monarch I think that muscle maybe the US news... If the dear old lady does not move before NY open iam out of here...... Going to go to bed at a reasonable hour for the first time this week...

Daily GBP/JPY analysis

Plain and simple Guys theres no trade.......Dont trade for the sake of tradeing......

Daily GBP/JPY analysis

Iam thinking its all waiting for the US news......Typical Friday......

Daily GBP/JPY analysis

And if you want it by the book we wait till it has passed the low of the last candle, which will form a line across the last two lows of the day....

Daily GBP/JPY analysis

No it needs to fall at least 50% of the previous candle to confirm a down move....and we wait for auslanco to confirm..

Daily GBP/JPY analysis

monarch Yes i see ...the engulfing one...

Daily GBP/JPY analysis

monarch Yes I see the Head and shoulders on the 1hr, that was formed 4 hours ago...

Daily GBP/JPY analysis

auslanco thats the 5sma area....same as the U/J...

Daily GBP/JPY analysis

monarch are you useing the 5sma as resistance..118.90/95.?

Daily GBP/JPY analysis

The way I see it G/Y needs to clear 241.40 and hold to confirm a fall.. Thats my view for what its worth..

Daily GBP/JPY analysis

I need to sleep before next week....LOL

Daily GBP/JPY analysis

at least my Gu is screaming away...lol

Daily GBP/JPY analysis

auslanco 30 chart pips..here... thanks mate

Daily GBP/JPY analysis

monarch Thanks.. Glenn

Daily GBP/JPY analysis

monarch Whats your target for U/J ....117.90.... Glenn

Daily GBP/JPY analysis

entered at 242.06..

Daily GBP/JPY analysis

I would say we are waiting for the next 1 hr candle to open....see if it opens below the last low point.

Daily GBP/JPY analysis

nope..waiting now...

Daily GBP/JPY analysis

Range bound is the highs and lows of yesterday or the range its been in for a while..

Daily GBP/JPY analysis

It was with the trend..... I would not enter a against the trend with the G/J...man that lady can bite..... She's taken a few $k off me before....

Daily GBP/JPY analysis