At the post 64: url I projected 3 TP levels, second level got hit today. 153 EMA on Daily chart is major EMA. Should the price cross it today/tomorrow then there is reasonable possibility for the price to hit 127 area.

GBP/JPY

Pair is climbing steadily for the whole week. We had good news for GBP today. Pair rejected the 4H Trendline with the Bullish Pin, price is climbing above this Pin... Why do you think it will drop 160 pips? The only obstacle I see is 20 EMA on ...

GBP/JPY

Are you satisfied with the Price Action at the Trendline?

GBP/JPY

I would still say mid term target (next week or week after?) is 126.7 area. Not sure. If it crosses 124.5, then 125.6...

GBP/JPY

Reason? We'll have Retail Sales in 45 minutes. Are you saying you have info that retail sails will be red numbers? With Olympics in place the sales dropped?

GBP/JPY

Hello guys, I was in the mountains today, I see you had a nice discussion day. Looking at the Daily chart it looks bullish to me, so I'll maintain my long positions. 124.7 as the end of the week target seems very probable to me.

GBP/JPY

"to drop" is a wide term. If you are you are satisfied with 15-20 pips, then yes, it might drop, but looking through wide angle lens I highly doubt. It crossed the Descending channel. Read the rest of the posts here and you will understand signs. As ...

GBP/JPY

Yeah! I am using 4 EMAs for Dynamic support/resistance, the first one got hit, pair moved only 75 pips today, so there is still space to go North. Carefully at 127 area, Price might bounce and create Bullish channel.

GBP/JPY

Yesterday pre London open most of the pairs were red, today, everything is green. It looks like JPY is loosing strength across the board... Pix taken as a screenshot from finance.yahoo.com

GBP/JPY

Interesting, we got red numbers for GBP and green for JPY, yet the price is still moving up The investors have their own plans. Let us then follow them I agree there are several areas of traffic till somewhere around 124, after that should be ...

GBP/JPY

So we had 4H Bearish Outside Bar, usually price comes back to one third or even half of such bar. It did. Are we going to see another test of Trendline below? This is getting boring.

GBP/JPY

Preasure, preasure...Waiting for London open...Trendline doesn't give up, but Bulls neither. On 15M timeframe we have inverted Head&Shoulders of the 512 EMA, on the other side we have Double Top of the Trendline...

GBP/JPY

I agree with everything you said, good analyses! Whatever will be will be masive and volatile.

GBP/JPY

One observation... Historically speaking (if I calculated correctly) looking from October 1991 (20 years and 9 months) pair moved on weekly basis less then this week only 6 times/weeks. This week's movement was 151.5 pips. But, the day/week is not ...

GBP/JPY

And in another thread you wrote (at the same time): "hey all if u want to take gbp/jpy take it sell at 122.80 untill 121.79 stop loss 122.14 i took it at 122.79 my take profit is 121.79" So which one is it? Are we safe to buy at 122.50 or are we ...

GBP/JPY

ROFL, I just wanted to ask you, aren't you bored? Looks like your wish is coming true, clean breakout. My view on today's target 123.7 area, tomorow 124.8 area. I wonder if price will fly 1000+ pips in this month...

GBP/JPY

Price making higher lows is another bullish sign...we'll see...

GBP/JPY

For now Bullish momentum looks steady

GBP/JPY

Yap! I don't like the current situation on the chart, but it is still 3 hours until market closes, so we'll see... What does worry me is tomorrow's calendar: Tentative JPY Monetary Policy Statement Tentative JPY Overnight Call Rate Tentative JPY BOJ ...

GBP/JPY

... so it looks like it was a Bear trap...price up on BoE... almost peed my pants

GBP/JPY