I'm thinking I will have time to write a book before GBPJPY breaks out. I think I'll call it 101 reasons to be bullish on GBPJPY Here's another one... When we had that dip in price on H4 chart on 9/23, it came right back up with a strong bullish ...

GBP/JPY

H1 chart posted above. If you're risk averse you could put SL below the last hour pin, or under the prior engulfing. But you'd need to watch it hour by hour, maybe take profit at the horizontal resistance. Of course, I 'm more long term, and looking ...

GBP/JPY

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GBP/JPY

Low risk buy opportunity, as price seems to be rejecting/bouncing off the bottom trend line it has been following...

GBP/JPY

Also, I think above is typical with strong uptrends, as they consolidate, which is why I'm afraid to trade against them until I know for sure they are done...

GBP/JPY

Easy to over-analysize when you are waiting for something to happen, at least for me anyway... Here's an H4 chart, and notice how many times the upper trend line has been broken, and a new one needed to be drawn. Whereas the bottom trend line has ...

GBP/JPY

Ha, ha, we can agree on that

GBP/JPY

I agree that could be a sign of future possible reversal. But I believe confirmation is needed for any sort of reversal with such a strong up trend, and breakout on the weekly chart. Also, depends on if you trade the NY close charts or not. On my ...

GBP/JPY

Well, not sure if most who are reading this thread are scalping or in it for a little longer term, but if you look at what the price has done so far this week, it is clearly moving up (been moving up since last week). You can see the higher lows ...

GBP/JPY

Okay, I'm bored waiting for something to happen Maybe when Asia joins the party, we'll see a strong move... Until then, here's something else to chew on. If you draw a line at the weekly high/low, and at the 50% level notice how the price has ...

GBP/JPY

Also, if you look at the H1 chart, note some bullish pin bars that occurred in the support area. And although I also love trading the H4 chart (also shown below), I don't think it shows any valid trades right now, but just inside bars...

GBP/JPY

I agree with Maxim... I'm still bullish... I'd need the price to show me that it is comfortable below 177.50 before I'd be comfortable going short. Next, I'd need to see how it reacts to 176.72 So far over the past several days, the price has shown ...

GBP/JPY

I'd recommend buying at the bottom of the channel, and TP if you want at the top. Very low risk trades, if you watch for pin bars or engulfing bars near the channel edge. I'd not recommend shorting this pair at all right now though... So, the 2 ...

GBP/JPY

Both charts above are H1

GBP/JPY

I was overanxious yesterday with my forecast of a 100 pip rise, as it only went up 50-60 pips before pulling back. But it is still following an upward trend, if you look at the channel that has formed over last few days...

GBP/JPY

If you look at the bottom trend line above, it has respected it and followed it for days, making higher lows. The top is not so clear, in terms on whether it is coming down, or just beating against resistance. There is more of a straight line for ...

GBP/JPY

A really good long entry point right now in my opinion for a 1:6 risk/reward.

GBP/JPY

wow, no matter how many times I try not to do it, I end up burning my eyes out on the lower time frames, i.e. the above chart was a M15... Hats off to all of you who trade on those lower time frames, I just can't do it, as it burns me out. Glad I ...

GBP/JPY

I'll be looking for a about a 100 pip move before it takes a breather, then reassess... I'll feel safe in my analysis as long as it stays above and/or continues to reject the bottom trend line on its move up. Of course for starters it has to confirm ...

GBP/JPY

Opened on a gap down of over 30 pips, and very quickly filled that gap, and continued up. The fact that the gap was filled so quickly and offered no significant resistance tells me the pair is ready to move up. But then again, my bias is long, since ...

GBP/JPY