please keep posting. Appreciate other views... And don't mind strong opinions at all... When I get back to my computer I will post my view on using volume indicators and feel free to respond...

GBP/JPY

Hmm... Unless we have an hourly candle close that tells something different, it look to me like we're headed back up to Monthly/Daily pivots...

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Also, right now, stuck between the 1 and 8 hour average, i.e. around your 175 resistance... If it breaks out on the downside, might be a low risk short trade...

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Looks like we're on the same general page, in terms of where we think the price might go if it continues to drop. Are you confident enough to look for long entries around the green line? Or just looking to TP on short positions and wait to see what ...

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Watching a little bounce now... Will look for a rejection of 175.15. If so, will look for a drop to 173.62. If an H1 close above 175.15, will wait and see if it heads back up to 175.971 (Monthly Pivot)... Afraid of long trades right now, unless I ...

GBP/JPY

XNAdam - thanks for sharing. I like the simplicity of your analysis and chart. So, are you more of a long-term trader? I was trying to hold long-term, mainly daily/weekly. But I don't think I can do it, as I lost patience, and jumped back in the ...

GBP/JPY

near term, looks like more to fall. What kind of targets are you looking for on this free fall? Seems like maybe to 173.286ish and if it falls through that, then 170.09ish?

GBP/JPY

Rough day for the bulls. Pull-backs can be brutal

GBP/JPY

Something else to note, is price is moving up as it seems to be respecting an upward trend line (shown on H4 chart attached) that hasn't been touched in a couple weeks. Will be more comfortable if we see 4 hours of upward movement, though. But ...

GBP/JPY

Coldn't close above the last hour's candle, so not sure how confident we can be with long trades, but price continues to trade just above the hourly average, so it hasn't decided to turn back down, yet...

GBP/JPY

Price is trading above the hourly average for the first time since downward move. Might be headed back up to test the daily/weekly pivots...

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All sounds reasonable to me. I'm already in long, but I'll look to add to my positions when I see a bullish candle on the H1, since we are in a H4 demand area until it drops below the last swing low of 176.627. If it drops below that last swing low, ...

GBP/JPY

But, still in a heavy demand area. I'd not be shorting yet...

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Or, if it closes below the bottom trend line on the H4 chart in 20 minutes, maybe time step aside and see what happens...

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Good for a 60ish pip TP with a 10-15 SL, or even less of an SL as I type this, it would be 1:10 R:R now. Watch what happens, if the price touches near 177.347. We may see a lot of buying...

GBP/JPY

Yep, I understand why you'd say that... But a buy right now is a 1:5 R:R according to the channel/range it's been in... As long as it doesn't dip below 177.347, and even if it does, one bullish candle on any time frame below the H1 could send it ...

GBP/JPY

My problem is, I can't stop watching the H1 chart Looks like a good buy shaping up at the bottom of the range/channel...

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Yes, I originally had intended to stay in this long-term on the weekly time frame, as I share your view of the upward potential on the W1 chart. At least 3000+ pips...

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I wanted to add a word of caution to my prior post. We are at a critical point with the price, as everyone no doubt realizes, which is why few agree on price direction. You'll notice the daily and weekly pivots are really close together. If price ...

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Here's a thought... I'm anticipating a break-out just as much as anyone, however, I'm not so sure I really need it to "break out". Price has been moving up since it opened at the beginning of the week almost 100 pips from the gap down, and 50 pips ...

GBP/JPY