart: https://invst.ly/3j5df

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Focus
Oh damn, if there is a good time for little Kim jong un to make a move in Japan it is NOW! ! any ideas out there on how am i gonna get out of this little gippy jam?? Without making my wife a widow..lol
Do i hold on to it? Sell it? Sit and cry? Pretend it naver happened and buy an ice cream??
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Hi traders, still waiting for new daily HH
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Expecting GJ to reach 144 level which would a good level to short GJ considering the weakness of pound and the current bearish trend of all the higher time frames.
seems like my favourite pair has started trending again and it's time to focus on this beast.
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Quoting garryv
Expecting GJ to reach 144 level which would a good level to short GJ considering the weakness of pound and the current bearish trend of all the higher time frames. seems like my favourite pair has started trending again and it's time to focus on this beast. {image}
confirmation of short trade is pending, I would pull the pull the short trigger once confirmed.
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