Daily GBP/JPY analysis

What time will the hike decision be made during Eastern Standard Time (US)?


Thanks,

Frank

7 AM EDT

Look at the calendar tab here in FF, adjust your time and the calendars will be sync'd to your time zone

gj on some kind of move.

too bad i'm not buying it.

No clear or even false breakout yet, this triangle has descending upper trendline but flat lower trendline. It's clearly seen in m30 now.

i am long from 234.16 TP: 235, SL:233.5

good luck guys who has long , if the same situation will be for the next 2 hrs i'm going short on this one

Thanks Choopyaz!

I've got to get up early tomorrow.


Frank

GJ in my area of going short (100 SMA +125 level), any suggestion not go short?

my microwave broke. you know any ways to pop the kernals without it?

i personally wouldn't open a long or a short right now, off the daily it looks to me like GJ is stuck between two strong levels between 233.50 and 235.35. im gonna wait and see how it reacts to one of those levels eventually. thats my read...

well on my indicators its clear short plus the same thing with GBPCHF but as a safety I always wait for the next candle to open, so i will stay up untill 1 am

So, Im am sitting here, a twenty four year old trader who has spent the last two months surviving the volatility of the gbp/jpy and the previous ten months of my first year trying to figure out the gbp/usd. I started with a mini account and still use one and mostly this year has been just a struggle to understand technical analysis and incorporate fundamental situations. You know, trying to grasp the big picture and work my way down.

So all in all I haven't made much money, but i haven't lost my original 500 dollar investment either. Mostly I'm going to vent. I'm not a guy who has enough money to move the market even a pip for half a second, everything I do is coat tailing on the backs of others. And thats fine, thats whats fun about being such a little a guy in all of this, its the learning whats a wise a decision.
So does anyone else share my absolute frustration with the last two and half days? The Gpy/yen making 15 pip jumps and spikes every few seconds? I understand that we are at an apex moment here. The price could go up, its been in a real steady uptrend and its at a major resistance so it could go down. Just wishing that right now, the big boys , the banks, would take it easy for a few. Relax, kick back, grab a redstripe from the fridge, call your sick grammy up and say " hey whats going on sick grammy". It would be nice if they would do anything, but trade right now. Because this, is absolutely silly.

If anyones looking for a smooth marked at the moment, comparatively smooth. I suggest taking a peek back at the GBP/USD, I am. At least until these guys figure what they want to do.

cheers
and good trading
Scott.

Pan fry those kernels in your lightest pot with roughly 2 to 3 tbsp of oil with the lid on stirring frequently. I've done it with an aluminum pot and it turned out fine. Melt butter in a small sauce pan, pour the popcorn in to a large bowl and toss while lightly drizzling the butter and salting. If you plan on using the kernels from the micro bag you still may want to use a little oil. If you like garlic try throwing that in the butter and garnish with parmesan cheese for a mouth watering sensation; or not. Hope that helps, please don't hold me accountable if you catch anything on fire.

i like forums. it's fun.

this. i call good help.

appreciate it. thanks.

I forgot medium heat, medium heat. try just a few kernels to see if it will work 1st, you dont want to burn them all and set off the smoke alarm.

Now you make me hungry. Stomach business is unavoidable.

Btw, if this Godzilla breaks upwards, it might target 237. If it falsely breaks downwards, it might hit ~233.60 then reversing to same upwards target. Just my opinion.

Cash is a position

ok this pair decided to go back to neutral, i'm goint to sleep see u all tomorrow Zzzzzzzzzz

Hey gang, some points of concern maybe?