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GBPJPY

Feb 12, 2016 at 11:51
7,772 Views
210 Replies
Member Since Feb 21, 2016   5 posts
Mar 02, 2016 at 07:38
dianajs posted:
I agree, it will probably reach 159.00.
already closed yet?
Lose Small and Win Big
Member Since Dec 09, 2015   823 posts
Mar 02, 2016 at 15:19
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.
Member Since Feb 21, 2016   5 posts
Mar 06, 2016 at 08:10
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
Member Since Dec 09, 2015   823 posts
Mar 06, 2016 at 09:41
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.
Member Since Oct 11, 2013   775 posts
Mar 08, 2016 at 06:14
The 159.80 could be support for the GBPJPY, to the upside, the 166.12 could act as resistance.
Member Since Feb 15, 2016   165 posts
Mar 08, 2016 at 08:23
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 ...
Member Since Dec 11, 2015   1487 posts
Mar 08, 2016 at 11:15
There is a doji candlestick on the daily time-frame, so it's possible it will start falling again.
Member Since Feb 21, 2016   5 posts
Mar 08, 2016 at 15:05
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
Member Since Dec 09, 2015   823 posts
Mar 08, 2016 at 17:07
Shorting is a good idea, especially if it breaks below 160.00.
Member Since Oct 02, 2014   909 posts
Mar 09, 2016 at 09:19
Still depreciated.
Positivity
Member Since Dec 11, 2015   1487 posts
Mar 11, 2016 at 09:33
So much about shorting, the pair is rising again and next target is around 165, I think.
Member Since Feb 15, 2016   165 posts
Mar 12, 2016 at 15:37
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 ...
Member Since Dec 09, 2015   823 posts
Mar 13, 2016 at 10:27 (edited Mar 13, 2016 at 10:28)
There is a significant level of resistance at 164.00, so there might be some retracement next week.
Member Since Feb 15, 2016   165 posts
Mar 17, 2016 at 12:45
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 ...
Member Since Feb 15, 2016   165 posts
Mar 17, 2016 at 19:15
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 ...
Member Since Feb 15, 2016   165 posts
Mar 18, 2016 at 08:20
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 ...
Member Since Oct 02, 2014   909 posts
Mar 18, 2016 at 08:51
Staying out for now.
Positivity
Member Since Feb 15, 2016   165 posts
Mar 18, 2016 at 14:53
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 ...
Member Since Dec 09, 2015   823 posts
Mar 20, 2016 at 08:50
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.
Member Since Feb 15, 2016   165 posts
Mar 21, 2016 at 19:21
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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