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Geppy's Geppy Thread (GBP/JPY)

  • #9,881
  • Dec 8, 2013 10:05am Dec 8, 2013 10:05am
GBP/JPY 09/12/2013

It looks like bulls are immortals. They took just short break for sleep, but on Friday were back in full force.
My opinion is, that it was their last attack for some time. I think we will NOT see new highs, but new lows in few days. Closing price on Friday was just few pips under resistance 168.39 and HIGH from the last week is 169.16.

My setup for Monday is:
Short 168.37 SL 169.20 TP1 167.00 TP2 166.21

Good luck!
For my intraday scalps follow Twitter @fxmonman or BBM Channel C003827DF
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  • #9,882
  • Dec 8, 2013 1:52pm Dec 8, 2013 1:52pm
i dont think the average forex speculator ..even sees the beginning of this trend yet...overbought..i dont think so...loook at how fast and how it came down....next stop is the 190s...keep it simple.
  • #9,883
  • Dec 8, 2013 5:47pm Dec 8, 2013 5:47pm
sold 168.60
tp 1000 pips
158.60
  • #9,884
  • Dec 8, 2013 6:05pm Dec 8, 2013 6:05pm
Quoting ninner
i dont think the average forex speculator ..even sees the beginning of this trend yet...overbought..i dont think so
You might be right about that (the average speculator), but you and I both know the trend really started around the 140.00 range, but I guess its ok cuz the less people know that the trend still exists, the more we can make... haha

I think it could be a long while still before we see the 190s... but I won't argue with you that it's coming. Now if you had said 170, I'd say of course I'm with ya on that one, for I think we could see it by the end of this week.

Good luck fx-gtg with that 1,000 point TP, if I had any advice for you I'd say you might want to reconsider your gameplan...errrr, at least your target.
Please check out my blog at https://from-zero-to-hero . net
  • #9,885
  • Dec 9, 2013 3:16am Dec 9, 2013 3:16am
Quoting Fx-gtg
sold 168.60 tp 1000 pips 158.60
are you serious? what is the analysis behind this selling?
  • #9,886
  • Dec 9, 2013 7:40am Dec 9, 2013 7:40am
Quoting Fx-gtg
sold 168.60 tp 1000 pips 158.60
If there was ever a more useless post, I've yet to see it.
  • #9,887
  • Dec 9, 2013 7:52am Dec 9, 2013 7:52am
Difficult play. There's definitely downside pressure now, short term, which may take it down to 16,755ish. I'm waiting to see how the pa behaves if it gets to 885-891 which could be a very good level to short. I'm discounting going long today, I just have too much resistance at around 900. We'll see.
  • #9,888
  • Dec 9, 2013 11:09am Dec 9, 2013 11:09am
i had a 166.xx short i closed last week no loss
sold yesterday at 168.60 selling more 169.40
will close first short with 200 pips and let other run.
reason.
BOJ will disappoint on yen weakening over raised expectations of their actions.
  • #9,889
  • Dec 9, 2013 11:12am Dec 9, 2013 11:12am
Quoting Fx-gtg
i had a 166.xx short i closed last week no loss sold yesterday at 168.60 selling more 169.40 will close first short with 200 pips and let other run. reason. BOJ will disappoint on yen weakening over raised expectations of their actions.
Is there any specific SL?
  • #9,890
  • Dec 9, 2013 11:27am Dec 9, 2013 11:27am
It's worth looking at the monthly chart now as this for me is the only chart to show where major resistance should come in in the form of the 200ema. Otherwise sterling just keeps powering on upward. We are getting so far above the Daily 200ema/sma, which the price always likes to come back to when it gets too far away on any pair, that surely a healthy re-trace is due. Meanwhile, 17,200 awaits in the form of the monthly 200ema.
  • #9,891
  • Dec 9, 2013 1:00pm Dec 9, 2013 1:00pm
gj possible daily divergence?
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  • #9,892
  • Dec 9, 2013 1:05pm Dec 9, 2013 1:05pm
Quoting ud1nh0
gj possible daily divergence?
maybe convergent, not divergent
  • #9,893
  • Dec 9, 2013 4:21pm Dec 9, 2013 4:21pm
may we take control???
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  • #9,894
  • Dec 9, 2013 4:26pm Dec 9, 2013 4:26pm
Quoting khol_hands
may we take control??? {image}
today my birthday.lol
  • #9,895
  • Dec 9, 2013 5:08pm Dec 9, 2013 5:08pm
No pound weakness, no yen strength...so a bit of profit taking, and I guess that happened from 1.69 to 1.66....so next stop 1.72 and then maybe 1.65...but hey if it's your bday, anything can happen
  • #9,896
  • Dec 9, 2013 7:31pm Dec 9, 2013 7:31pm
This sucker needs to drop like a rock for about 500 pips!
  • #9,897
  • Dec 9, 2013 7:37pm Dec 9, 2013 7:37pm
Quoting monkey@forex
No pound weakness, no yen strength...so a bit of profit taking, and I guess that happened from 1.69 to 1.66....so next stop 1.72 and then maybe 1.65...but hey if it's your bday, anything can happen
not me but the bears
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  • #9,898
  • Dec 9, 2013 7:45pm Dec 9, 2013 7:45pm
i dun think the bear will take over so soon. from the trend i see.. the bull will continue to take over the pair until it reached 172
  • #9,899
  • Dec 9, 2013 8:12pm Dec 9, 2013 8:12pm
uj down but....
  • #9,900
  • Dec 9, 2013 9:24pm Dec 9, 2013 9:24pm
Quoting khol_hands
uj down but....
stay away from this pair as the bias is not established yet. This move can go as high as 180 but need catalyst.. So, I don't think shorting this pair now is a clever idea. We need a fundamental catalyst to see Nikki crashing again to short this pair..

I hear from london desk yesterday that they are going short gbp/usd for month end fix..they woudl be starting that from today.. so if nikki consolidates, then the drag can bring down GJ as well.. but lets see..
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