Geppy's Geppy Thread (GBP/JPY)

I think you nailed it buddy!! That's exactly what I've been thinking too.

Now we just hold our breathe and pray

hey bud you got it.......fingers crossed

I came across an interesting article that september and december are strong months for the great british pound here is the link if you google forex goodies it also confirms bullishness for the GBP


Http://www.fxtsp.com/trading-strateg...-patterns.html

seasonalities dont always work so take it for what it is but its something to think about...

warmest regards

Ahhhh..back from Colorado.....10 days 4x4'n ....saw 4 moose and a 3x3 elk the last day....cool fun....my daughter in law has a problem with me....he he..she will renew her mind soon, I pray.....She's a wonderful mum to those two boys....5 and 7......that cute 7 year old BARE HANDED....grabbed a chipmunk after catching it under a string and box trap....he said he just grabbed it "by the neck" ...they bite , ya know....at 7.!!

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My August 23 cycle low looks good

Short-term I'm long, expecting a break above 153 next 24 hours

Filled our socks....13% , just that fast...he he on that devastating 7pm in New York move.
...
13% plus a little bit...hey, it counts...5 days a week now, instead of three days

I think bulls will pick up some steam soon.

But like ninner said, will probably be a slow and steady grind.

Not to mention, JPY Trade Balance came out 3 hours ago and it was bad news for Japan. 210 Billion yen worse than expected!

I am not that confident in my "micro-fundamental-analysis," but the way I see it, a bad JPY trade balance means more room for the yen to weaken/depreciate against other currencies, including GBP, and therefore I am viewing this data point as more confirmation towards my bullish thesis.

Perhaps the Europe open will give us the push we need from here... things usually tend to pick up around that time.

we will know more when London opens up and the real action starts but patience is the key ..we have 2 inside daily bars now which is posiitve if they move it higher..being peak C on the daily, weekly and monthly....i would be suprised if it failed here and didnt do a leg D Plus on the daily and weekly its an overlapping wave...which usually means there is a strong wave D...there may also be a cycle low with positive momentum...things are aligning for a big move i believe..we will see soon enough...we all know its a probability game...

looks like some accumulation going on here at the 152.50 level in my opinion... if and when it breaks, it could be a fast push to 154... at least potentially, ha!

maybe, maybe not... we shall see. either way, i'm still bullish.

heck yes!!! i just more than doubled my options account on this move! and i traded it like crap too, LOL (sold too early)

but it's still a good feeling for a change!

Parabolic straight to 154 would be nice

Hey dudes

Very small long trade in play referring off the daily chart.

156.36 has been tough to break so again could retrace from here if it gets back to that level. If it pops through then I have my second TP at 161.1.

Failed to break 153.65 + trend line will sell it from 153 or 153.20. Target 151.50 if lower 149 again. We"ll see. USD/JPY also failed at @98.

Daily looks bearish to me

we wont know until about 9 pm pst..tomorrow imo.... id like to add that its stuck in a range...pretty obvious...alot of currencies are like that....probably will be like this until after the first week of september when the big fish come back.

warmest regards

Trouble in paradise....bonds are all in a twitch...10 year going for 3%.....fastly like.....U. S. D. bullish, everyone will buy that yield

The buy is on.....look out for a reverse in that at some point....divergence in the 5M backed up by the hourly....OR a spike....fade that. Here's where it helps to be watching the charts....and don't rule out an intervention at 11:35pm or so New York time because of the bond market.

still more room to down side

Nikkei will support the down move for jpy pairs