Maybe he thought ranging pattern? ... My broker's MT4 is down for 25 minutes already, grrrrrrrr....

GBP/JPY

Price hit 153 EMA on 15M chart, double bottom on 1H and maybe even on 4H chart coming up. My view is still unchanged. We'll see what NFP brings.

GBP/JPY

yep, i,ll go short at 130.5

GBP/JPY

I agree Mpt, look at the momentum on all time frames. I would say we'll brake up.

GBP/JPY

Price found additional buyers, first yesterday on 15m chart price bounced of 53 ema nicely, today bounce of 20 ema on 1h chart. Descending trendline coming down, carefully there!

GBP/JPY

Price tried to brake the Dynamic support I talked about earlier but looks like it failed (for now). We got 15M Bearish Pin. This might be the end for Bulls for now...

GBP/JPY

They say market is always right, it is a waiting game. SL to break even and wait for the market to speak. It is also important somewhat that it is the end of the month and some traders will take profit, so we might get irrational moves of the Price.

GBP/JPY

I agree, those interventions were short lived...maybe they learned something through the years and will do interventions differently...maybe they did not. It is different culture...

GBP/JPY

1H looks like triangular formation. We'll see how 4H candle will end.

GBP/JPY

From Financial Times: "Panasonic warns of second $10bn loss" Many electronic companies in Japan are suffering from the strong Yen, so I expect Japan to fight for the currency. UP UP UP!

GBP/JPY

Price hit 512 EMA on Daily chart to the pip. If Price brakes this Dynamic Pivot (I believe it will since Price recently already broke it) we'll see Price hit yellow Descending Trendline. Should the Price brake this one, too then upper Trendline of ...

GBP/JPY

If someone is considering selling at 127.8 please be advised, 4H chart; 53 EMA is in that area! Price likes to test this EMA and then shoots in the other direction! Please see the chart! (Of course I can be totally wrong, I am just telling my view)

GBP/JPY

Yap, Price hit 50% and a bit more, tested 20 EMA on Daily chart and if it closes here in this area we'll have Bullish Pin Bar of the 20 EMA. Carefully at the Descending Trendline, but if we crosses it then maybe we'll finally hit upper Trendline of ...

GBP/JPY

[quote=zephyru;6132232]yup, i was day off!! Great! See you guys next week, I am going on a holiday!

GBP/JPY

Maybe even sooner then Friday, from Financial Times: Cameron hints at 'good' GDP figure David Cameron told the House of Commons on Wednesday that "more good news" on the economy was imminent, raising expectations that Thursday's gross domestic ...

GBP/JPY

Looking at the 4H chart it seems to me like price made a sort of reverse HS formation or W, while Big brother move made an M earlier. It looks like price is leaving the decision making zone. Going for possible 500+ pips? edit: Of course, breaking ...

GBP/JPY

What if price just tested the 127 and is heading toward the upper trendline of the channel?

GBP/JPY

No, i doubt. Fundamental news were green after price bounced strongly from support 127.3, made a new high and pased resistance. Price is testing now 127.8, i assume it going to hold.

GBP/JPY

127.8 maybe the end for the bulls. This can go down a lot if support won't hold...

GBP/JPY

Thank you guys (for 100) ... I like my brokers (fxpro) daily brifings. One of the things they said today: GBP: The minutes of the MPC meeting have the potential to soften sterling if there are more signs that members are looking to extend QE; the ...

GBP/JPY