Daily GBP/JPY analysis

who caught that 100 pip move or so about half hour ago?

the tokyo open does that......see the 5 or ten minute chart....

I am now looking for a daily close below 146.74 because of the double high scenario (with divergence) at 162. I would expect a target of 1,000 to 1,500 pips at least.

Here is some fundamental news: Japan's exports exceeded its imports for a seventh straight month in August.

This is only my own opinion: This is good for yen currency as long as Western banks are filled with slush funds to "stimulate" the economy and interest rates stay low.

i did the elliott wave thing short of the 166 majo wave ( lately, the swing reversal happens 250 pips short of the price level.)

Awesome call, man

gpb/jpy up 149

Chart 1H - Preferably, I'm looking forward for any bullish retracement trend refering to the alt subwave count in aqua before expecting for another bearish continuation trend to complete subwave v (aqua) in either wave 3 in white or wave 5 in yellow. A pullback from the pivot and a breakout to the bearish continuation critical line 3 later would bolster toward this scenario. Otherwise, please be careful for any strong bullish retracement trend to perform major wave 2 in magenta.

Chart Daily - I believed market in progress to complete major wave 5 either in yellow, white or magenta. Therefore, advisable to look for any opportunity towards a bearish continuation entry signal from BSTS later. But, please be careful for any strong bullish retracement trend in magenta (any breakout towards the aqua critical line) or a trucated major wave 5 scenario in yellow. Good luck and "selamat hari raya aidilfitri, maaf zahir batin".

I exited my 3 shorts in the past few hours, here is the result. Geppy finally commited to end the down move...IMHO

I have entered 2 longs, looking for retracement up back to 76.4 FIB (back up to around 155.50)...keeping an eye on the longs, as this may be a trap...but we will see.

PAPION

At this moment, I believed market in bullish retracement trend to complete subwave iv either in white or aqua before expecting for another bearish continuation trend to complete subwave v either in wave 3 (white) or wave 5 (yellow). Therefore, advisable to look for any good opportunity for bearish continuation entry signal from BSTS later. Please look for any pullback scenario either from the R3 critical line or Fib 50% critical line later. Good luck.

At this moment, I believed market will perform another bearish continuation trend to complete subwave v either in aqua (truncated) or white. A breakout towards the lower red trendline would bolster to this scenario. Otherwise, please be careful for any further breakout to the major green upper trendline. Good luck.

Favourably, I'm looking forward for a further bearish continuation trend to complete subwave v in white or subwave 5 in yellow. A breakout toward the bearish continuation critical line 3 would bolster to this scenario. Otherwise, please be careful for any possibility towards a truncated scenario (aqua) or any strong bullish retracement trend refering to the alt count in magenta. Please be noted also there will be a NFP news tonite (8.30pm GMT +8). Also please be careful for any probability towards any gap later next monday. Good luck and happy weekends.

At this moment, favourably I'm looking forward for any possibility towards a bearish continuation trend refering to either the alt count in white or yellow. Otherwise, please be careful for any breakout towards the white critical line and major upper green trendline (magenta). Good luck.

At this moment, unless the lower red trendline is taken then I believed we may see another bullish retracement trend to complete subwave e in iv (yellow) before expecting for another bearish continuation trend scenario. Therefore, please be careful for any bounce scenario from the lower red trendline. Otherwise, a breakout towards the bearish continuation critical line 1 would indicate that market maybe already in progress to perform subwave 3 in white. Good luck.

This pair has more drama then a season of the soap opera "Santa Barbara"

I think what we are seeing is GBP/JPY's version of consolidation, a 300+ pip range. It could go flying out, on the other hand it might not. There seems to be still some correlation between equities and XXX.JPY and I don't fully understand why, since there is no interest rate differential now, to speak of, and so the carry trade no longer exists as it did.

If we get a bounce I doubt it will substantially break through 148 - 150. I'm still short from 150 although I closed most of my shorts at 142 ish, looking to sell again on the right set up.

At this moment, I'm waiting either a breakout or bounce scenario from the bearish continuation critical line 1 to determine either we may see a bearish continuation trend scenario to perform subwave 3 in white or another bullish retracement trend scenario to complete the unfinish subwave e in iv (yellow). Otherwise, a breakout towards the major upper green trendline may indicate that market in progress to perform wave 2 in magenta. Good luck.

With the price consolidating above 141 for several hours and then breaking cleanly through this morning, it's going to take another stab at last week's low, 140. It's now firmly stuck under strong resistance at 141.

If 140 breaks, with a daily close below 140, maybe a bit of support at 137, we are looking into 120's.

It's possible that Japan will intervene, but not likely because (a) that will be effectively trying to prop up the dollar, a massive task at the moment and (b) Hirohisa Fujii, Japan's new finance minister, states that the Yen is 7% down in real value terms (trade weighted) this year to 30th September. (c) Japan has no room to cut interest rates.

Please feel free to add constructive criticism to the above which is partly fact, partly my opinion.

At the moment, I'm looking forward for a bearish continuation trend scenario refering to the alt count in yellow. A valid descending triangle pattern and a pullback from the upper yellow trendline later would bolster towards this scenario. Therefore, advisable to look for any opportunity for a bearish continuation entry signal from BSTS later. Otherwise, please monitor for any breakout either towards the upper or lower yellow trendline. Good luck.

Favourably, I believed market will perform another bearish continuation trend refering to the alt count in yellow. A pulback from the upper yellow trendline would bolster towards this scenario. Otherwise, please be careful for any bullish trap (false breakout) scenario or any further breakout towards the major upper green trendline. Good luck and happy weekends.

Market hit the 4hr high Bollinger Band, so I cashed the long. 1hr TF just whipsaws me. 4hr. seems to have some swing-trade potential, though I'm not yet a JPY aficionado.

Seems to be emerging from a BB squeeze. Perhaps I will regret exiting the long?