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Geppy's Geppy Thread (GBP/JPY)

  • #8,581
  • Sep 3, 2013 11:28pm Sep 3, 2013 11:28pm
Quoting smash1820
Boy, this thread sure gets quiet when I'm not around! rofl

nahsmash my friend....im always yapping on this thread giving my 2 cents whether im right or wrong..i love this pair ..lots of volatility win or lose lol
  • #8,582
  • Sep 4, 2013 12:02am Sep 4, 2013 12:02am
Quoting ninner
{quote} if we bust these highs ...a case can be made we go alot and i mean alot higher.....
Yes, 155.4/156.2/157.2/158 are all targets. As i said, you were just a little early. There is probably one more wave to complete.
  • #8,583
  • Sep 4, 2013 12:05am Sep 4, 2013 12:05am
Quoting Mpt
{quote} Yes, 155.4/156.2/157.2/158 are all targets. As i said, you were just a little early. There is probably one more wave to complete.
Hi, one more wave downwards to complete first? This thing is like a freight train... and nikkei has busted 14000.
  • #8,584
  • Sep 4, 2013 12:15am Sep 4, 2013 12:15am
Quoting ninner
nahsmash my friend....im always yapping on this thread giving my 2 cents whether im right or wrong..i love this pair ..lots of volatility win or lose lol
You got it my friend. That's why I love this pair too.

I think the top will probably come in around 156 or so.
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  • #8,585
  • Sep 4, 2013 12:17am Sep 4, 2013 12:17am
But me thinks there's still more steam left...

Divergence on 15/30 means we may pullback right here, but should still be enough momo to get us to 156!
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  • #8,586
  • Sep 4, 2013 12:32am Sep 4, 2013 12:32am
Quoting zllz
{quote} Hi, one more wave downwards to complete first? This thing is like a freight train... and nikkei has busted 14000.
The present move looks more corrective, so I would EXPECT a move down shortly.

But it's been hard to tell lately with so many slow and low momentum moves - but that's what you get in a correction
  • #8,587
  • Sep 4, 2013 12:36am Sep 4, 2013 12:36am
The moves on the yen pairs mostly happened on monday on low volumes.. this upmove is suspicious but so far there have been no decent pullback at all..
  • #8,588
  • Sep 4, 2013 12:43am Sep 4, 2013 12:43am
This looks like an uptrend to me, and support is holding thus far. It could break, but I still think a test of 156 is coming.
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  • #8,589
  • Sep 4, 2013 1:00am Sep 4, 2013 1:00am
Replying to you both ... It sits right now at resistance. So it either falls back from here in a correction, or, I guess, 156 might be the point at which it falls back a bit. The daily is a little overstretched
  • #8,590
  • Sep 4, 2013 1:17am Sep 4, 2013 1:17am
The buying of yen pairs is crazy...and dips are being bought up heavily. Let's see if the resistance hold
  • #8,591
  • Edited 1:59am Sep 4, 2013 1:23am | Edited 1:59am
Exactly. Aggressive dip buying is one of the key attributes to this uptrend. Sure, we may be at resistance, but we are also in a major uptrend, and it can crush through key levels at will.

I do agree that a correction is near though and have initiated my first short position.
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  • #8,592
  • Sep 4, 2013 1:26am Sep 4, 2013 1:26am
Quoting smash1820
Exactly. Aggressive dip buying is one of the key attributes to this uptrend. Sure, we may be at resistance, but we are also in a major uptrend, and it can push through key levels at will. I do agree that a correction is near though and have initiated my first short position.
hmm.. what levels do u see for correction? would it close the weekend gap?
  • #8,593
  • Sep 4, 2013 1:41am Sep 4, 2013 1:41am
Quoting zllz
hmm.. what levels do u see for correction? would it close the weekend gap?
Not a chance we close this week's gap! In this kind of strength? You'd be talking about a nearly 300 pip down move if that were to happen!

I'll probably look to buy again in the 154 area... assuming it gets that low (it may not). I still see a lot of strength on this pair and a decent-sized pullback is normal and healthy and to be expected and still will not alter this trend if it happens.

It's possible it could go lower than 154, but as of now I see a lot of support in that area so that's my guess for now. We'll have a better idea towards the end of the week.
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  • #8,594
  • Sep 4, 2013 3:54am Sep 4, 2013 3:54am
155.4 is a key resistance level for me then 156.5 being the next major one. Failing that it's back down to 153.2
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  • #8,595
  • Edited 4:25am Sep 4, 2013 4:14am | Edited 4:25am
Quoting EatPIPs
155.4 is a key resistance level for me then 156.5 being the next major one. Failing that it's back down to 153.2
Long time not posting Dude , I think we gonna see 153.2 before 156

I am short ( too early ) from 154.70 waiting for 153.20~60
  • #8,596
  • Sep 4, 2013 4:17am Sep 4, 2013 4:17am
Quoting netera
{quote} Long time not posting Dude , I think we gonna see 153.2 before 156 I am short ( too early ) from 145.70 waiting for 153.20~60
To see that we should see a similar selling off in GBPUSD? It seems to be pulling gbpjpy up
  • #8,597
  • Sep 4, 2013 4:26am Sep 4, 2013 4:26am
Quoting zllz
{quote} To see that we should see a similar selling off in GBPUSD? It seems to be pulling gbpjpy up

USDJPY , GBPUSD , GBPJPY are all at Resistance levels now

I think selling from here looks reasonable
  • #8,598
  • Sep 4, 2013 4:27am Sep 4, 2013 4:27am
Quoting netera
{quote} Long time not posting Dude , I think we gonna see 153.2 before 156 I am short ( too early ) from 154.70 waiting for 153.20~60
Hey dude

It's a busy season for me at the moment so just viewing the forums when I get a chance and staying out of the participating.
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  • #8,599
  • Sep 4, 2013 4:58am Sep 4, 2013 4:58am
So we broke 155.40 ? or not confirmed yet ?
  • #8,600
  • Sep 4, 2013 5:00am Sep 4, 2013 5:00am
Quoting netera
So we broke 155.40 ? or not confirmed yet ?
seems so... dang... shouldnt have shorted this pair.... any chance of a turn soon?
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