Thread: Dragon Riders GBP/JPY

Originally Posted by ;

quote It did move there, but I am not visiting any signal for a rally up to now.

U were correct.

The pair is still bearish today, I think it is still too early to get a long but it may be too late for a short.

It analyzed the low at 148.90 for another time so it can be forming a double bottom, which mean that we need to anticipate a correction soon.

Originally Posted by ;

It tested the non at 148.90 for a second time so that it can be forming a double bottom, which mean that we should expect a correction soon.

I Agree. But who much correction is a significant question.

Originally Posted by ;

quote I Agree. But who much correction is an important question.

It was be a false sign, the depreciation continues. I think it may break out below 148.00.

Ultimately it rebounded from 147.91. Certainly a correction has begun, I believe next goal will be at 150.00 - 150.60.

Month and weekly wants down but Daily shows bullish doji which appears pretty good. May want to try a short term correction run to 151 before side that is down. Let's see

Subscribed with lots to learn. Thanks.
Was trading which fine pullback at GBPJPY, but chickened out (too soon).

The pullback was temporary. The pair is rangebound at the moment and I believe it may continue depreciating.

Building up energy (same spot for nearly an hour) to leap into R2: 150,44???? ?