Wait a minute! — 5 minutes ago I would have agreed with you bravado. Now I'm not so sure.

Daily GBP/JPY analysis

Deja vu all over again! — I seem to remember having this conversation yesterday at 233. The usd/jpy still has some room to 119, so this pair still might move another 50 pips or more.

Daily GBP/JPY analysis

Oh Mama! — I agree mother. A break of 235, look for resistance at 235.60.

Daily GBP/JPY analysis

Interesting......... — According to my fib lines, 229.77 is very close to the 23.6 line and 231.44 is the 61.8 retrace from yesterday's move. Hmmmmmmmmmmmmm.................

Daily GBP/JPY analysis

God help them — I was on Monday. Got stopped out at 231.70. I was pissed. Got back in short at 231.70. Still short. Just like last month, a great way to end the month!

Daily GBP/JPY analysis

My favorites — I use an 8 and 24 sma on a 1 hr chart. You can use either candles or bars. Together with a macd and or full stochastic for exits and it works good for me.

Which moving averages work for you?

Is that right ceasar? — cable to 1.9000? I hope so. That would be very good for me. I saw a report of 1.9150 at the most.

Cable Update (GBPUSD)

Well it touched 116.42 and jumped back up and is now fixed at 116.82 for the weekend. I think the Tokyo open on Sunday night will give us our direction for next week. Any sustained close below 116.80 and it could be look out below! All of my ...

Daily GBP/JPY analysis

Past big moves? — The move in January starting on the 8th was a thing of beauty! It started at 228.50 and ended at 241 on the 24th. That one trade made my month, AND the next!

Daily GBP/JPY analysis

Still more to go? — I read a report earlier of a big stoploss on a break of 230.00. I wonder if there is enough momentum now to get there?

Daily GBP/JPY analysis

Patiently waiting — Well the retrace hit my stop so I'm out with 409 pips. Formula 409 I call it!

Daily GBP/JPY analysis

I trade on a 4 hour chart using heiken ashi candles. It won't make a difference on highs and lows but I prefer them as they filter alot of noise. I always look for the last major move, by that I mean either a lower low or higher high or both. If the ...

Daily GBP/JPY analysis

It's all in the technicals — I love how technical the yen pairs are. The low today of 230.74 is 2 pips above the 123.6% fib level of the low on 2/19 to the high of 2/23. Watch your fib levels on all the yen pairs and see where the hesitations ...

Daily GBP/JPY analysis

On my chart jokerswild that was the last low on 2/19. If I could figure out how to post my chart I could show you.

Daily GBP/JPY analysis

Good call! — Good call eventtrading. I had a support level at 232.17 myself.

Daily GBP/JPY analysis

Ride the wave — I don't think this is over yet. All the yen crosses are still in a downtrend. Even cable is starting to move down. Watch eur/jpy!

Daily GBP/JPY analysis

Well I was hoping for 400 pips today but maybe not. Came close with 360. My bank account is happy today!

Daily GBP/JPY analysis

Just like the chinese stock market!

Daily GBP/JPY analysis

Still some room to go further — I think we still have some ways to go. The usd/jpy has some room to move down. Do I see 400 pips today? I think so.

Daily GBP/JPY analysis

Back in the saddle — OK, now that it took a breather, it's back for the attack! Let's see if it can get past 233.50 and stay there. Then it's down to 232. IMHO

Daily GBP/JPY analysis