GBPJPY
Membre depuis Feb 21, 2016
posts 5
Apr 24, 2016 at 06:32
How long can u go
Lose Small and Win Big
Apr 27, 2016 at 11:50
Hello traders,GBPJPY has reversed in my view.Our intermediate tp is 175 but for today or tomorrow let us target 163.97 God-willing.This is because the daily downward sloping trend line has been broken with conviction and the 4h time frame has made some structural journey of HH and HL severally.
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Apr 28, 2016 at 07:36
After the above post yesterday,the GBPJPY pair encountered a resistance level and halted,being a previous structural swing high 44 hr level on 30/03/2016.I suggested selling the pair with TP at 158.37 as it may want to re-test that historically strong level too.That comment was not delivered due to the current Internet disruption at my end.
I remain bearish till 155.30 unless a support hold,God-willing. Should the daily downward sloping trend line that was broken to hrald the bullish trend be broken again and a a strong close below 156.51 4hr low,I will suggest that the bullish trend lack conviction and I will resume selling with TP at 151.80 God-willing.
Let us watch keenly.
I remain bearish till 155.30 unless a support hold,God-willing. Should the daily downward sloping trend line that was broken to hrald the bullish trend be broken again and a a strong close below 156.51 4hr low,I will suggest that the bullish trend lack conviction and I will resume selling with TP at 151.80 God-willing.
Let us watch keenly.
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Apr 28, 2016 at 12:18
(édité Apr 28, 2016 at 12:20)
Plenty more fuel for the brexit risk:
https://www.bbc.com/news/business-36150191
OECD gives some for the anti-immigration people:
https://blogs.spectator.co.uk/2016/04/oecd-says-brexit-would-slash-immigration-to-a-quarter-of-todays-levels/
That, along with a fairly strong pound (that is likely way overbought) and not much to weaken the yen after BoJ, opens up levels below 155 again.
https://www.bbc.com/news/business-36150191
OECD gives some for the anti-immigration people:
https://blogs.spectator.co.uk/2016/04/oecd-says-brexit-would-slash-immigration-to-a-quarter-of-todays-levels/
That, along with a fairly strong pound (that is likely way overbought) and not much to weaken the yen after BoJ, opens up levels below 155 again.
Membre depuis Oct 02, 2014
posts 909
Apr 30, 2016 at 15:07
It'll likely continue dropping.
Positivity
May 05, 2016 at 14:31
Friends,I believe the bearish sentiment has reversed.I am bearish now with SL at 151.53 and TP at 169.714 level.This is about 300 pips risk to make 1,500 pips profit,God-willing.
Happy longing!
Happy longing!
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forex_trader_29148
Membre depuis Feb 11, 2011
posts 1916
May 05, 2016 at 15:49
mmafxbook posted:
Friends,I believe the bearish sentiment has reversed.I am bearish now with SL at 151.53 and TP at 169.714 level.This is about 300 pips risk to make 1,500 pips profit,God-willing.
Happy longing!
you are right
May 07, 2016 at 09:56
GBPJPY was hardly moving the last few days, I wait for a definitive break up or down, pullback, and then enter on the continuation. Prefer a break to the downside, because of BREXIT.. however it seems to turn in a more positive sentiment regards to this, which is of course better for the GBP.
They say, you learn from your mistakes.. so I hope to make a lot of them!.
Membre depuis Oct 02, 2014
posts 909
May 07, 2016 at 19:18
Not really optimistic, so i'm staying out at the moment.
Positivity
May 11, 2016 at 06:34
GBPJPY bumping its head against some major s/r level and 4H 200 ema, if a bearish engulding follows, i will take a short.. I hope this does not happen til AFTER the Thursday BOE interest rate decision.
They say, you learn from your mistakes.. so I hope to make a lot of them!.
May 12, 2016 at 22:55
Fellow traders,Base on TP review analysis my TP for GBPJPY after the positive BOE rate decision today is no longer 169.71 but 165.82 God-willing.Except for counter traders,we should be buying low now rather than selling as the trend as reversed convincingly from short to long ditto other GBP pairs too such as GBAUD,GBPNZD and GBPCAD in my view.
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May 13, 2016 at 19:42
I took a short after a nice engulfing bearish candle tuesday morning, it went my way quite a bit but on wednesday night it went up again, and the BOE news on thrursday was the final verdict, it spiked up and took my stop.. to fall back down not long after that!
Now waiting for a solid signal to short again..
Long term I do not agree that the GBPJPY will be bullish, in fact the BOE chairman Carnegy even warned yesterday the GBP may get a lot weaker the coming weeks before the BREXIT vote on June 23, If the polls keep showing a neck to neck race between In or Out of the EU.... beside that, markets show more and more a Risk Off sentiment which should make the JPY stronger.
So no way I will take any longs on this pair! or any GBP pair
Now waiting for a solid signal to short again..
Long term I do not agree that the GBPJPY will be bullish, in fact the BOE chairman Carnegy even warned yesterday the GBP may get a lot weaker the coming weeks before the BREXIT vote on June 23, If the polls keep showing a neck to neck race between In or Out of the EU.... beside that, markets show more and more a Risk Off sentiment which should make the JPY stronger.
So no way I will take any longs on this pair! or any GBP pair
They say, you learn from your mistakes.. so I hope to make a lot of them!.
May 14, 2016 at 00:15
mnierop posted:
I took a short after a nice engulfing bearish candle tuesday morning, it went my way quite a bit but on wednesday night it went up again, and the BOE news on thrursday was the final verdict, it spiked up and took my stop.. to fall back down not long after that!
Now waiting for a solid signal to short again..
Long term I do not agree that the GBPJPY will be bullish, in fact the BOE chairman Carnegy even warned yesterday the GBP may get a lot weaker the coming weeks before the BREXIT vote on June 23, If the polls keep showing a neck to neck race between In or Out of the EU.... beside that, markets show more and more a Risk Off sentiment which should make the JPY stronger.
So no way I will take any longs on this pair! or any GBP pair
Probably wise.
Membre depuis Oct 11, 2013
posts 775
May 16, 2016 at 04:11
The bearish trend may continue on the GBPUSD, but the 1.4300 may act as support. If price breaks above the 1.4400 level, then the 1.4500 level may act as resistance.
May 19, 2016 at 06:26
mmafxbook posted:
Fellow traders,Base on TP review analysis my TP for GBPJPY after the positive BOE rate decision today is no longer 169.71 but 165.82 God-willing.Except for counter traders,we should be buying low now rather than selling as the trend as reversed convincingly from short to long ditto other GBP pairs too such as GBAUD,GBPNZD and GBPCAD in my view.
Frends,GBPJPY is trending powerfully as I opined above.Though,it is bullish trend till 165.82 as suggested above,sometime we get good signals for those who do not mind counter-trend trades.
God-willing we should share one or two entries and exits with the forum later today.
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