Dragon Riders GBP/JPY

I reckon it fell into fairly good support - for the moment But, it needs to reclaim 145.8 then over 146.4

Who knows what impact, if any, the BOJ thing has today. However, Cable should by now be at 123, but its been in a rounding bottom for 33 days now so it may yet hold up. It also runs effectively in a flat top .. a bit like a flat topped triangle which is often bullish. My bullish scenario for Cable is - not to 1.23, break up again to 1.27, retest to 1.255 then accelerate to at least 1.31

Also, don't forget the significance of this exact place in 2013. So, it's either fall to wherever day, or begin the climb.

Yup you are absolutely right... same place 2013

I was long until just now but don't like the look of the chart for long. We just made a significant move down and broke lower trend line. However, due to lower volume starting this week and well into next, I doubt it's wise to trade a whole lot.

Edit: Of course it had to shoot up a few minutes after I close it...

hey hey hey little down

Hey how are u all of u?

Anyway what do u guys think what will happen to gpb/jpy a couple hours ahead?

Now its look like sideway, woud it turn be bullish or bearish?

jpy strong any idea?

139 in 3 weeks.

Hi Saranga,

Do you ok if you share the picture website link?
it is quite informative view.

Thank you

this's link mate
https://www.mataf.net/en/forex/tools/currency-index

Cable: moderately complex array of formations. First one dropped out of 1.23.6 three days ago. Second one held so far at 1.231. Long story short, cable back over 1.239 has a window to move back up to 1.253. But, either today or tomorrow/next week, it may be able to run straight through 1.235

GJ: weekly still holding up. Daily up over support still. Reckon the numbers are the same as I outlined two days ago. Over 145.8 for 146.4/5 to attempt 147.1 ish. Should that fail, 145.8/146 or so holds

Overall, though, it's fine to talk about levels and supports etc , but if it wants to go down it's just going to head down - there is still a small h&s feel/look about it.

where is the breakout will happen??
i think good for bearish....

Hi Saranga,

Great help!
Thank you.

morning open

nice think mate

buying 144.24

Bears are taking control over the shorter deadlines and I do not see any buying power

Loss 144.0 opens 143.3 for a total move of 520 pips in a bullish correction. Below 142.4 suggests a rather deep retreat. Holding over 144 needs 145.2 to confirm uptrend.

Anyway, merry Christmas everyone

Buyers gone ... sweeping all buyers, Wave 5 almost complete

I think so too. A break on 144.000 might make me look into selling.

Hi,

I don't trade pound yen but see a good buy opp here at 143.83.

Good luck all.