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Geppy's Geppy Thread (GBP/JPY)

  • #11,081
  • Feb 23, 2014 11:44am Feb 23, 2014 11:44am
Sorry, GY ranging between 168-172, there was some good demand at 164 on weekly, the 175 level was tested during low volume over late dec/early jan time...so expecting a retest of that to at least form a double top or go higher. Fundamentally I expect tapering to stop which will strengthen GBP or BoJ to print more, so long run maybe upto 178-180 in the next month or two. That's my opinion. Lets see some "quality" reasoning from others
  • #11,082
  • Feb 23, 2014 12:07pm Feb 23, 2014 12:07pm
Quoting monkey@forex
Sorry, GY ranging between 168-172, there was some good demand at 164 on weekly, the 175 level was tested during low volume over late dec/early jan time...so expecting a retest of that to at least form a double top or go higher. Fundamentally I expect tapering to stop which will strengthen GBP or BoJ to print more, so long run maybe upto 178-180 in the next month or two. That's my opinion. Lets see some "quality" reasoning from others
I'm outta swing trades.....just short term ~~~~That February 4 reversal is big in my system.
  • #11,083
  • Feb 23, 2014 7:57pm Feb 23, 2014 7:57pm
Some UK data in 2 days. Usually biased to GBP bulls but there was the 18th and the 21st. Both days failed to crack 172.
Be humble or be humbled.
  • #11,084
  • Feb 23, 2014 9:00pm Feb 23, 2014 9:00pm
Quoting Temujin
Some UK data in 2 days. Usually biased to GBP bulls but there was the 18th and the 21st. Both days failed to crack 172.
Yep, everyone just fiddle for two days.....then we'll see the true trend. Watch that eur/aud.....it's dynamite....
  • #11,085
  • Feb 23, 2014 9:19pm Feb 23, 2014 9:19pm
Sustain below Friday's low will intensify the selling mood
  • #11,086
  • Feb 23, 2014 9:20pm Feb 23, 2014 9:20pm
I don't usually trade EUR/AUD. I don't like pairs that are frozen and suddenly move 200 pips. Commerz Bank has a small short on it. 1.34 in years to come, LOL!!
Be humble or be humbled.
  • #11,087
  • Feb 24, 2014 4:15am Feb 24, 2014 4:15am
Good day traders. Hope you had a lovely weekend. Back to markets and GBP/JPY. Sold the pair @ 170,630. SL @ 170,930.

Wish all a successful week!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #11,088
  • Feb 24, 2014 4:22am Feb 24, 2014 4:22am
Quoting Mr.C
Good day traders. Hope you had a lovely weekend. Back to markets and GBP/JPY. Sold the pair @ 170,630. SL @ 170,930.
Is there any reason in particular that you aren't worried about a retest of the long term trend line currently around 171.4?
  • #11,089
  • Feb 24, 2014 4:39am Feb 24, 2014 4:39am
Quoting userbrn
{quote} Is there any reason in particular that you aren't worried about a retest of the long term trend line currently around 171.4?
Is there any particular reason why every line has to be always re-tested ?
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #11,090
  • Feb 24, 2014 4:44am Feb 24, 2014 4:44am
Quoting Mr.C
Good day traders. Hope you had a lovely weekend. Back to markets and GBP/JPY. Sold the pair @ 170,630. SL @ 170,930. Wish all a successful week!
Hello all,
i am on same way as Mr.C lets fly
  • #11,091
  • Feb 24, 2014 6:06am Feb 24, 2014 6:06am
Quoting Mr.C
Good day traders. Hope you had a lovely weekend. Back to markets and GBP/JPY. Sold the pair @ 170,630. SL @ 170,930. Wish all a successful week!
balls of steel MR. C
  • #11,092
  • Feb 24, 2014 8:20am Feb 24, 2014 8:20am
Quoting userbrn
{quote} Is there any reason in particular that you aren't worried about a retest of the long term trend line currently around 171.4?
Whats ur TP1 2 and 3 sir?
  • #11,093
  • Feb 24, 2014 8:32am Feb 24, 2014 8:32am
Quoting Jrshin
{quote} Whats ur TP1 2 and 3 sir?
I don't have any positions now, I was just curious as a newbie
  • #11,094
  • Feb 24, 2014 8:33am Feb 24, 2014 8:33am
Quoting Mr.C
Good day traders. Hope you had a lovely weekend. Back to markets and GBP/JPY. Sold the pair @ 170,630. SL @ 170,930...
TP1 @ 169,98 reached. Another roadblock 15 pips below @ ~169,83 then @ ~169,59. If everything goes as planned I am thinking to get out or partially close the order @ ~169.25.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #11,095
  • Feb 24, 2014 9:04am Feb 24, 2014 9:04am
GBPJPY is heading for 160... its to early to call it but steady on the way... Weakness seen in Cable, Yen seems sideways, so Gippy should start its downward journey.
  • #11,096
  • Feb 24, 2014 9:16am Feb 24, 2014 9:16am
Quoting Noob Trader
GBPJPY is heading for 160... its to early to call it but steady on the way... Weakness seen in Cable, Yen seems sideways, so Gippy should start its downward journey.



We ll see you when it reaches 180 soon
  • #11,097
  • Feb 24, 2014 9:35am Feb 24, 2014 9:35am
Quoting delpiero
{quote} We ll see you when it reaches 180 soon
When you expecting your 'soon' to happen ?
  • #11,098
  • Feb 24, 2014 9:50am Feb 24, 2014 9:50am
I am expecting new recent low break (last is around 164) based on daily chart... I am expecting you to enlighten us with you logic so that we know what gives you belief that 180 is coming 'soon'
  • #11,099
  • Feb 24, 2014 9:56am Feb 24, 2014 9:56am
Quoting Noob Trader
I am expecting new recent low break (last is around 164) based on daily chart... I am expecting you to enlighten us with you logic so that we know what gives you belief that 180 is coming 'soon'
testing of support at 170 keep failing.. its already 4th today.. i dun think i will go down so soon
  • #11,100
  • Feb 24, 2014 10:00am Feb 24, 2014 10:00am
hey, this is my first post in this server, I like to trade this pair so will probably post more. I agree with Noob Trader on the fall. reason is the H4 double top bounce off from trendline that goes down. we will probably start to see a fall in asian session or next europe session, maybe see a small break at 168.4 before the continuation down. thoughts?
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