GBP/JPY

Tough resistance area, I expect it to drop if it can't break above 152.70

http://img38.imageshack.us/img38/8034/66rc.png

short from 152.75 TP 152.40

I went short as well..peak D on the daily

hey GJ where do you go ?!
maybe !

hope down !

gbp jpy

We are witnessing an ab=cd harmonic pattern on the H4 TF. the expectation goes for the bearish case if the ground is ready and the supply excels to the demand.

I agree with you and watching this keenly.
GJ movement is somehow correlated with GU
If GU goes higher then GJ will continue higher as well.Think this way Yen is weakest currency now followed by US dollar.
So as long as GU goes higher then Don't short GJ
Regards

Hello GPY/GBP

I had a pending short 161 hit to 160.5 TP

An long pending 161.4 to 162 TP

thought we would see a bounce before it climbs again.

Since it does move a lot like the EUR/YEN

That is trading for you,to many pending orders in too many charts:nerd:

Still reckon small shorts above 161 will be taken out any sudden down moves

This baby is heading North in a major long-term up trend imho. I'm going to look to scale into a long on the monthly/weekly/daily charts only plus it's a carry, nice one me thinks!

nice move down maybe a lil bounce here before some more downside @166

Going long here, lets see if I can take some pips.

gbp jpy



The price is moving inside a bullish equivalent channel on the H4 TF. A reversal will be on sight if the Ab=cd harmonic pattern is formed and its time is fulfilled. We are expecting to have the price dropped to the lower channel line by having the supply pressure in the market.

http://pcm-fx.com/pcmupload/uploads/1387720278011.gif

gbp jpy

On the H4 TF, we are observing a reversal by having a bearish divergence happened. As

it continues, we are expecting to see a drop to 169.00 area if the supply pressure rises.

http://pcm-fx.com/pcmupload/uploads/1388930131711.gif

I think the last daily candle Im looking at here tells me its moving up. Plus its been trending up for months.

are you still trading this beast lol?

good luck this year!

Hello,
Started traded this pair on Monday because Eur/USD was slow, now its my Favorite, already made 6%. My two cents... I feel like this pair is going up, If it goes through 173.00 then it will def. hit 174 by the end of the week (i hope). But then again anything can happen in Forex. Im long since 172.00..we shall see

Close it at 172.85, didnt feel good about it...got 5 % tho

Hello GJ, just like to share that I have spotted a nice Bullish Bat in my 4hr chart.
But do trade at your own discretion, since you're only suppose to buy at the last of it.
GL!

HI Guys
This is my contribution to the community of this trade setup

GBPJPY Outlook for the week 27th Jan 2014
Daily Chart
http://2.bp.blogspot.com/-14_NLInj6v...1-26_23-27.jpg

http://4.bp.blogspot.com/-u5nXRqeRX2...1-26_23-27.jpg



We have a clear indication of a bearish sentiment as we have a clear lower highs.
But we have not performed lower lows yet. We are playing into support and the daily candle looks very bearish , So would not be surprised if support is broken, If support is broken, we will be looking for confluence levels with ichimoku clouds (As its a Japanese indicator, it usually respects it on a yen pair)

On the daily chart, I have two scenarios (in different colors)

Hourly Chart
http://1.bp.blogspot.com/-ZsSwbazvx8...1-26_23-27.jpg

Outlook Trade opportunity
This one as you can see i have no trade setups however all the Blue highlighted levels , we should expect some sort of bounce for a scalp.
When i clearly see an opportunity, i will update

Risk Level n/a

Tips -
Always take note of any economical news event on our provided calender below