Break 149.8 and secure that as a base and medium term chances of any bearish(ness) reduce markedly.

Dragon Riders GBP/JPY

Back at 148.8 pivot. Uj attained 110.4 which is very long term pivot going back not just months but years. Has often only broken after being talked up or during periods of exuberance. Still not clear.

Dragon Riders GBP/JPY

The 148.9/149 area must fail catastrophically for any possible downside back under 147.5 etc. Otherwise possible 150/151 and all the other numbers going up to eventually turn 155/156 into support. Structure may allow marginal new high, but I wont ...

Dragon Riders GBP/JPY

2016 ... 148.5 should hold. 2018....will 148.5 hold?

Dragon Riders GBP/JPY

It has retraced the minimum allowed for in this structure. (4 hr). In extension, it reaches the prior bottom. Then it's in the hands of whomever.

Dragon Riders GBP/JPY

If you had all said the same way back around 133.5 in 2012 you would have been terribly wrong. There is something called a topping pattern.

Dragon Riders GBP/JPY

The key issue here is that the 1.618 extension out of 153 cf was 147.6. It broke down to 147.1 or so. The extension of the 147.1/148.2 was 149.6. One end of the equation is wrong.

Dragon Riders GBP/JPY

This is a place where the market decides whether it emulates the 2013 moves, or breaks down again under the 147.6/8 pivot towards 146 and below 145

Dragon Riders GBP/JPY

Always allow about 20 or so pips either side

Dragon Riders GBP/JPY

The next crossover/decision point 148.8

Dragon Riders GBP/JPY

Confirmed as a triangle structure after 147.8 failed to hold, with break out thereafter. First suggested target met. Now it's a waiting game

Dragon Riders GBP/JPY

Suspect 147.8 is the key, as per 151.8 earlier. Still allows a triangle type structure with maybe final top circa 148.4/5. Then bottoming temporarily 143.5/144 before more downside.

Dragon Riders GBP/JPY

147.9. Confused? Don't be. Don't get sucked in at 147 unless it absolutely confirms. It's target is 146.3/4. If I'm wrong I'll give you my address and come around and tar and feather me. Just watch the daily and weekly candled. Ignore all lower ...

Dragon Riders GBP/JPY

Someone who talks sense. Monthly Gann just below 148 will tell. 146.5 into the weekly ichimoku cloud.

Dragon Riders GBP/JPY

Old numbers from about 2yrs ago. Gu under 1.35 opens 1.25, under 1.2 low Soros' 1.15, 1.08 .

Dragon Riders GBP/JPY

Not above 150.3 ish - a declining wedge, drop out circa 148. Above 150.6/8 - attempted reversal.

Dragon Riders GBP/JPY

And Uj should start contributing shortly. Didn't take a week or so as I last surmised.

Dragon Riders GBP/JPY

Can still be another rounding bottom, although below 149.5 rules out

Dragon Riders GBP/JPY

Whilst 150.2/3 is central pivot, the nature of the fall was not gradual but agressive. 150.6/8 was tested in the drop and even though it acheived the correct target, suspect it ended up below resistance. The difference between potentially bullish ...

Dragon Riders GBP/JPY

No worries. I'll try to do within the next 24 hours or so. In essence, if GJ isn't going to break up and over 153/156 to the 160's and eventually the 181/5 mark, following with a break over 195 to next res around 212...then a fall under 150.3 leads ...

Dragon Riders GBP/JPY