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GBP/JPY

Quoting axecap
shorting here at 139.18 , resistance on H1 200sma
closed
its all just one persons opinion....
Looking forward for the break up. Lets see.
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the daily close is bullish honestly

i think i might wait for retracement and buy

below 138.60 back to bearish again
Quoting msniper
the daily close is bullish honestly i think i might wait for retracement and buy below 138.60 back to bearish again
Looks like it’s about to break that 140 area
Trade what you see, not what you think.
careful it may be a trap
Quoting abhilash
Entered long @ 138.60. SL 138.20.

SL moved to 139.50. TP open. Will close if the momentum changes. Still expecting a bigger move towards 144.

Keep it simple, trend is up, buy the dips. Take few patience pills. Mint money.
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Quoting karmostaji
{quote} Looks like it’s about to break that 140 area
i think we just finished wave 1 of wave 3

so what i want to see a drop in wave 2 of 3 to 139.20 or 139 and i will go long

buying the 139.20 will be mean wave 3 of 3 and we all know wave 3 of 3 always the strongest

so lets hope my plan works
Quoting msniper
{quote} i think we just finished wave 1 of wave 3 so what i want to see a drop in wave 2 of 3 to 139.20 or 139 and i will go long buying the 139.20 will be mean wave 3 of 3 and we all know wave 3 of 3 always the strongest so lets hope my plan works

Not sure about waves - what time-frame you looking at?

But agree this looks like it wants to go higher, though potentially we are in a topping pattern too. Price action is a little mixed in my eyes.

Needs to break 140 conclusively before talk of next leg up. My preference is buying any pullbacks though.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
it seems rejected from support 140.218(weekly R fibo 78). now to 138.88.. stay green(the only opinion not signal)discuss, please
That was a sweet little move.
Quoting abhilash
Entered long @ 138.60. SL 138.20.
Quoting abhilash
{quote} SL moved to 139.50. TP open. Will close if the momentum changes. Still expecting a bigger move towards 144. Keep it simple, trend is up, buy the dips. Take few patience pills. Mint money. {image} {image}


Currently up 290 pips from my initial buy.

SL moved to 140.50. Will TP at 144.50.
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Quoting abhilash
{quote} {quote} Currently up 290 pips from my initial buy. SL moved to 140.50. Will TP at 144.50. {image}
Mate... did you get out? Hope you are not still in this profit taking move!!!
what's the effect of coming GBP news on pound today?
Any opinion on a trend reversal? Are you still waiting for 144.5? Isn't it time for a decline after two months? According to D1, it looks like a decline ... And according to the peak, too ...
Quoting bob-dreamer
Any opinion on a trend reversal? Are you still waiting for 144.5? Isn't it time for a decline after two months? According to D1, it looks like a decline ... And according to the peak, too ...
I do agree with u especially 140.20 broken .. I am worried for volatility with coming news if things going technically the down way is open at least to weekly pivot, stay green
Quoting forexer11
what's the effect of coming GBP news on pound today?
What news about Pound?

The Japanese Prime Minister has resigned and JPY has been strengthening since the morning at USDJPY ...
Quoting bob-dreamer
{quote} What news about Pound? The Japanese Prime Minister has resigned and JPY has been strengthening since the morning at USDJPY ...
9:05pmGBP
BOE Gov Bailey Speaks
Quoting auzzieal
{quote} Mate... did you get out? Hope you are not still in this profit taking move!!!

Was out the whole day, just got home. Trailing Stop was hit.

Nonetheless 190 pips is not bad.

The trend is still up. Just took a fresh long @ 140.15. SL 139.90
Quoting abhilash
{quote} Was out the whole day, just got home. Trailing Stop was hit. Nonetheless 190 pips is not bad. The trend is still up. Just took a fresh long @ 140.15. SL 139.90

SL moved to 141 . TP open.

HH and HL continues.
i dont believe in big moves before thursday or friday

so this rise to 142 i think its fake and GJ should start retracing down
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