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Thread: GBP/JPY

  1. #11
    Oh look, price landed. What a surprise. NFP tomorow can induce price .

  2. #12
    Quote Originally Posted by ;
    The way I see it... simplified. . .price is coming to an interested intersection. Should it cross the lower Bullish Trendline then it may cross the lower Bearish also. Should it rebound from it, then we may view price going toward 127.00 (especially if BoJ would intervene, I would say this wold be the destination). No longer trades from me this week, it's just to mad with of the news. I would hit TP today but I closed the commerce 40 pips earlier. Crazy market.
    Great analysis, the TL maintained and we had 88.6 percent fibo retracement, tomorrow's mad friday and whatever is possible.

  3. #13
    1 Attachment(s) If I may say a few things...I don't wan't to hijack the thread

    You will find two Trendlines in Descending station, first one which was broken a few days back, and I believe the next one, that's more parallel to the Lower descending trendline and might be significant in next days. Price only went North until the first one. Accidently from the proximity was one of the 4 very important EMAs for this pair, The 20 EMA.

    Price action now is Bearish Pin Bar, but as it's inside of the Price traffic it generally has the inverted significance. As it was stated, tomorrow is a NFP and anything.
    https://forexintuitive.com/discussio...3-trading.html

  4. #14
    Quote Originally Posted by ;
    If I might say a couple of things...I do not wan't to hijack the thread

    There are two Trendlines in Descending station, first one that was broken a couple of days back, and I feel the second one, that's more parallel to the Lower descending trendline and might be important in following days. Price only went North until the initial one. Accidently from the proximity was among the 4 extremely important EMAs for this pair, The 20 EMA.

    Price action today is Bearish Pin Bar, however since it is inside of the Price traffic it usually has the inverted meaning. However, as it...
    That is everybody's thread, every analysis of GJ is welcome, thanks for sharing with us

    Let us wait n watch what NFP brings. .

  5. #15
    Salam bro
    I have been sent you a message at the moment, did you get it?

  6. #16
    NFP was great to us now, not too crazy up down lol

    The TL held nicely and GJ bounced and we've got a 4h close above 4h gann hilo and 4h QQE cross upwards, there is great momentum upward towards the 61.8% fibo, would love to see a close above the daily 50ema (green line) because it's been a tough resistance to cross because beginning of May.

    http://img11.imageshack.us/img11/9701/45442061.gif

  7. #17
    2 Attachment(s) Where the price is going (my opinion):
    On the Daily chart we needed an extremely Bullish Bar, many times following day we see some return to approximately one third or even half of the Tavern. In this case I would like the price to come down a little and test the Trendline since it closed over it and right at 20 EMA. In case the test will probably be OK then we have yet another Trendline to cross. Early entry could be 122.2 - 122.3 place with 25-30 pip SL however, it al depends where the price is going to open and how it will behave.

    On the Weekly chart we have yet another Bullish Pin pub, exactly like the week before, except this week's one may likewise be called Inside Bar. Considering that the price does not really have a momentum nonetheless (the large motions were caused by intense news events rather than by momentum itself) we can not be positive price would fly North. It is quite possible to get a second Inside Weekly Bar. If however price will fly away North from 122.2-3 area then usual GBPJPY Weekly move of 230 pips could property at 20 EMA Weekly chart, at 124.7 area.

    That is just my opinion, I'm not giving any type of signs and I never will, everyone must decide by themselves how to trade and everyone has to take responsibility for himself.
    https://forexintuitive.com/discussio...-news-***.html
    https://forexintuitive.com/discussio...goin-live.html

  8. #18
    We only had a 38.2% fibo retracement from last months rally and price retraced down to daily 5sma and DP, price remains over 4h gann, daily gann, and 1h/4h 50ema, all good indiions of bullish continuation but who knows. . If 1h QQE crosses back upwards and we receive a 1h candle near over 1h gann hilo, I would anticipate price to go up to 124.50 atleast

    http://img809.imageshack.us/img809/8443/33748246.gif

    Trade at your own risk!

  9. #19
    Huh, we just had 61% retracement Karmostaji, can it be true that with such big retracement we usualy get big move in the oposite direction?

  10. #20
    Quote Originally Posted by ;
    Huh, we just had 61% retracement Karmostaji, can it be true that with such large retracement we usualy get large movement in the oposite direction?
    It's nuts lol, to be honest with you, I really don't enjoy this Massive retracement we just had, I do not understand what to expect now, gotta wait and watch GJ see-saw

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