Has to regain 141.8 and stay above or risk another fall

Dragon Riders GBP/JPY

UJ just visited the apex of it's recent consolidation at 113.5. It is normal to either revisit that point or marginally over-shoot it - circa 113. Back over 114 may suggest it's done

Dragon Riders GBP/JPY

Shorter time frames, an expanding triangle. Maybe just completed at the 50% retrace. Otherwise, 140.7 ish. Longer term, at the very pointy end of a diamond, centre pivot 141.8 as best I can ascertain. Suspect it departed from it's circular res ...

Dragon Riders GBP/JPY

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GBP/JPY, GBP/AUD, GBP/USD live entry review

i refer you to March and April 2013 at 142.6. An attempt is being made to repeat history.

GBP/JPY, GBP/AUD, GBP/USD live entry review

Even getting over 142.35, it must still clear 142.6 or suffer a fallback

Dragon Riders GBP/JPY

141.4/5 triangle? mid point. But it only looks like a triangle. 142.2/5 area overall correction midpoint wrt 135.8 ish and 148.6/8 (truncated top)

Dragon Riders GBP/JPY

No problems.

Dragon Riders GBP/JPY

With minor variances (most recently), almost a carbon copy of the 2013 launch from 150.7 to 174. The 136 break equals the 163 break. But would have to get up to fail circa 147 again to replicate, with 142 holding. Last time there was a hassle at ...

Dragon Riders GBP/JPY

As I stated last week still suspect a bullish consolidation - triangle or similar. Would have to break back over 141 though to confirm that possibility. Over 141 could allow a move back to 142.2 .

Dragon Riders GBP/JPY

GJ 140.9.. If this is a correction in an uptrend, suspect this has to be a turning point to reclaim the 142.5 pivot then get up over 143.5/6 en route 145 ish next. Conversely, below about 140/139.5 opens a return to 137.2 and below. Cable 1.25. Has ...

Dragon Riders GBP/JPY

143.2, The moves are becoming like those in a triangle. Negated over 144.6 .Centre, I suspect, around 141.5. 142.5. Below there opens 141.5 again - and below

Dragon Riders GBP/JPY

Is this about USD/USD or USD/JPY?

USD/JPY Discussion

In or out? Still line ball. Even after 25 years no one knows if it's bullish or bearish. image

Dragon Riders GBP/JPY

Playing daily H&S for now. Not really a h/s, but want to see it trading under 139.5 .

Dragon Riders GBP/JPY

Should it fail around here, it runs pretty much a H&S structure. The thing that this structure has in common with a h/s is that a h/s usually doesn't make sense either. It bounced from essentially the mid point of the correction thus far. Thing is ...

Dragon Riders GBP/JPY

Hitting long term circular trend on daily (going back to mid June). At top of 4 hr and daily channel. At top of daily ichimoku cloud. 50% retrace cf 145.3/ 136.4. Daily 200 sma and daily gann sit at 141 and 141.1 respectively.. You break this area ...

Dragon Riders GBP/JPY

FWIW, under about 1.225 is where GU possibly goes non-bullish and 1.22 counts it out.

Dragon Riders GBP/JPY

[/quote] It's actually called fence sitting

Dragon Riders GBP/JPY

Remains in the daily ichimoku cloud. Might be an uptrend (having bounced off the whole correction mid point), but still needs to make new highs and in any case start moving over 141 and 142.5. (to break 143) Loss about 139/138.5 suggests correction ...

Dragon Riders GBP/JPY