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- dianajs replied Feb 16, 2018
The pullback was temporary. The pair is rangebound at the moment and I think it may continue depreciating.
Dragon Riders GBP/JPY
- dianajs replied Feb 15, 2018
In the end it rebounded from 147.91. Clearly a correction has begun, I think next target will be at 150.00 - 150.60.
Dragon Riders GBP/JPY
- dianajs replied Feb 14, 2018
It turned out to be a false signal, the depreciation continues. I think it may break out below 148.00.
Dragon Riders GBP/JPY
- dianajs replied Feb 13, 2018
It tested the low at 148.90 for a second time so it may be forming a double bottom, which mean that we should expect a correction soon.
Dragon Riders GBP/JPY
- dianajs replied Feb 12, 2018
The pair is still bearish today, I think it is still too early for a long but it may be too late for a short too.
Dragon Riders GBP/JPY
- dianajs replied Feb 9, 2018
It did go there, but I am not seeing any signal for a rally so far.
Dragon Riders GBP/JPY
- dianajs replied Feb 8, 2018
Check the H4 time frame and you'll see the triple bottom at 151.25. Whether it was because of it or because of the BoE rate decision the pair rallied today.
Dragon Riders GBP/JPY
- dianajs replied Feb 7, 2018
We'll see, so far it's just formed a triple bottom above 151.25 which is not a good signal for a depreciation.
Dragon Riders GBP/JPY
- dianajs replied Feb 6, 2018
It did fall to 152.00 as I thought it would, although I closed the short position higher than that.
Dragon Riders GBP/JPY
- dianajs replied Feb 5, 2018
I opened a short position at 155.00 last night and I am considering whether I should close it now or keep it open on a more long term basis. It may reach 152.00.
Dragon Riders GBP/JPY
- dianajs replied Feb 2, 2018
I am thinking about opening a short too but so far I am not seeing a good entry.
Dragon Riders GBP/JPY
- dianajs replied Feb 1, 2018
Do you think we can expect any kind of correction along the way?
Dragon Riders GBP/JPY
- dianajs replied Jan 31, 2018
I meant in the short term. The long term one is obviously bullish.
Dragon Riders GBP/JPY
- dianajs replied Jan 30, 2018
It is definitely downtrending but every trend has its corrections like the one we are experiencing now.
Dragon Riders GBP/JPY
- dianajs replied Jan 29, 2018
The correction may turn out to be deeper than I thought, the pair could reach 152.00.
Dragon Riders GBP/JPY
- dianajs replied Jan 26, 2018
The drop we saw was a temporary correction, I think it will continue moving north.
Dragon Riders GBP/JPY
- dianajs replied Jan 25, 2018
154.80 or 155.80? Because it reached 155.80 already.
Dragon Riders GBP/JPY
- dianajs replied Jan 24, 2018
It's certainly bullish still. I think it will reach 156.00 by the end of this week.
Dragon Riders GBP/JPY
- dianajs replied Jan 23, 2018
It pulled back from 155.40 although I think that is only a temporary pullback, the upward trend isn't over.
Dragon Riders GBP/JPY
- dianajs replied Jan 22, 2018
It did resume its bullish movement. Thankfully I haven't opened any shorts, but I missed the moment to open longs too.
Dragon Riders GBP/JPY