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    • Wolf. replied Aug 12, 2007

      Hi Islander, After putting the levels back on my charts I have been quiet intrigued by how well the levels have been respected. On Friday, GJ rebounding short off M2 at around 10:00am UK time and then reversed long off M1 (also L4 and an area of ...

      Daily GBP/JPY analysis
    • Wolf. replied Aug 10, 2007

      Do you mean 238.55 - 60 or 255 - 260 lol Well it fell another 125 since my last post and I got stopped out of my short for for +141 and am currently long from 237.72 so lets hope its 260!! Regards. Chris

      Daily GBP/JPY analysis
    • Wolf. replied Aug 9, 2007

      Well I have just closed for a very NICE profit. Not sure now? ....this is a good level to long but there is some very strong momentum short (momentum precedes price) so just observing at the moment. Regards, Chris.

      Daily GBP/JPY analysis
    • Wolf. replied Aug 9, 2007

      Hi Islander, Nice chart... my M2 is at 241.65 so the price bounce right between both our levels, my M3 three is 243.77 and my pivot is 243.46 (my settings may be wrong). Saw your post yesterday so put them back on my chart to see how they react, had ...

      Daily GBP/JPY analysis
    • Wolf. replied Aug 9, 2007

      Cheers Bravado! Wish everyday was like yesterday! I am short from 243.33 right now (although I am meant to be only taking longs). Looking for a bounce (if it gets there) around the 241.50 level and then north again. Mmm we may have already seen the ...

      Daily GBP/JPY analysis
    • Wolf. replied Aug 8, 2007

      Nicely broken the decending trendline. At a critical level now 241.50 also close to R1 and if it breaks up from here 244 and maybe beyond is in sight. Maybe a good place to take partial profit though?

      Daily GBP/JPY analysis
    • Wolf. replied Aug 7, 2007

      Well I took +16 on the trade I mentioned earlier after it looked bearish and I too am long at 239.34 with profit locked in. You may be right Kharvell there could be another leg down. Lets just hope it decides to move in our direction. Regards, Chris.

      Daily GBP/JPY analysis
    • Wolf. replied Aug 7, 2007

      Great call Kharvell a lovely up move. I am a buyer again at the 50% fib of that last move with +10 locked in. (which is now a bit close to the price now on GJ and I may alter it to plus +1 dependiing on price action) Above the pivot now so hopefully ...

      Daily GBP/JPY analysis
    • Wolf. replied Aug 3, 2007

      I went long at 242.05 unsure of were this is heading now so have my stop at +1. My bias is to keep long now although it may go down and bounce of the the 241.50 level before a prolonged move north. If that level breaks a retest of the 237.60 level. ...

      Daily GBP/JPY analysis