GBP/JPY

Sorry, my last post is wrong ( I think I need more practices.).


JPY should be going down continuously soon so this pair will step up first (like the orange color step-up) and then follow the pattern again.

Hi roger44,

Agree with your assessment - reasons generally in accord...

Two charts below are daily and 2 Hr

Nice to meet you.
Thank you for reading my post.
You have very nice charts.

As I like charts, please continue to post more charts and more ideas to all your interesting pairs' forums.
(e.g. the forums AUD/USD, AUD/NZD,...... ?)
(chart tells thousands words.)

Daily analysis of GBP/JPY for October 14, 2015

Overview

GBP/JPY has turned neutral. Price actions at 180.36 are viewed as a consolidation pattern. A breakout at 180.36 will extend the fall from 195.86 in order to test the key support level of 174.86. In case of another rise, strong resistance should be seen around 188.28 to end the consolidation. The pair was close to key cluster resistance of 61.8% retracement from 251.09 to 116.83 at 199.80, which is close to the psychological level of 200. A breakout at 174.86 will confirm the trend reversal and bring a deeper fall to 38.2% retracement of 116.83 to 195.86 at 165.67. In case of another rise, we should be cautious as strong resistance at 199.80/200.00 could cause a reversal.

Daily Pivots: (S1) 181.45; (P) 182.89; (R1) 183.97;

GBPJPY bought @ 1.8330 TP 1.8430
intraday trend is mixed

Daily analysis of GBP/JPY for November 06, 2015

Overview
GBP/JPY dropped to as low as 185.00 last week but was supported above 61.8% retracement of 174.86 to 195.86 at 182.88 and recovered. Overall outlook is unchanged. Price actions from 195.86 are viewed as a consolidation pattern and should be supported by mentioned 182.88 fibonacci level. An upside breakout through 195.86 is expected later. However, sustained trading below 182.88 will dampen our view and turn focus back to 174.86 support instead.
Daily Pivots: (S1) 184.16; (P) 185.92; (R1) 186.89;

Huge down trend on the longer term time frames. Currently in a pullback phase but the one hour chart is signalling a possible resumption of the trend

Head and shoulders on H4 timeframe, good opportunity to short :

Short trend is up,so I longed at 156.55,but the trend didn't go as I wish,hit my protect stop at 156.57.

Anyway I think big trend is still down,maybe there is short change at next week.

trend remains down, after a run up to 134.00/20/25 to take out stops, then down into 131.70/50

Hello

Welcome back! long time you were not here :-)

Thanks, I stopped trading for a couple of years but I'm here again

I went long at 139.5

Tight SL and patience should pay off nicely soon.

I see a bull flag after yesterday's uptrend, if the channel holds then I expect 143 area

How did you come up with 143?

See chart, if 143 breaks then 147, and then 151 area (38.2% fibo)

Buy 141.40 TP 142.460 SL 141