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Rocketbunny (Rocketbunny)
Mar 02 2016 at 07:38
5 posts
dianajs posted:
I agree, it will probably reach 159.00.
already closed yet?
Lose Small and Win Big
dianajs
Mar 02 2016 at 15:19
823 posts
Rocketbunny posted:
dianajs posted:
I agree, it will probably reach 159.00.
already closed yet?

Yes, I closed it and I'm wondering whether I should open shorts.
Rocketbunny (Rocketbunny)
Mar 06 2016 at 08:10
5 posts
dianajs posted:
Rocketbunny posted:
dianajs posted:
I agree, it will probably reach 159.00.
already closed yet?

Yes, I closed it and I'm wondering whether I should open shorts.
Lol. Monday will be short for temporary(pullback)
Lose Small and Win Big
dianajs
Mar 06 2016 at 09:41
823 posts
Rocketbunny posted:
dianajs posted:
Rocketbunny posted:
dianajs posted:
I agree, it will probably reach 159.00.
already closed yet?

Yes, I closed it and I'm wondering whether I should open shorts.
Lol. Monday will be short for temporary(pullback)

Most likely, yes, there should be a pullback. The overall movement is quite bullish though.
alexforex007
Mar 08 2016 at 06:14
775 posts
The 159.80 could be support for the GBPJPY, to the upside, the 166.12 could act as resistance.
humbletrader (mmafxbook)
Mar 08 2016 at 08:23
165 posts
I see GBPJPY has resumed the uptrend from the price-level 160.495 to aim 164.78 and possibly pullback again before resuming the uptrend once more till 166.35 God-willing.

Happy trading.
to turn humble investments into huge fortune with minimal risk ...
mlawson71
Mar 08 2016 at 11:15
1487 posts
There is a doji candlestick on the daily time-frame, so it's possible it will start falling again.
Rocketbunny (Rocketbunny)
Mar 08 2016 at 15:05
5 posts
mlawson71 posted:
There is a doji candlestick on the daily time-frame, so it's possible it will start falling again.

Let' short
Lose Small and Win Big
dianajs
Mar 08 2016 at 17:07
823 posts
Shorting is a good idea, especially if it breaks below 160.00.
Ari Goldman (arigoldman)
Mar 09 2016 at 09:19
909 posts
Still depreciated.
mlawson71
Mar 11 2016 at 09:33
1487 posts
So much about shorting, the pair is rising again and next target is around 165, I think.
humbletrader (mmafxbook)
Mar 12 2016 at 15:37
165 posts
True,GBPJPY is a very interesting pair.I expect it go to 165.36 level but probably stall at 164.75 area for some profit taking,God-willing.
to turn humble investments into huge fortune with minimal risk ...
dianajs
Mar 13 2016 at 10:27
823 posts
There is a significant level of resistance at 164.00, so there might be some retracement next week.
humbletrader (mmafxbook)
Mar 17 2016 at 12:45
165 posts
Hello traders,I see that GBPJPY is unwilling to go up any more.It has broken two major downward trend lines and also closed below that last week higher time frame low.It is time to sell now with very low risk SL at 161.20 and first TP at 158.30 and 156.73 God-willing and possible retracing before falling further down.
to turn humble investments into huge fortune with minimal risk ...
humbletrader (mmafxbook)
Mar 17 2016 at 19:15
165 posts
There is a 4H reversal candle at the 4 H time frame after my thoughts above.The SL above was also triggered.I guess we should wait for confirmation for possible resumption of the uptrend in my view.
to turn humble investments into huge fortune with minimal risk ...
humbletrader (mmafxbook)
Mar 18 2016 at 08:20
165 posts
It seems we should rather expect to short after a strong close below the last daily candle low.Even a 1 hour candle strong close should be a good signal in my view,God-willing.Watch out.
to turn humble investments into huge fortune with minimal risk ...
Ari Goldman (arigoldman)
Mar 18 2016 at 08:51
909 posts
Staying out for now.
humbletrader (mmafxbook)
Mar 18 2016 at 14:53
165 posts
An Goldman-staying out is a wise choice.However,since yesterday's high has been tested and with the recent 4 hour candle close below that daily high,we have a low risk entry for a sell in my view.Let us see how it goes,God-willing as I am shorting anyway.
to turn humble investments into huge fortune with minimal risk ...
dianajs
Mar 20 2016 at 08:50
823 posts
mmafxbook posted:
An Goldman-staying out is a wise choice.However,since yesterday's high has been tested and with the recent 4 hour candle close below that daily high,we have a low risk entry for a sell in my view.Let us see how it goes,God-willing as I am shorting anyway.

The signal on the four-hour time frame is for sell, but the daily signal is for buy. I don't know, those are very conflicting signals.
humbletrader (mmafxbook)
Mar 21 2016 at 19:21
165 posts
The signal on the four-hour time frame is for sell, but the daily signal is for buy. I don't know, those are very conflicting signals.
Dear Dianajs,that is typical of multi-time frame analysis.The daily signal can only be buy where we to have a strong close(preferably a high time frame such as 4H above the previous day's daily candle high.Moreover,the initial uptrend has broken two uptrend lines under 4H time frame with a close below the previous week's low.Then the rallies did not take out the most recent 4 H high(as at last week and till date,I mean).Finally note that just concluded uptrend halted right after touching the last low that brought the price down to 154.70 level.Also watch candle stick patterns at the end of the just concluded uptrend and this at a daily time frame resistance level.And this is my view and God knows best.

I believe that we are set for a potential 3000 pips drop in the price of GBPJPY. Conservative traders may wait till we break the 154.70 low level on daily time-frame,confirm the push down and then ride it down to 130.317 in my view,God-willing.
to turn humble investments into huge fortune with minimal risk ...
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