Yap, Daily chart ended as a Beaish Outside Bar. They usually retrace, but since this was a (61.8 fib) retracement it might not retrace much.

GBP/JPY

4H bullish momentum is disappearing for the time being. We are under the previous trendline. Possible 100 pip channel. We only had weekly move of 111 pips, so... Good luck!

GBP/JPY

Huh, I was long for 2 weeks and a half with the same or higher TP. Now selling it. If price stops here where we are we'll have Bearish Outside Bar on Daily chart. I don't think there is much chance to go up this week. If price brakes 123.7-9 area it ...

GBP/JPY

But that's the catch, I can's see any news at that particular hour!

GBP/JPY

Thank you! However, what I am trying to ask is what is the reason, that all the JPY pairs fell quite a lot 2 hours ago, but USD didn't? Did traders move funds to JPY and to USD at the same time, so that's why USD was not affected with another fall ...

GBP/JPY

Does anyone know why sell off on eurjpy and gbpjpy but not on usdjpy?

GBP/JPY

Bullish Pin on Daily chart, but this Pin is directly below the traffic zone...we'll see.

GBP/JPY

1H chart possible channel down. Is very small channel of only about 75 pips, so price should brake it one way or another soon. Since yesterday price couldn't climb back to the trendline above at the day's closing hours I would say bears are wining ...

GBP/JPY

Yeah, it appears as it want's to go down, it even maintains 1H momentum down, but it is still stuck to the proximity of the recent trendline, so my view is still bullish (after last week bombarded with awful speeches and a bunch of bad numbers, pair ...

GBP/JPY

125.8 or 124.8 and would you explain why?

GBP/JPY

We had scary speeches and bad data, yet Price got back up in the range again. Possible Triangular formation.

GBP/JPY

Of course not, why would they? I just made an observation on the pair in a funny way. I am known however as a guy with the strange humor.

GBP/JPY

Triple Bottom against Double Top ...maybe...

GBP/JPY

Everything is possible in FX... Someone once said something like: Playing Price Action blindly in high momentum market will wipe your account.

GBP/JPY

Yes! That's exactly what I meant in some previous post when I said that Price doesn't move without EMAs as they provide liquidity.

GBP/JPY

Looking at the 4H chart we maybe had Bullish flag. From the start of the pole 123.00 till the flag is about 150 pips. If I understand the Flag concept correctly, you take another 150 pips above the Flag as a possible target, and that is 126.4 area. ...

GBP/JPY

No, for the start of the Weekly bar I would take 20 EMA Weekly which is almost identical to 153 EMA Daily (124.5 area). Price has a lot of obstacles on the way up, I have no idea till where it is about to go, we almost hit 53 EMA Weekly at 125.5. If ...

GBP/JPY

No, the color is right, I corrected myself. My native language is Slovene so I have problems, too. Big traders that move the market make decision where to go with the Price. You need to follow them and not blindly follow the news. Good ...

GBP/JPY

I think there is a mistake in color, as Public Sector Net Borrowing; if Actual is < then Forecast then it is good for currency. Or am I interpreting this wrong? Edit, nope, I am wrong:A positive number indicates a budget deficit, a negative number ...

GBP/JPY

I frequently check how many people are going Long/Short, yesterday on this pair there were 8.5 Lots going short, today we still have 6.2 Lots. I wonder where they have their SL and what is their reason?

GBP/JPY