i just said what i saw on my chart. medium term, still bullish, but i figure it will run into 150 or so and then i'll take it from there. or if i see buying pressure again, i'll exit shorts. my guess is that we'll see a bumpy road because u-j is ...

Geppy's Geppy Thread (GBP/JPY)

i know i said that i was not bearish, but the new chart configuration tells me something else.

Geppy's Geppy Thread (GBP/JPY)

i, for one, am flat but will sell if we go below 151.81. i was expecting a rise to 152.80 or even 153 to short it better, but i'll take it anyway if it's in a hurry

Geppy's Geppy Thread (GBP/JPY)

and here's the selling. i'm gonna stop thinking about buying for now and will look for clear selling signals, i'm guessing this wants to go to 150 or 149 - just run a fibo from 146.34 for relevant levels below

Geppy's Geppy Thread (GBP/JPY)

and what's wrong with them?

Geppy's Geppy Thread (GBP/JPY)

okay but the problem is, this could be very well just some ranging and not a retrace. it just stopped rising by going below 1.5437, and that's all i can say. we may or may not see a dip.

Geppy's Geppy Thread (GBP/JPY)

actually, my mistake. i looked at it again, it is bearish just a bit since the break of 1.5437 a couple of hours ago.

Geppy's Geppy Thread (GBP/JPY)

exactly. but this is not bearish , at least not now.

Geppy's Geppy Thread (GBP/JPY)

cable is anything BUT bearish right now.

Geppy's Geppy Thread (GBP/JPY)

i am not bearish. my line in the sand is 151.41, everything that doesn't go below this level is just a dip and i will buy it.

Geppy's Geppy Thread (GBP/JPY)

as for g-j, i don't see any selling background for now so my guess is price will continue to rise. i can't help noticing that this entire move up from 147 looked undecided. but hey, it's still going up... no signs of bears... if it walks like a duck ...

Geppy's Geppy Thread (GBP/JPY)

if u-j would break out of this trap, we'll also see some movement on g-j. i've got pending longs above 99.76 and shorts below 98.96. arrows indicate background action, and if price goes above each significant setup then it's pretty much safe to ...

Geppy's Geppy Thread (GBP/JPY)

i have been waiting too long for this to continue towards 1.56 so for me it's going well, not crazy.

Geppy's Geppy Thread (GBP/JPY)

buying volumes are going lower and lower as we go higher and higher, so looks like the rally is running on fumes.

Geppy's Geppy Thread (GBP/JPY)

see this post. i got the indicator from 'auction market...' thread if you feel the need to dig after the original post.

Geppy's Geppy Thread (GBP/JPY)

about longs on yen pairs - u-j seems to show important selling activity at the top. while it's true that price can pop above for some time, this chart is telling me that the sell-off of u-j is being set up real nice. i just need a confirmation to ...

Geppy's Geppy Thread (GBP/JPY)

nasty price action, that's all i've got to say.

Geppy's Geppy Thread (GBP/JPY)

i only use my phone to check up on overall development, eventually exit trades or tighten stops. metatrader is available for android, as well as oanda's trading app and these are more than enough when i'm going "mobile".

Geppy's Geppy Thread (GBP/JPY)

now back to charts. g-j didn't break the ascending channel, although it is right on the lower edge. image but i think u-j is going down even if for a retrace. image

Geppy's Geppy Thread (GBP/JPY)