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GBP/JPY

  • #1,321
  • Aug 2, 2014 11:08am Aug 2, 2014 11:08am
that wa$ a nice drop. looking forward to the next one.
  • #1,322
  • Aug 2, 2014 7:45pm Aug 2, 2014 7:45pm
After 4-week consistent losing ground from 175.00, GBPJPY price again ended below 173.00.
Attached Image


173.00 is the level Ii will be looking at.

Full analysis along with GBPNZD
http://www.forexfactory.com/showthre...53#post7647853
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #1,323
  • Edited 9:22am Aug 5, 2014 9:07am | Edited 9:22am
Quoting MaximeCau
{quote} The pair is oversold now. Prices can rise up to the top of the cloud and then go back down.
You remember that ? Let see the daily chart now... Prices are touching the top of the cloud at 173.500. I think we will go back down soon.

I'm waiting to touch the trend line/top of the cloud...

The current 4h candle can be a test.
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  • #1,324
  • Aug 5, 2014 10:31am Aug 5, 2014 10:31am
-------> 169.5x
  • #1,325
  • Aug 5, 2014 10:41am Aug 5, 2014 10:41am
Quoting pipshuvit5
-------> 169.5x
what is this? Your mathematics homework?
Focus only on what truly matters!
  • #1,326
  • Aug 5, 2014 10:42pm Aug 5, 2014 10:42pm
GBPJPY looks set for a large C wave down of an irregular correction started from the beginning of this year. It had a complex wave b but becomes impulsive down from 3rd Jul top.
Attached Image (click to enlarge)
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Attached Image
Elliott Wave for optimum entry, exit and risk management of trades
  • #1,327
  • Aug 6, 2014 1:08am Aug 6, 2014 1:08am
Quoting skyhok
GBPJPY looks set for a large C wave down of an irregular correction started from the beginning of this year. It had a complex wave b but becomes impulsive down from 3rd Jul top. {image} {image}
My targets confirm your theory. I have 2 targets on my radar as you can see on image. I also believe it could go even deeper after my 2nd target is reached.

Happy Trades
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-JPY-Kiwioz-001.jpg Size: 116 KB
Focus only on what truly matters!
  • #1,328
  • Aug 6, 2014 1:59am Aug 6, 2014 1:59am
Follow up on the analysis i had last weekend on the 173.00 level for GBPJPY
http://www.forexfactory.com/showthre...53#post7647853

Today London section we had a run down through the 173.00 first time in August.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-8-6 1-53-37.png Size: 22 KB


Good momentum for about 50 pips and currently at the 172.50 where the July's lowest was.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #1,329
  • Aug 6, 2014 2:01am Aug 6, 2014 2:01am
Quoting Ata-Turkoglu
{quote} My targets confirm your theory. I have 2 targets on my radar as you can see on image. I also believe it could go even deeper after my 2nd target is reached. Happy Trades {image}
Well, it's trying to break a minor bottom as I write. The best to your trades.
Elliott Wave for optimum entry, exit and risk management of trades
  • #1,330
  • Aug 6, 2014 2:07am Aug 6, 2014 2:07am
Quoting skyhok
{quote} Well, it's trying to break a minor bottom as I write. The best to your trades.
Thanks mate.. same wishes to you..

Happy Trades
Focus only on what truly matters!
  • #1,331
  • Aug 6, 2014 2:30am Aug 6, 2014 2:30am
On the 4H it's trying to break the Fibo 3rd support and the Stoch indi agrees for further down.
  • #1,332
  • Edited 5:18am Aug 6, 2014 5:04am | Edited 5:18am
If will break 171.7 (fibo D1 50.0) today, there is no return
  • #1,333
  • Edited 5:48am Aug 6, 2014 5:16am | Edited 5:48am
Update : some indecision on low tf . Will continue stalk it

I'll look for signs of weakness here

Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 43 KB
Money moves the market, not an indicator.
  • #1,334
  • Aug 6, 2014 9:40am Aug 6, 2014 9:40am
Have no idea what just happen. Luck on my side, forgot to put TP in and made a unexpected quick 50pips. What now?
  • #1,335
  • Aug 6, 2014 9:42am Aug 6, 2014 9:42am
Reverse back to up for awhile before shoot back down...chill Louise,happy pipping
  • #1,336
  • Aug 6, 2014 9:46am Aug 6, 2014 9:46am
Quoting thomaspaine
If will break 171.7 (fibo D1 50.0) today, there is no return
Close 2/3 off shorts and add more 172.1, no return confirm, TP 1, 171.5, TP 2, 170, TP 3, 163
  • #1,337
  • Aug 6, 2014 11:22pm Aug 6, 2014 11:22pm
Thanks for that pipshuvits5, because I placed a Sell order at 172.200 and went to bed. Was a bit of a shock this morning to see it was triggered and the price went higher. Think 171.63 fibo still valid. Waiting game!
  • #1,338
  • Aug 6, 2014 11:46pm Aug 6, 2014 11:46pm
Interesting is that the Fabonacci Povits moved and the 3rd support is now at 170.575 and the daily candle show a bearish HA. Looks promising.
  • #1,339
  • Aug 10, 2014 3:45pm Aug 10, 2014 3:45pm
Just a follow up on the GBPJPY this week, earlier I called the 173.00 would be the key level to watch for breakout http://www.forexfactory.com/showthre...53#post7647853. And here it is, we had a break on 173.00 last week.
Attached Image (click to enlarge)
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Although it seems a bit oversold for scalping, technically, I suspect the bear trend would continue, and it's ideal to sell on pull backs as long as it's below 173.00. Watch out for GBP's GDP and Carney speech this week, too.

More analysis on EURUSD, EURAUD, GBPNZD, and GBPAUD is here. Feel free to check them out too.
http://www.forexfactory.com/showthre...50#post7664750
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #1,340
  • Aug 10, 2014 11:41pm Aug 10, 2014 11:41pm
This my take on GBPJPY, Go short near the resistance level of 171.45 and stop loss should be cap about 40-50 pips.
Attached Image (click to enlarge)
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