Thread: Dragon Riders GBP/JPY

lol, go bears go!

Originally Posted by ;

heading down to 152.00

This will be 3rd times price attempted to violate level 152.00 or more particular 152.17... Expecting before market close. . Bearish CS close below 151.96. .Then my next target is 149.44

Originally Posted by ;

quote This will be 3rd times price tried to break level 152.00 or more specific 152.17... Expecting before market close. . Bearish CS close below 151.96. .Then my next goal is 149.44

At 151.3/150.9 convergence of support. Split under there for 150.2/5 fundamental pivot area. Below 149.4 confirms down in change to 143.3. Bounce there could only retest 150.3 (by subsequently spelled tl 156.3/153.8. That would suggest a streak back under 135 and straight back to my least favourite place of 131.5. The central pivot area must hold to keep any chance of bullishness (if there's such a word), otherwise the whole 4th wave move ended at 156. Same is true for gbpusd, with a 38.5/50 movement from 170x finishing a corrective movement. Interesting times.

Additionally, the 2013 consolidation (at the end, having been to 156.5, based a middle price of 151.3 and an ordinary top of 153.8. Although we have no idea where we're at in that event. At the last phase, it dropped to 150.4 before healing back to the mean.

Guaranteed to hit on 150.500 area

Originally Posted by ;

Guaranteed to strike 150.500 area

I didn't think it would break out under 152.00 but apparently that's not the case. You are probably perfect.

Originally Posted by ;

quote Daily bearish for two days now and fighting for a 3rd which is bouncing at support level. Bears winning so much but I see momentum. We ought to be able to see around 151.75 when it continues going lower

As usual, GBPJPY has a higher volatility than many. Breaking way under 151.75

I visit previous resistance turn support level approximately 150.4 to 150.7, curious to see what happens here, if we get a bounce on daily MA to retrace a bit or just push straight down

I am selling this pair, testing my may, mortal kombat with my trading account

And today Amounts are brought to you by the numbers 1 5 1 and Two

It rebounded from 150.60 and I believe it can rally to 151.55 soon.

Originally Posted by ;

quote As usual, GBPJPY has a higher volatility than most. Breaking way under 151.75 I see preceding resistance turn support amount around 150.4 to 150.7, curious to find out what happens here, if we get a bounce on daily MA to retrace a bit or simply push straight down

We exploited 150.7 and obtained a small bounce here

Daily PA bouncing off the MA, possible bullish return up to around 152.1 or more to 153.6