Geppy's Geppy Thread (GBP/JPY)

Quoting HDA

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{quote} @ruffryders: This 10am eastern USD/JPY Options barrier 104.00/05 and Offers (sellers) at 104.00 has limited the rise of the USD/JPY. Don't forget the strong strong bids are at 1.0320 USD/JPY to support the bullish continuation which in turn supports the bullish continuation of the GBP/JPY. USD/JPY Support 103.245 strong strong support 102.819 102.254 Pay attention to any pullbacks on the USD/JPY and note, that if price action should reach 103.20 (because the bids at 103.20 are very very heavy), you should immediately buy the GBP/JPY and...

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Quoting ruffryders

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{quote} HDA, thanks for a heads up, got both charts open, looking for UJY to test 25-36 area and then looking to buy the dipper on GJ. hopefully pay for lunch.

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Quoting HDA

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{quote} @ruffryders: This 10am eastern USD/JPY Options barrier 104.00/05 and Offers (sellers) at 104.00 has limited the rise of the USD/JPY. Don't forget the strong strong bids are at 1.0320 USD/JPY to support the bullish continuation which in turn supports the bullish continuation of the GBP/JPY. USD/JPY Support 103.245 strong strong support 102.819 102.254 Pay attention to any pullbacks on the USD/JPY and note, that if price action should reach 103.20 (because the bids at 103.20 are very very heavy), you should immediately buy the GBP/JPY and...

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Quoting FX-Ray

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Major decision point 172.40/20 rejected. Positive, next 174.60/40, still. Added. Add: Pic {image}

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Quoting workingforex

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{quote} Cool, I like the sound of it.

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Quoting Robertk

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{quote} HDA, thanks for your input but where did you got your 104.00 option barrier from? As far as I can see to the levels provided today 10AM EST cut by Forexlive I dont see an option barrier for the 104.00 level. {image}

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Quoting fx-ray

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{quote} not preliminary but too late. Reason: 174.00/3.80 a retracement could start to 172.40/20.

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Quoting FX-Ray

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Quick summary: As long as 172.40/20 is support, next target is 173.40/20; above it 174.00/3.80 and 175.00/4.80. If 172.40/20 gets cracked expect a test of 170.80/60; another point where I´d like to buy back. Market is quite calm but stops are still above 174.00. If triggered, decision points above should be reached. Before 8th April Monetary Policy Statement and BOJ Press Conference, nothing dramatically should happen.

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Quoting ruffryders

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hda, agreed, you and fx-ray posting great levels. So far my strat not working out for today here on gj. elsewhere, eu starting to move lower, and my euaud put option is almost profitable. :d

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Quoting EllisParrish

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I very much appreciate Fx Ray and HDA's work in this discussion. My question, from an educational stand point, is how or what works the best in determining the support and resistance areas? Is there a time frame 1 hr , 4 hr chart where you determine the approximate locations ? Are they pivot points? Thank you for your help

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Quoting HDA

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{quote} @FX-RAY: Forex Factory Members and Guests, you are in good hands. FX-Ray truly understands GBP/JPY Please see post Monday, March 31, 2014, from the GBP/USD thread http://www.forexfactory.com/showthre...37#post7373937 Well done sir Once you know the levels to look for you can trade this pair stress-free. That's my motto, "stress-free trading" HDA OUT

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Quoting FX-Ray

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{quote} Look for Test/Break/Test (T/B/T) levels Add: Example: http://www.forexfactory.com/showthre...29#post7248829 {image}

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Quoting fx-ray

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{quote} thank you but its too much of a honor.

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Quoting ruffryders

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{quote} looks like almost a flat day. Heading into close, open almost equals close. Well supported below current levels, however break below 172.35-38 -> 171.80 and 171.60 further down upside still looking good, break above 172.80 -> 173.35-50 up next. Final tp on longs this week for upside scenario: 173.80-174.40

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