Thread: Dragon Riders GBP/JPY

I've yet to shut my long but I've decided that if it does not reach 152.00 ahead of the market closes tomorrow I will not keep it open throughout the Christmas holiday season.

Originally Posted by ;

I have to close my long but I have decided that if it doesn't reach 152.00 before the market closes tomorrow I will not keep it open throughout the Christmas holiday.

I am no sure if it is a fantastic idea maintaining any long for this pair, once USDJPY started a potential reversal pattern to 110.x place.

Hi guys!)
USDJPY certainly can't be ignored, right?
So, this is my analysis for USDJPY on 2D chart.
Based on this analysis, which is valid only if USDJPY doesn't break on peak of the suggested falling channel, we could consider:
(1) to get a weak GDP, GDPJPY will crash ;
(2) strong GDP, this pair will be ranging (small shorts and longs);
(3) that range GDP, GDPJPY will go down anyway.
I hope you enjoy it and Merry Christmas.

The current bullish impulse seems to end so if the price is set to Shut on H1 timeframe it may be intersting to Search for bear signals

Originally Posted by ;

quote I am no sure if it is a good idea keeping any long for this pair, once USDJPY began a possible reversal pattern to 110.x area.

There's no reversal on GBP/JPY however but the pair is range-bound due to the holidays and that I did end up closing my position. It is pointless to wait around in the present time for it.

Looks like a sell prospect

Originally Posted by ;

looks like a good sell opportunity

It does seem that way. I will short after the vaions.

As we thought the pair is at least vaguely bearish. There is not enough volatility to start a short.

I sold from 151.3 since I'm mad

stop 153, goals 150, 147.9, 147

Originally Posted by ;

I sold from 151.3 since I Am crazy stop 153, targets 150, 147.9, 147

Good call#129325;