I'm not convinced, I think shorts are still in play unless GJ breaks last high of 131.40 Not easy to trade this beast

GBP/JPY

We should see some resistance in the area of 130.00 to 130.20

GBP/JPY

Weekly - A bearish candle close below 132.00 level after 6 weekly candles failing to do so. Daily - Daily candle closed below 130.50 support area. 4H - Price is below 50ema, gann hilo. Everything is looking bearish to me as long as price remains ...

GBP/JPY

I'm not worried about that, grab the pips either way it goes. If today's candle closes like a pin bar, manage to close above 131.80 area and daily gann in coming days then we shall see 134s and higher by next week or so.

GBP/JPY

Agree, if today's low is not taken out, then first retracement is 131.30 area and if 131.80 is broken then I'll consider it a reversal.

GBP/JPY

I've closed most of my shorts, I don't like the doji candle on the 4h.. Protect profits

GBP/JPY

Good stuff You've got to stick to your plan and have patience for it to play out, it will not always go our way but hopefully most of the time it will.

GBP/JPY

I would consider going long anywhere between 128.50 and 126.50 which are the 61.8% and 78.6% Fib levels on the daily, ofcourse after getting reversal PA in that area.

GBP/JPY

1st target 2nd target here we come

GBP/JPY

Pop in some more patience pills As long as price remains below Daily and 4h Gann, 3rd target could be 126.50 area. Lock in profits because this beast can go wild if it wants to..

GBP/JPY

Consistency is the key

In FOREX, is 10% return per month good enough?

1. Trade smaller lots. 2. Experience.

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Price has stayed below 132 which is key, no signs of reversal so the bear train shall resume

GBP/JPY

The pills are working on the 4H, QQE has crossed downwards, closed below gann hilo and 50ema, all strong bearish signs to me.. My 1st target is 130.50 and 2nd target is 128.50 area.

GBP/JPY

As long as it doesn't break today's high, then it is making the right shoulder of the H&S on the 1H. Stick to the plan & take some patience pills If it doesn't go well, we get up and look for the next opportunity.

GBP/JPY

I'm going to jump off a tower

GBP/JPY

It has picked me up, you may drive it south now

GBP/JPY

Looks like H&S in the making

GBP/JPY

Waiting for a proper 1h candle close below 132.20 to 132.40 area before going short, otherwise will wait and see because it could otherwise go up again to next resistance level at 133.50 area.

GBP/JPY

Weekly - last three weekly candles failed to close below the 132.00 support level. Daily - broke below 132 but quickly bounced back off the daily support area of 130.50 to 131.00 4H - Price is close to 50ema and above gann hilo. I see 2 scenario's ...

GBP/JPY