Thread: Dragon Riders GBP/JPY

Just an interesting observation:

Yesterday's daily pivots were just, but just (a pip), the same as today's daily pivots. Never come across that does this mean anything?

Originally Posted by ;

Just an interesting observation: Yesterday's daily pivots were exactly, but exactly (per pip), the same as the daily pivots. Never come across that before?

Only means it stood @ went nowhere. Like holding down a rocket on the pad. Anticipate a retest around 151.1/two before higher

I believe it might reach 152.00 before it begins a correction.

It looks like she wants to split. The longer its hold down in my opinion the rip up will probably be stronger.

Originally Posted by ;

Hi, new to FF. I exchange GBPJPY . Looking at the daily. A lot of ppl still bullish in the current trend. Understandable because its current and easy to see. I believe its going back towards 145.5 soon though. Market volitility will create a lot of need for the Yen. Therefore it won't take much UK negative news for the.

Im with you at gj short side too.

I am sitting here waiting for even lower or 148.

Originally Posted by ;

I am sitting here awaiting 148 or lower.

Wouldnt that be nice !

Originally Posted by ;

I am sitting here awaiting 148 or reduced.

you're not alone.

I am able to see a pullback to 151.50 and continuation heading up. However im frequently wrong hahaha

Can only draw elipses. Cup/handle structure. Handle retraced 38%. Currently at 50 percent the cup up formation. Blue line is up followed by any split. Failure means cup. Split should finally retest falling line following increasing to about 158.5 or so. Upside target is thickness of cup, referenced at closing retest, break applied from that point. Initial target 175/178 place before finally over 196