Thank you Smikester I like your chats, the 38.2% fibo is 140 and 50% fibo is close to 141, and this beast always loves those fib levels.

GBP/JPY

I see.. I think GJ is looking to retrace to 141 area before resuming downards, but anything could happen with corona virus around and feds cutting rates etc..

GBP/JPY

Thanks, good to see you still here I hope the beast is still treating everyone well

GBP/JPY

Damn, it feels like it's been a few centuries. Hi

GBP/JPY

I see the same thing, expecting 137.80 area if we can break 138.90 support

Dragon Riders GBP/JPY

138.90 is a tough support to break it seems

Dragon Riders GBP/JPY

Hahahahaha this brought back so many memories

GBP/JPY

Patience

GBP/JPY

Patience is required...

Dragon Riders GBP/JPY

This is the dragon going on a rampage lol, not easy trading this pair

Dragon Riders GBP/JPY

How do you determine these levels?

Dragon Riders GBP/JPY

I think it shall touch 142.50 area and then either breakout to the upside or reverse back down.. it could get crazy today

GBP/JPY

If the TL breaks then we should see 137 area OR it could bounce back up off this TL

GBP/JPY

PA is all over the place but the TL seems to be holding for now..

GBP/JPY

Will it hold?

GBP/JPY

Fed Yellen made it a bit messy lol Yes it's looking to go higher now as long as 142.50 area remains as support.

GBP/JPY

Yep and now we have a close below 4h Gann and 4h 50ema

GBP/JPY

News & 142.50 is a tough nut to crack for now, looking for 141 support to break soon

Dragon Riders GBP/JPY

image

GBP/JPY

We had a bounce off the TL but I expect downward move to continue as long as price remains below 142.50 area

GBP/JPY