GBP/JPY

Quoting Erebus

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{quote} Down 229 pips and holding? Mate, you are the very reason that Retail Sentiment exists, they built a whole trading strategy based on your actions.

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Quoting Luxyus

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{quote} i m following very closely this pair and i was about to place some long positions, my system triggered a nice signal on daily but considering actual fundamentals conditions i m going to wait a better signal on weekly and planning to eventually enter before BOJ IR decision. I m for a no hike scenario.

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Quoting Present

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{quote} Absolutely! I am a counter-intelligence trader Still. No losses in 2025. I still think I'll win this one too. But the nice thing about having trades open for weeks is I take other wins on other pairs so the account still grows while I'm waiting for this one to either get into profit or have to be closed out. It's only a mini-lot trade so there isn't any stress. I'm all about the stress-free.

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Quoting Erebus

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{quote} Stress free, wins on other pairs, trades open for weeks, mini lot positions: I'm sure you are following The Market Structure Trader That is just how he operates with some RSI and ADR thrown in the mix. Another 250 pips down day, so good luck, I'm still waiting for the reversal and buy signal before I touch it. Have a nice weekend

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Quoting Erebus

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{quote} Down 229 pips and holding? Mate, you are the very reason that Retail Sentiment exists, they built a whole trading strategy based on your actions.

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Quoting Present

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{quote} That sounds very prudent. There's still a long way it could drop to get to the previous low on the Weekly chart. A glimmer of hope is that price is now at the bottom of my regression channel on the weekly. I could be only 2-3 weeks away from profit! {image}

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Quoting Luxyus

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{quote} {image} Nobody better than you knows your system but after the magnitude of the sell off - marked by the square and the peak of volumes- the regression channel has been breached 3 times.Even your multiTF indacator is saying that the sell is active till weekly. Tbh i don t rely in hope and yes, i m very patient and i ll wait a more favourable prices and fundamentals conditions. GL

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Quoting Present

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{quote} Lots of room for continued downward action. .

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Quoting Luxyus

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{quote} my plan on GBPJPY is to start longs @189,50 and i ll add till 185,90. for now nothing to do here

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Quoting Present

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I think we are at that level of indecision. Waiting for a break below trend on Weekly. {image} Algo could take over soon and push it up too.

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Quoting Erebus

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{quote} Even with 3 oscillators, there is indecision? Last day of the week, all JPY have SELL indication with lower Close, let's blow those accounts..... UP, that is, blow them up with pips! {image}

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Quoting giveachance

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{quote} dont long this might get dragged to 182 sub. uj so far has only fallen 300 pips. there is lot more downside otherwise they will feel the trump angst if they keep on depreciating currency

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Quoting Luxyus

Disliked

{quote} i m following very closely this pair and i was about to place some long positions, my system triggered a nice signal on daily but considering actual fundamentals conditions i m going to wait a better signal on weekly and planning to eventually enter before BOJ IR decision. I m for a no hike scenario.

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Quoting Present

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D1 looks like there is still some room for downward movement. {image} Personally, I still believe its so late in the Shorting trend to enter shorts, unless the trade is based on feelings or economic news. If it does reach the bottom of the regression channel, then we will at least have a signal forming in the next week or so, so we can be at the beginning of the Long ride up.

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