Thread: Dragon Riders GBP/JPY

Potential long setup
3 rising valley setup

And over about 150 it acts retarded. The stochastic, BTW, after two weeks of highs points down. It's going to require a bullish move to change things. Start of day it woke up into the daily ichimoku cloud. It is still possible to deny. The daily still is apparently operating a top. But that could change.

I think that it may return to 149.65 before there is another move north.

Originally Posted by ;

I think it might return to 149.65 before there is another movement north.

I really do not know. The tops have been pretty easy to forecast, the bottoms have, within reason followed supports, albeit sometimes but that this movement could complex. One of my analysis charts I did a couple of days ago indied a marginal new high subsequently basing above 149.5.

Originally Posted by ;

quote I really don't know. This movement could more complex although the shirts have been easy to forecast, the bottoms have, in reason followed before supports, albeit with overshoot. One of my analysis charts I did a couple of days ago suggested a marginal new high subsequently highlighting over 149.5.

To me it seems like she needs to split around 151 and test the levels there. Im falls and bounces out there.

Originally Posted by ;

quote I truly don't know. The shirts have been easy to forecast, the bottoms have, within reason followed supports, albeit occasionally with overshoot but this move could more complied. One of my analysis charts I did a couple of days ago indied a marginal new high subsequently basing above 149.5.

We'll see. It undecided as you said west, but although I still think we may see another pullback prior to a move north.

Frankly, 150.8 ish that the best decision ever made. . .or the worst. I won't engage until 151 is taken out again, although I'm on the side above and up to return to 195.

It's rallied past 151.00 and that I wouldn't be surprised if we see it hit 152.00.

Technically GBPJPY is really on a northward mode but we might expect a pullback into an ascending trendline (black) on the D1 period frame or a direct service on an intraday chart like the H4 period frame.

Trade thrive and safe.

KP

Attempt 157/158.5, drop back to 154 ish. Would be delighted with target circa 173. So long as 151.4 isn't some sort of false fracture - unlikely now that it is at the climb and the weekly gann has flipped. However, 151.5/6 yet to go