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Dragon Riders GBP/JPY

  • #11,161
  • Jun 10, 2015 12:13am Jun 10, 2015 12:13am
he does this every so often. im not shocked by it. only reason i say down is because it needs a correction at some point
  • #11,162
  • Jun 10, 2015 12:14am Jun 10, 2015 12:14am
Then again, we have red GBP news in a few hours... might push it back up to where it was once market sees on top that Kuroda has no backup for his sensless comment....
  • #11,163
  • Jun 10, 2015 12:16am Jun 10, 2015 12:16am
it might just go back to where it came from.

but at some point its got to get tired of climbing and must come down for a rest
  • #11,164
  • Jun 10, 2015 12:44am Jun 10, 2015 12:44am
Yep.... hope it doesnīt came back though, I am short
  • #11,165
  • Jun 10, 2015 12:57am Jun 10, 2015 12:57am
Let that go on now...
  • #11,166
  • Jun 10, 2015 2:29am Jun 10, 2015 2:29am
Quoting raiders
it might just go back to where it came from. but at some point its got to get tired of climbing and must come down for a rest
Looks like support is being sorely tested - may just bounce before slicing through IMO.

Daily and 2 Hr charts below..
Attached Image (click to enlarge)
Click to Enlarge Name: 10_6_GBP_JPY_.gif Size: 470 KB
  • #11,167
  • Jun 10, 2015 7:09am Jun 10, 2015 7:09am
Nice move upwards before downing due to news.
  • #11,168
  • Jun 10, 2015 8:54am Jun 10, 2015 8:54am
Quoting ectoplasm
{quote} Looks like support is being sorely tested - may just bounce before slicing through IMO. Daily and 2 Hr charts below.. {image}
like the charts!
  • #11,169
  • Jun 11, 2015 7:46am Jun 11, 2015 7:46am
Quoting andrern2000
Nice move upwards before downing due to news.
Looks to be in the process of rejecting resistance around here...
Attached Image (click to enlarge)
Click to Enlarge Name: 11_6_15_GBP_JPY.gif Size: 50 KB
  • #11,170
  • Jun 11, 2015 8:09am Jun 11, 2015 8:09am
On a sustained trade above 191.50, GBPJPY seems all set to continue its upward trajectory towards 192.50-70 resistance area - upper trend-line resistance of a short-term ascending trend-channel formation on 4-hourly chart.
The view gets negated if the pair drops back below 190.80 immediate support, which might then drag it back towards 189.00 mark support - lower trend-line support of the channel.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH411062015.png Size: 7 KB
  • #11,171
  • Jun 11, 2015 10:45am Jun 11, 2015 10:45am
For me.. its time to look for short...

http://prntscr.com/7frqe0
  • #11,172
  • Jun 11, 2015 4:00pm Jun 11, 2015 4:00pm
So everyone short here? I am long, hoping for 200 long run. What does everyone else have on the plan?
  • #11,173
  • Jun 11, 2015 4:13pm Jun 11, 2015 4:13pm
Quoting HareshBM
On a sustained trade above 191.50, GBPJPY seems all set to continue its upward trajectory towards 192.50-70 resistance area - upper trend-line resistance of a short-term ascending trend-channel formation on 4-hourly chart. The view gets negated if the pair drops back below 190.80 immediate support, which might then drag it back towards 189.00 mark support - lower trend-line support of the channel. {image}
I won't be surprised to see 200.00 but will take time.!
Money never sleeps I can hear the dollar calling me
  • #11,174
  • Jun 11, 2015 4:18pm Jun 11, 2015 4:18pm
Quoting geektrader
So everyone short here? I am long, hoping for 200 long run. What does everyone else have on the plan?
I'm looking to hit 192.96 (1.618 fib of 188.96-191.43) before we see a retracement. It could be premature to short at this point until that level is reached.
Lost....
  • #11,175
  • Jun 11, 2015 4:33pm Jun 11, 2015 4:33pm
So this thread is still alive ... not bad ... Geppy pretty volatile atm ... wide range during the past days. I will surely be watching
Fix up, trade sharp ...
  • #11,176
  • Jun 11, 2015 4:39pm Jun 11, 2015 4:39pm
Finally looking like a spot i want to buy into again. hoping this consolidates here for the next 8 hours or so. if so, im looking to long. im going to be real cautious though and trail my stops on this one.

looking for 192, 193 and 193.3

hoping kuroda doesnt decide to talk about sushi, godzilla and laundry again tonight and mess up a good plan
  • #11,177
  • Jun 11, 2015 5:05pm Jun 11, 2015 5:05pm
Quoting geektrader
So everyone short here? I am long, hoping for 200 long run. What does everyone else have on the plan?

Cautiously long. Closed out at the resistance for a nice 400ish pips profit this week. Will wait for confirmation before re-entering.

See what tomorrow brings!
  • #11,178
  • Jun 11, 2015 5:06pm Jun 11, 2015 5:06pm
Quoting gespiri
{quote} I'm looking to hit 192.96 (1.618 fib of 188.96-191.43) before we see a retracement. It could be premature to short at this point until that level is reached.
Yes, but we reached that level already today, yet GBPJPY still doesnīt want to go down. I hope for a break to the upside.

Yes, Kuroda, this fucker.... donīt know why market even reacts to his bullshit. He just makes up things out of the blue with no backup, yet GBPJPY spiked 200 pis down, just to bounce that all back again? We could have done without that sensless spike if Kuroda would just keep his mouth shut and stick to facts and trades would simply not listen to his crap!
  • #11,179
  • Jun 11, 2015 7:20pm Jun 11, 2015 7:20pm
Oh sorry, just saw you said 192.96
  • #11,180
  • Jun 11, 2015 7:31pm Jun 11, 2015 7:31pm
The only thing that to my mind would cause GBP JPY to sink rapidly which is why I took profit on some higher buys, would be a dive in the equities market. Any sinking would be an opportunity to buy.
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