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Geppy's Geppy Thread (GBP/JPY)

  • #13,381
  • Apr 29, 2014 12:38am Apr 29, 2014 12:38am
HDA,
TY very much for the insight into the U/J and the Monthly Charting.
Obviously both were over looked and never considered previous planning.
We/I appreciate the pointers and shall implement them immediately.
  • #13,382
  • Apr 29, 2014 12:46am Apr 29, 2014 12:46am
Quoting EllisParrish
HDA, TY very much for the insight into the U/J and the Monthly Charting. Obviously both were over looked and never considered previous planning. We/I appreciate the pointers and shall implement them immediately.
@EllisParrish:

You're welcome

At the end of every month, you check your monthly
At the end of every week, you check your weekly
At the end of every day, you check your daily.

HDA OUT
  • #13,383
  • Edited 3:17am Apr 29, 2014 2:47am | Edited 3:17am
Quoting HDA
{quote} @EllisParrish: You're welcome At the end of every month, you check your monthly At the end of every week, you check your weekly At the end of every day, you check your daily. HDA OUT
When I am trading a Yen Cross such as GbpJpy, I go a little further and also monitor the charts of GbpUsd, UsdJpy as well as GbpJpy.

Thus I can see that UsdJpy is now entering its old supply area around 102.60 - 70 and GbpUsd is making new 4 year highs above 1.6840 which puts GbpJpy at 5 year highs in the 173 area......

Thus I would suggest that there is the a high PROBABILITY of a retest of GJ's recent high of 173.14 and of that level being broken either via a stop sweeping spike or continued strength in cable.....also, there is a BOJ press conference tomorrow, the last day of the month and that could bring additional volatility....

Edit: chart added.....
Attached Image (click to enlarge)
Click to Enlarge Name: apr 29 gj 4 hr.png Size: 48 KB
Trading Levels with WRBs
  • #13,384
  • Apr 29, 2014 3:35am Apr 29, 2014 3:35am
172.9 might just have been the top of the second part (leg) of a triangle.
  • #13,385
  • Apr 29, 2014 3:44am Apr 29, 2014 3:44am
Quoting Mpt
172.9 might just have been the top of the second part (leg) of a triangle.
UK GDP cme out 0.1% under expectations and that has dropped cable by 50 pips to under its 6800 level......I'm waiting to see IF the buyers step in again....
Trading Levels with WRBs
  • #13,386
  • Apr 29, 2014 3:46am Apr 29, 2014 3:46am
False breakout? + resistance level at 172.80 , next support level is 172 area.
Trade what you see, not what you think.
  • #13,387
  • Apr 29, 2014 3:49am Apr 29, 2014 3:49am
Quoting karmostaji
False breakout? + resistance level at 172.80 , next support level is 172 area.
i wish GJ down to 150 hahaha
  • #13,388
  • Apr 29, 2014 3:58am Apr 29, 2014 3:58am
Quoting giahung4ever
{quote} i wish GJ down to 150 hahaha

this pair is still in uptrend. This news spike wont change the bias.
Hero calls followed by margin calls...
  • #13,389
  • Apr 29, 2014 4:03am Apr 29, 2014 4:03am
Quoting giahung4ever
{quote} i wish GJ down to 150 hahaha
not sure of 150 but 170 is almost certain.
  • #13,390
  • Apr 29, 2014 4:12am Apr 29, 2014 4:12am
for those that like to see support and resistance / supply and demand area, this indicator may help.....
Attached Image (click to enlarge)
Click to Enlarge Name: apr29 gj 15m 0905.png Size: 41 KB
Attached File(s)
File Type: ex4 SS_SupportResistance_v04c.ex4   16 KB | 359 downloads
Trading Levels with WRBs
  • #13,391
  • Apr 29, 2014 4:14am Apr 29, 2014 4:14am
Quoting PhAnTi'
{quote} this pair is still in uptrend. This news spike wont change the bias.
On the monthly and weekly yes, but we've been ranging all year and are now at the upper limit of the pennant apex, so do we break through, or do we go down again?
  • #13,392
  • Apr 29, 2014 4:15am Apr 29, 2014 4:15am
Quoting Islander
for those that like to see support and resistance / supply and demand area, this indicator may help..... {image} {file}
English version ?
  • #13,393
  • Apr 29, 2014 4:17am Apr 29, 2014 4:17am
Apology, seems in english only, but somehow some short form is used so got confused.
  • #13,394
  • Apr 29, 2014 4:27am Apr 29, 2014 4:27am
Quoting Islander
for those that like to see support and resistance / supply and demand area, this indicator may help..... {image} {file}
thanks bro , appreciate this
  • #13,395
  • Apr 29, 2014 4:35am Apr 29, 2014 4:35am
Attached Image (click to enlarge)
Click to Enlarge Name: FLAGS.png Size: 122 KB


I'd suggest we have double pennants with a new 172.20/40 support and 172.8 resistance
with same plays based upon R/S posted by Islander for the breakout / breakdown of the
second pennant based upon news
The U/J remains stable and in an up trend with the G/J consolidating
  • #13,396
  • Apr 29, 2014 5:55am Apr 29, 2014 5:55am
UJ
  • #13,397
  • Apr 29, 2014 5:58am Apr 29, 2014 5:58am
Quoting PatienceFx
UJ
GU
  • #13,398
  • Apr 29, 2014 6:08am Apr 29, 2014 6:08am
UJ made new high, also range might give us another touch around 172.8x today. This pair is still bullish. GBPUSD at support. If UJ goes another 15-20 pips up GJ will do so as well.

Lets c

J
Hero calls followed by margin calls...
  • #13,399
  • Apr 29, 2014 6:19am Apr 29, 2014 6:19am
Quoting PhAnTi'
UJ made new high, also range might give us another touch around 172.8x today. This pair is still bullish. GBPUSD at support. If UJ goes another 15-20 pips up GJ will do so as well. Lets c J
If it touches again it's not a triangle and remains bullish. If it stays clear of the earlier high, it becomes bearish
  • #13,400
  • Apr 29, 2014 6:21am Apr 29, 2014 6:21am
Quoting Mpt
{quote} If it touches again it's not a triangle and remains bullish. If it stays clear of the earlier high, it becomes bearish
also cable might load for a bullish leg to close gap.... might.. ;p
Hero calls followed by margin calls...
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