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GBP/JPY

Quoting SGFxTrader9
If the wedge is not broken, I do not rule out the possibility of a move above 136. In fact, i think we can see this pair touching 137.4 (highest) before another leg lower. What do you think? Stay healthy and safe and have a great weekend ahead. {image}
I think you are right. Hopefully it stays with the plan...
Breakout Failure. Potential sell to 134.61 which is the previous swing low and also the confluence zone
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Looking for confirmation to BUY hence we are at a highly a confluence level. Nevertheless bears can takeover anytime showing a fake rejection from the level. I would take extra precaution if i am executing any trade at this point.

What happen to this thread. It's so dead. ideas would be nice. Thread owner. Do something will ya..
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Quoting axecap
When the daily 100 sma breaks, convincingly, my plan will be short to 128. {image}

short to 130.00
GJ had been so generous today !

Note :FTSE 100 Hit Hard as Fears of a New COVID-19 Lockdown Grow
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bounce off ADR now retrace to 134.58...then down again,....if it reaches that high
its all just one persons opinion....
Quoting axecap
bounce off ADR now retrace to 134.58...then down again,....if it reaches that high
At least 134.37... may hit the Gann and falter..
Quoting auzzieal
{quote} At least 134.37... may hit the Gann and falter..
Agreed. .might kiss 138.530 which is also the previous swing low.
Quoting MTF Test
{quote} Agreed. .might kiss 138.530 which is also the previous swing low.
Just a question... did you mean 128 and not 138 for the next swing low?>
Quoting auzzieal
{quote} At least 134.37... may hit the Gann and falter..
Do you think that we will reach it today?
Quoting LadyAmira
{quote} Do you think that we will reach it today?
Looking at the move down previously, where it came right back up again, I think it is only a little retrace to build up a little motion. But???then again. But my charts, at the moment, all are bearish, so I have to say we are going down...

But just as I say that... my look is that at the moment, it is gong slightly sideways... so I hang on to the railing, and see where we go from here.
Quoting auzzieal
{quote} Just a question... did you mean 128 and not 138 for the next swing low?>
My bad. it should be corrected as 134. 50-60 which has spiked already
Quoting auzzieal
{quote} At least 134.37... may hit the Gann and falter..
nice. back down now. TP 130ish in bite size chunks
its all just one persons opinion....
i will be interested to buy GJ between 131 to 132.30

SL 129.90

TP at least 400pips
I also thing it is where it will turn around...132 and maybe 131ish, then north for a while. The flatness makes it a little wobble to get something though.
not much activity in this thread even though this is such a good pair to trade
KEK
i see gj as long we above 133 we will go to 135 area as a correction move and will be good to sell there
I think we are now forming bottom... As long 133.25 holds...
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Quoting msniper
i see gj as long we above 133 we will go to 135 area as a correction move and will be good to sell there
I'm expecting price to find some resistance in this area of 136.00 and then turn back down... but with GJ got to be careful lol
Quoting karmostaji
{quote} I'm expecting price to find some resistance in this area of 136.00 and then turn back down... but with GJ got to be careful lol

i am away from the market 1 week now i dont like what i see.

i want to short GJ and GU but am gonna be greedy hoping 1.30 on GU and 137.x on GJ maybe
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