Daily GBP/JPY analysis

i don't think those numbers come out until 4 est

I follow the fibos. it reversed when it hit 233.14

It is drifitng between 61.8 & 78.6 fibo. Should ned a good force to move it to either of these.. will the news events be able to do that!!!

And nothing happenned after the news...the market is rock still as if it is not news

hi, Im long now just of not believing it going down any more "in a huge step" so Im waiting. perhaps it would just be better to wait till tonights news but...

happy pipping see you later

I tend to agree.

The market did not react when there is a reason.. will it react when there is no reason? I will enter when I get a suitable signal. now it is calm

So where does this pair go now, not quite 230 but a big bounce from the news

It goes down cause am heavily short since last night, same way as I was short in Monday morning

Those pairs have broken important resistances and the sheer intensity of Monday selling was signalling that this was not going to be a one-day thing

hope will it cross the all important 228.10

Where do you think it will find support?

well, we have already seen a heavy bounce up from major 50% on daily chart

My 0.01GBP

Around 228.60-70

depends on the timeframe

210?

Hey logical1

why there? I cannot make out any R/S/fib at that level

always happy to learn

thx!

we got carry trade unwinding, end of financial year approaching in Japan (fund repatriation) = lots and lots of yen buying.

PLus you got the dollar strenghtening against Eur (to 1.2800?) and GBP.

Both bad for the EUR/Yen and GBP/Yen. I don't think they will stop falling any time soon..

See post #695
Todays results +268

Ok, so folks, have we stopped going down, yet ? 230.00
Please someone answer me.........................

OK trader 8686 I'll stick my neck out.
Look at a daily chart and you'll see the top of the last candle (todays) at 233.49 and the bottom at 229.43. Now on your daily chart draw a trend line on the bottom (it's still an uptrend) and you'll notice that the two trend lines hit the top of todays candle and the bottom of todays candle. The question where are we going can only be answered when we know on which side of the trend line a candle closes on or a couple of candles. Whereas we could be quite certain about the low we saw at 229.43 right now we can only react to what we see happening. Don't try to predict this one just watch, wait, and then react. Keep drawing trend lines and put up some ema's, the market loves to return to these before going up or down again. Keep thinking, keep asking question, and keep trading.

With all due respect- please find something else to occupy your small brain.