url Option 1 Breaks out of consolidation, falls into excellent support (ie 177.2) then travels to make new high or at least 185 - complex bearish or bullish structure Option 2 Breaks out of consolidation, falls into first support then retests into ...

Dragon Riders GBP/JPY

Maybe you should throw this stuff in and go take over the job as Japanese finance minister, where you could always lay claim to " watching forex levels closely".

Dragon Riders GBP/JPY

Option 1 Breaks out of consolidation, falls into excellent support (ie 177.2) then travels to make new high or at least 185 - complex bearish or bullish structure Option 2 Breaks out of consolidation, falls into first support then retests into the ...

Dragon Riders GBP/JPY

My suspicion though is that the first move up from 178.3 to 180.2, then the next move down to 188.2 and this new thrust into 181 where all part of one correction

Dragon Riders GBP/JPY

As I wrote here some 15 hours ago ... The next (if any) move down is now predicated on losing 179.5, 179.2 and 178.5/8 again. This is another one of those places where it can turn from a perfectly good reversal in the making into another ...

Dragon Riders GBP/JPY

Come on UJ, prove them all wrong

Dragon Riders GBP/JPY

Once it clears here and about 174.7, nothing else matters

Dragon Riders GBP/JPY

Now if UJ can fall back another 5-10 pips we've got ourselves a drop

Dragon Riders GBP/JPY

143 or so days ago, GJ broke into a consolidation 'area' at 179.8 and didn't fall back. I'm sure many of us recall that day. This 'shit fight' is it attempting to leave that area. Around here it may be quite volatile until it departs ... or breaks ...

Dragon Riders GBP/JPY

Should it fade from here, break 178x, then quite likely - if not lower

Dragon Riders GBP/JPY

Hi everyone. Still no new high, but two things could be read into it. Last, but not least, it's giving the untested 179.8/9 a definite testing ... and when it hit 180.2 that was a 38.2 retracement from the bottom to the top of what could be loosely ...

Dragon Riders GBP/JPY

The only things bearish about it right now is that this 4hr candle remains lower than the previous two, the 4hr is running in over bought and the daily is losing its oversold status. Bollinger band support at 178.4 is going flat, whereas a few brief ...

Dragon Riders GBP/JPY

As to whether it's a wave 4 or not has still to be confirmed. Should it fade from here it must still pass below 178.5 ~7 and make a new low. The converse is that the move up to 185 and then down to 178 is/was only part of a large correction that ...

Dragon Riders GBP/JPY

In summary, a place to hold/stop. I've told you how I determine my S/R points and with respect to the entire move down so far it was showing as a new central pivot

Dragon Riders GBP/JPY

The 179.6 pivot may have real significance

Dragon Riders GBP/JPY

There are many myths about the Fibonacci series and 1.618 in particular. But many argument are hard to refute. In what we're doing here, it is just a coincidence that when price started at 117 and stopped thus far at 189.4, the length was within 100 ...

Dragon Riders GBP/JPY

Eight wafer thin mints and a bucket - this is what inspiration and motivation is all about. Uj still struggles - Cable below 5 yr lows.

Dragon Riders GBP/JPY

Wouldn't be surprised to see it go to sleep at 177.0

Dragon Riders GBP/JPY

When you make a comment about certain simple things with no mal intent, sometimes the loonies come out to to play.

Dragon Riders GBP/JPY

I am relaxed. I just think it's rude But should mr creosote post one of his videos, that may be perfectly fine. Actually, he has only one video. Come on mate ... show'em what you're made of .... literally.

Dragon Riders GBP/JPY