Thread: Dragon Riders GBP/JPY

Originally Posted by ;

quote You mean, after the depreciation finishes?

152.900 already occurred. I am looking at 152.150 to get a possible retest down to 151.500

Got some textbook stuff going on here. Anything over 152.8, triangle break around 153.1/two. Diamond centre 153.4/5. Break 153.8 for 154.2/3. Needless to say must get over 152.8 first, otherwise under 152 , 151.6 or so comes together

It'd be nice to see 154 again.

Fracture level 151.96. . .price is anticipating down to 150.92

Originally Posted by ;

quote 152.900 already happened. I'm looking at 152.150 for a possible retest then down to 151.500

I see. I think that it won't break out below 152.00 for the moment though the pair rebounded from this level.

Sitting right now on my hands. Can't get a read on it

Bearish, it did not hold at higher levels and it is currently running out of steam

Or maybe taking a break to go higher towards 153.25-153.45

Heading to 152.00

Originally Posted by ;

quote That would mean large downside incoming. Let us observe. Interesting to understand how others depict this too

Daily bearish for two weeks now and fighting for a 3rd which is rebounding at service level. Bears winning so far but I see momentum. If it proceeds moving lower, we should be able to see about 151.75