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GBP/JPY

  • #2,241
  • May 26, 2020 1:53am May 26, 2020 1:53am
Quoting reggiecjh
{image} {image} What I see. Dont get me wrong I'm a GBPJPY bear but sellers look exhausted at 131-130. Both don't look too good for us right now. Back to hibernation for me! (But before I do, let me buy some at 131-130.8 handle right now. Target is 61.8 or 50.0 fibo) Hehe
Hi all, we're almost there to first TP.

TP1 Fibo 61.8 132.50-132.60
TP2 Fibo 50.0 134.9-135
Never let success get to your head because the market will punish you
  • #2,242
  • May 26, 2020 2:30am May 26, 2020 2:30am
I see bullish movement now

I just bought GU at 1.2258 SL 1.2160 TP between 1.2450 to 1.2660

GJ is going up also but I only see a target of 134.10 at the moment not sure if it can go more than 134 area
  • #2,243
  • May 26, 2020 3:55am May 26, 2020 3:55am
A good Daily close above 132 will give more fuel to longs.
  • #2,244
  • May 26, 2020 4:09am May 26, 2020 4:09am
Quoting abhilash
132.70 should be next. Confluence area . {image}
Booked some profits here and rest locked.

Will add more longs once the daily closes and on pullback.
  • #2,245
  • May 26, 2020 2:47pm May 26, 2020 2:47pm
Quoting msniper
I see bullish movement now I just bought GU at 1.2258 SL 1.2160 TP between 1.2450 to 1.2660 GJ is going up also but I only see a target of 134.10 at the moment not sure if it can go more than 134 area
Are you convinced with the daily bullish candle? I'm having doubts and I see a H&S pattern..
Trade what you see, not what you think.
  • #2,246
  • May 26, 2020 4:06pm May 26, 2020 4:06pm
Quoting karmostaji
{quote} Are you convinced with the daily bullish candle? I'm having doubts and I see a H&S pattern..
Nevermind, after the daily close now, I expect a retracement into 132 area and then bullish continuation.
Trade what you see, not what you think.
  • #2,247
  • May 26, 2020 4:35pm May 26, 2020 4:35pm
Quoting karmostaji
{quote} Nevermind, after the daily close now, I expect a retracement into 132 area and then bullish continuation.
I cannot read GJ very well at this moment

I know that GJ is targeting around 134.10 but whats after that ?

and I know GU targeting 1.2450 to 1.2680 in this range the top will happen and big drop will come followed

GU my personal target is 1.2550 but I might exit before depend how the situation

so if GU is going up 1.2550 that's mean 200pips up so can from current price GJ can push to 134.60 I guess !?

the whole point is we are in corrective wave and we need to be careful I guess
  • #2,248
  • May 27, 2020 12:57am May 27, 2020 12:57am
Quoting msniper
{quote} I cannot read GJ very well at this moment I know that GJ is targeting around 134.10 but whats after that ? and I know GU targeting 1.2450 to 1.2680 in this range the top will happen and big drop will come followed GU my personal target is 1.2550 but I might exit before depend how the situation so if GU is going up 1.2550 that's mean 200pips up so can from current price GJ can push to 134.60 I guess !? the whole point is we are in corrective wave and we need to be careful I guess
Support area @ 132.00 area, if it holds then I expect bullish continuation and my TP area 133.75 and then 135.75 atleast, we have crossed daily gann and closed above daily gann hilo as well.
Trade what you see, not what you think.
  • #2,249
  • May 27, 2020 1:26am May 27, 2020 1:26am
my expectation for GU

I doubt that we will make BLACK arrow scenario

I suggest we do BLUE one small top then we make correction then again long until 1.2550 area and from there start to build short

the same analysis apply for GJ

we have bullish pattern and if GJ go down to 131.60 to 132.05 its a buy area
Attached Image (click to enlarge)
Click to Enlarge Name: gu bm.jpg Size: 271 KB
  • #2,250
  • May 27, 2020 9:04am May 27, 2020 9:04am
GJ just touched the neckline for the head and shoulder I think its a buy area and we going up
  • #2,251
  • May 27, 2020 9:35am May 27, 2020 9:35am
Watch 131.60/70 area for the bounce. Confluence zone.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 71 KB
  • #2,252
  • May 27, 2020 9:50am May 27, 2020 9:50am
Bought @ 131.73.

SL 130.60. TP open.
  • #2,253
  • May 27, 2020 10:57am May 27, 2020 10:57am
Happy in my short.
  • #2,254
  • May 27, 2020 11:45am May 27, 2020 11:45am
Quoting abhilash
Bought @ 131.73. SL 130.60. TP open.
I have a similar position now.

We have HH and LH on the 4H and retested the broken TL, expecting price to go higher..
Trade what you see, not what you think.
  • #2,255
  • May 27, 2020 7:45pm May 27, 2020 7:45pm
V clean rising wedge back to 132.5-6 (fibo 61.8) on H4
Never let success get to your head because the market will punish you
  • #2,256
  • May 27, 2020 7:49pm May 27, 2020 7:49pm
Quoting abhilash
Bought @ 131.73. SL 130.60. TP open.
Closed for +50 .
Not liking the PA.
Month end. No more position for me now.
  • #2,257
  • May 27, 2020 9:11pm May 27, 2020 9:11pm
Hey guys it's time to start loading up big long positions. I wouldn't be surprised to see it hit 134 today.
Happy Trading
  • #2,258
  • May 27, 2020 10:37pm May 27, 2020 10:37pm
Couldn't control my itchy finger.

Sold GJ @132.30 . TP open.
  • #2,259
  • May 27, 2020 11:56pm May 27, 2020 11:56pm
I am taking

short 132.10
sl 132.44
live your life heartfully..
  • #2,260
  • May 28, 2020 12:41am May 28, 2020 12:41am
All of you shorters are nuts, how can you not tell that this is a long from this point onwards?. Next month we could be seeing 144.....
Happy Trading
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