A classical pump and dump at NY open maybe, in order to break 139 level ?...

Dragon Riders GBP/JPY

Uptrend channel on H4 also broken, which confirms bearish bias.

Dragon Riders GBP/JPY

We are now on an important fibo level (61.8) on the daily chart. If broken, next bigger support on the graph is around 134.30. Of course, it might take some days or even weeks.

Dragon Riders GBP/JPY

The trend seems now very bearish. We could head towards 134.30 following the extended stop hunts from yesterday.

Dragon Riders GBP/JPY

Some nice moves these days

Dragon Riders GBP/JPY

This might have been the beginning of a beautiful trendship.

Dragon Riders GBP/JPY

Looks like 140.80 acts as support and might be tested several times, there should be some sideways moves. If today closes above this level, GJ could retest 142 area (wekly high) again this week. Next target is 143.50 area, an important resistance. ...

Dragon Riders GBP/JPY

If 140.80 does not hold, this should be next stop.

Dragon Riders GBP/JPY

140.80 looks key point, it could reverse from there IMO

Dragon Riders GBP/JPY

This looks rather like a stop hunt, could quickly reverse...

Dragon Riders GBP/JPY

Looks like bullish sentiment has created, but 139.85 still a possible target for the week IMO. From there it could go either way.

Dragon Riders GBP/JPY

Wow, that's a very thorough prediction Nice one. I think we could go as low as 141.15-141.25 than big bounce up.

Dragon Riders GBP/JPY

Important Long levels: 143.7, 148.5 and then a strong resistance at 154.20. On the short side 139 seems a key support.

Dragon Riders GBP/JPY

GU might climb upto 1.2650 today before correction, IMO

Dragon Riders GBP/JPY

So, there we are. It took exactly 1 week from 143 for this TP target to get hit (~400 pips), not a bad profit at all. If the momentum gets strong enough during asian session, I expect next target: 134.10 by the end of week.

Dragon Riders GBP/JPY

I think that after we test 139 area, if this support does not hold, we could go to 132.5 in a matter of days.

Dragon Riders GBP/JPY

My FXCM chart looks fine

Dragon Riders GBP/JPY

From a Fibo perspective we could see 139.07 touched in the next few days, unless the uptrend is powerful enough to resume move toward 150.

Dragon Riders GBP/JPY

I would keep an eye on the cable now. A quick ~200 pips or more upward move may happen IMO.

Dragon Riders GBP/JPY

I think it is possible to go as high as 154 (equilibrium level before brexit), with small corrections of course, as long as demand outpaces offer But we only can speculate...It could go down anytime as well.

Dragon Riders GBP/JPY