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GBP/JPY

  • #2,781
  • Jul 6, 2020 1:38am Jul 6, 2020 1:38am
buying at 134.56 will TP at the top of the daly range....40+ pips
Its all just one persons opinion
  • #2,782
  • Jul 6, 2020 2:30am Jul 6, 2020 2:30am
Quoting axecap
buying at 134.56 will TP at the top of the daly range....40+ pips
added a bit more at 134.36
Its all just one persons opinion
  • #2,783
  • Jul 6, 2020 2:32am Jul 6, 2020 2:32am
shorted GN TP 1.9000
Its all just one persons opinion
  • #2,784
  • Jul 6, 2020 2:39am Jul 6, 2020 2:39am
Quoting axecap
shorted GN TP 1.9000
Why?
  • #2,785
  • Jul 6, 2020 2:50am Jul 6, 2020 2:50am
Quoting Pumi
{quote} Why?
trend is down up to H4...looks like risk is on...price action looks good to me . its below the ma 200 and ma 75 RSI is under 50% and the ADR has 69 pips to go and i only need 30
Its all just one persons opinion
  • #2,786
  • Jul 6, 2020 3:36am Jul 6, 2020 3:36am
Quoting axecap
shorted GN TP 1.9000
added 1.9074
Its all just one persons opinion
  • #2,787
  • Jul 6, 2020 5:07am Jul 6, 2020 5:07am
Next target 135.29x

Trade Safe.

Cheers
WARNING: This post warps space and time in its vicinity.
  • #2,788
  • Jul 6, 2020 5:30am Jul 6, 2020 5:30am
Quoting WizardTrade
Next target 135.29x Trade Safe. Cheers
It won't go up now. Need to see 2 area 133.8 n 133.3 down or bounce.
  • #2,789
  • Jul 6, 2020 5:39am Jul 6, 2020 5:39am
Quoting Ksth
{quote} It won't go up now. Need to see 2 area 133.8 n 133.3 down or bounce.
I am watching PA will trigger long shortly.
WARNING: This post warps space and time in its vicinity.
  • #2,790
  • Jul 6, 2020 5:56am Jul 6, 2020 5:56am
Quoting WizardTrade
{quote} I am watching PA will trigger long shortly.
I don't think it will break 134.7 most probably we can see a new low.
  • #2,791
  • Jul 6, 2020 7:03am Jul 6, 2020 7:03am
Price has failed to break above 134.70 area, as long as it stays below it then it shall drop back down to 133.70 and most probably even lower.

If price drops below 133.70 then the higher TF's (4h / Daily) will look very bearish to me.
Trade what you see, not what you think.
  • #2,792
  • Jul 6, 2020 7:12am Jul 6, 2020 7:12am
Quoting karmostaji
Price has failed to break above 134.70 area, as long as it stays below it then it shall drop back down to 133.70 and most probably even lower. If price drops below 133.70 then the higher TF's (4h / Daily) will look very bearish to me.
To me the head and shoulder pattern is in the making on daily chart. The ascending neckline is there starting from low of 18th of May to the low of 29th june. If it fails

to break down it has yet to make the right shoulder for now. an that may be coming at 135.2xx and then near 136.0xx.

Trade Safe.

Cheers
WARNING: This post warps space and time in its vicinity.
  • #2,793
  • Jul 6, 2020 7:26am Jul 6, 2020 7:26am
Quoting karmostaji
Price has failed to break above 134.70 area, as long as it stays below it then it shall drop back down to 133.70 and most probably even lower. If price drops below 133.70 then the higher TF's (4h / Daily) will look very bearish to me.
i am long based on 5min chart there is head and shoulder pattern with target 134.75 and tiny SL at 134.30

i didnt set a target yet as if we break 134.70 area strongly we might see GJ above 136 !

breaking above 136.70 will open the doors for 139 and 144 !

so i think both bull and bear should watch it carefully as we area in very critical area

watch GU if we break above 1.2537 then we area heading to 1.2700 which will take GJ up 200 pips
  • #2,794
  • Jul 6, 2020 7:30am Jul 6, 2020 7:30am
Quoting karmostaji
Price has failed to break above 134.70 area, as long as it stays below it then it shall drop back down to 133.70 and most probably even lower. If price drops below 133.70 then the higher TF's (4h / Daily) will look very bearish to me.
Agree on this. Same thinking.
  • #2,795
  • Jul 6, 2020 8:40am Jul 6, 2020 8:40am
IMHO I don't think the pair will fall as long as equities are up. For as long as the indexes are printing new highs the beast should go side ways and up...side ways and up.
  • #2,796
  • Jul 6, 2020 8:57am Jul 6, 2020 8:57am
I did some calculations for this GJ should be around 130.360 until end of the week. Let see how it goes. It may be wrong.
  • #2,797
  • Jul 6, 2020 9:34am Jul 6, 2020 9:34am
Quoting micronasdaq
IMHO I don't think the pair will fall as long as equities are up. For as long as the indexes are printing new highs the beast should go side ways and up...side ways and up.
This stagnation is a temporary one in my opinion as well. I am still watching the price action. Triggered one long and closed at BE. I will take a better position from

lower prices. Till then I am out

Cheers
TW
WARNING: This post warps space and time in its vicinity.
  • #2,798
  • Jul 6, 2020 9:37am Jul 6, 2020 9:37am
my SL got hit at 134.30

now i see GJ bearish and it should drop a 100pips or more before going up again
  • #2,799
  • Jul 6, 2020 9:51am Jul 6, 2020 9:51am
Here is my view on this one. Trade Safe.

TW
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WARNING: This post warps space and time in its vicinity.
  • #2,800
  • Jul 6, 2020 6:01pm Jul 6, 2020 6:01pm
GU showing bullish moves now so we should careful as GJ might also follow up
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