Geppy's Geppy Thread (GBP/JPY)

I'm in too guys, sold at 168.97

gonna target 168.70 and open up more sell entries if it hits.

Right about now we need comrade Vladimir to have his forces run in and get control of another natural gas plant on the border of East Ukraine. Stir up some of that market fear again. Crimeans of the world unite!

I am waiting a bit before deciding.

Yeah, just because Tokyo takes it up does not mean it continues in London or N.Y. This is a neutral scalping area now.

If I was trading with 300K like you I probably would too.

Now Jon Hilsenrath at the WSJ is reporting that short term rates are going to be held low at the Fed. Also I've read the market is waiting on results for earnings season. It's a component to why riskier pairs like GJ are just hanging out with no catalyst to implode. I say it's B.S. once those earnings come in there is no way to justify these equity prices. They sell and risk pairs will sell also although out of sync.

Dont believe it. Second tokyo returns for their second session, jpy weakens again.

It's a consolidation, LOL!! I'm kidding. Better to just play the 5 min. chart at an area like this. That yen won't be staying weak when Mrs. Watanabe snaps that purse shut because of the consumption tax.

yeah. be interested to see where it goes after Tokyo closes. To me, it's looking oversold.

Overbought to me.

RSI is close to 70

moving sides way for about an hour now.. looking for a big movement

I meant JPY is looking oversold? Is that what you meant?

EJ and UJ TL H4 was broken so GJ will follow them soon

Short for the next hour, after that looking to possibly buy.

Good luck everyone

1 more hour to euro market

Since recovering from the gap down at approximately 2200, the GJ has traded in a consolidation range of about 20-25 pips from 169 to about 168.8 for about 5 hours. Because of the gap recovery, the 5 minute, 15 minute and 3o minute charts all now show a 20 day EMA line above their respective 50 Day EMA. The 1 hour and 4 hour charts show the opposite, still in a down trend.

What to do: wait to see if the opening of the Euro market has any significant impact, with no bad news or data on the horizon, It could slowly continue up as the Euro stock market rises in the short term but there will have to be some sort of “motivation” to get things going like maybe the PMI releases.

Any thoughts?

seems to me that it is opening up on the north side