Remind me to note your posts more. I didn't think it's take THIS long to hit below 183.70 Edit: It's here at last!

Dragon Riders GBP/JPY

Geppy is having fun being dragged along both ways by the gbp/usd and the usd/jpy. When one of the pairs has a small movement in one direction, the other holds it back. It was amusing at first, but now it's annoying. Can't long OR short at current ...

Dragon Riders GBP/JPY

Waiting for a better price to long. It might test 184.50 once more. If it does get printed, SL will be a confirmed break of 184.250.

Dragon Riders GBP/JPY

Ah, sorry. I thought you were talking about US news. you were referring to the U.K. one. I haven't really paid much attention to UK news in the past few weeks; I just trade it whenever it's noticeably oversold/overbought on the 4hrly and daily. BOE ...

Dragon Riders GBP/JPY

News wasn't great. It wasn't horrible, but it was below expectations. So no, it's actually the other way around based on conventional logic. Not that conventional logic for news works in forex, mind you, but that's that. Hitting below 183.70/60 ...

Dragon Riders GBP/JPY

usd/jpy at 120.040, gbp/jpy at 184.315. We're getting close, as expected. Good chance of seeing a bounce back to 184.50-ish, +/- 10 pips in the next few hours. update: Close to hitting the 184.50 bounce. We've hit 184.50 Let's see where this leads.

Dragon Riders GBP/JPY

On the 15min. chart, usd/jpy seems to be forming a hill with 120 being the initial key support to test. In relation with gbp/jpy, that probably means we've a good chance of testing 184.25 again (maybe, maybe not). Unfortunately, if 120 does show ...

Dragon Riders GBP/JPY

We're about 23 pips away from a stiff gbp/usd support. If we retest around 184.25 and the cable hit the support, then it'll be difficult to hit 184.00/183.90, and even more so to go below. Edit: took profit.

Dragon Riders GBP/JPY

Might go back to test 184.60 at this rate. Usd/jpy still probably won't face stiff resistance until 120.30/20 if 120 holds.

Dragon Riders GBP/JPY

Maybe this is why it's going up? url (ISM's Holcomb Says Index is Consistent With 3.1% GDP)

Dragon Riders GBP/JPY

usd/jpy bulls are desperate to hit 120. ISM PMI didn't meet expectations? Who cares; let's hit 120/119.95!

Dragon Riders GBP/JPY

I don't know why, but I still get the feeling we'll get tied up around 183.90. Geppy has had a bad history of stopping halfway between the 61.8 and 100 retracement (184.1 & 183.70/60) Even if we were to hit 183.70/60 sometime in the future, I ...

Dragon Riders GBP/JPY

Taking partials at 184/139.90 and reloading a bit higher with the bounce. Hey, I'll squeeze all the extra pips I can get. Would be best to get it at around the 100% retracement at 183.70/60, but it tends to have a bounce around halway between the ...

Dragon Riders GBP/JPY

Nice assessment. The thing is, however, it often takes usd/jpy many hours or even a whole day to move 20-30 pips. Granted, today is more active than usual, but we may not hit 120~120.30 for some time. Wait and see, I suppose.

Dragon Riders GBP/JPY

120.30 +/- 20 pips is a point of contention and a resistance last tested on Feb 12. It'll be hard to break past that without correcting, at least. Don't know about actually hitting it, though. I don't think 120 itself is considered as strong ...

Dragon Riders GBP/JPY

The start of every month tends to be iffy on the first few hours. Not surprised about Tokyo selling yen-that's what the BOJ wants in the end for now. I'm rather concerned about the usd/jpy; that thing usually takes forever to move a couple dozen ...

Dragon Riders GBP/JPY

Possibility of scraping 185.30-ish before continuing down. If 185.30 becomes support, I see 186. If not, and 185 still remains a hard resistance, then we'll probably have a stronger/clearer movement down. ...That's a pretty decent looking bullish ...

Dragon Riders GBP/JPY

Eh, no. It's last minute fix pricing. Nikkei was been up overall in the month, so fundies have extra margins to hedge against the yen, so they long usd/jpy. Has nothing to do with data. Didn't you notice the rumor of dollar fixing just before the ...

USD/JPY Discussion

*sigh*. Go to news, check the most reason one. This is NOT fundamental based or ongoing trend based. It's event/rumor.

USD/JPY Discussion