Thread: Discuss USD/JPY, GBP/JPY, and other JPY Pairs

my last forecast was wrong this is my new forecasr in short term go up from 126.78 to 130.60 the next 24 hours

little update

Originally Posted by mihaia2002

little update

Hi. Good chart. This is how things should go , it also could be 131 resistance, but theory is sometimes different than reality

Hye guys...

here are my EW count for e/u...

let see how this pair playing with 61.8 fibo to complete wave 2..

if turn lower from here, then FE 100 is at 1.35043 and FE 161.8 is at 1.34002 to complete wave 3..


take care and have a good trading week..

GBP/JPY 30-Minute Chart Bear Flag?

anyone who short gbpjpy and gbp? share your view please

Originally Posted by xiandaocai

anyone who short gbpjpy and gbp? share your view please

I am long SL 130.20, TP 137.70, only long prefered I think

SHORT around 131.6, with a SL 1H candle above 131.6 and TP 125,this should be the last leg higher after which we should have a freefall during the month of February. Everything takes time

I guess this is the time to wipe out all traders that decide to go Long, could be wrong

Originally Posted by mihaia2002

SHORT around 131.6, with a SL 1H candle above 131.6 and TP 125,this should be the last leg higher after which we should have a freefall during the month of February. Everything takes time

I guess this is the time to wipe out all traders that decide to go Long, could be wrong

I cant see any resistance today below 131.80, 131.60 where did you take it from ?

Originally Posted by zdihu88

I cant see any resistance today below 131.80, 131.60 where did you take it from ?

daily R1 , apologies is at 131.61

GBP/USD 1.6050, meaning it will go to 1.61 make the 5th leg up and then lower,
USD/JPY will most likely stay in this 81-84 range which makes GBP/JPY so unpredictable, but as GBP/USD should hit 1.47 by April, it can overcome any USD/JPY rally sending the GBP/JPY to 123 area, based on technicals and fundamentals. Things are not better by far but the stock market is pricing in a recovery, unless this market is pushed by this QE programme, GBP/JPY should drop on the risk aversion to come.

USD/JPY Confined to Tight Range- A close below 81.84 or close above 82.25 would invigorate either the Bears or the Bulls.

MY FORECAST OF GBP-JPY

Originally Posted by Selenat28

Hi Wan, thanks for the chart, looks like it is going back up, you have any update for the wave count at this time? thanks!

Hye selena.,

at the moment, as long as price can't closed above 100 fibo line, then it still in place.. but just be carefull, my SL now 15 pips above that line price..

i got ur email.. will reply asap when all my mess been settle up.. it's my yearly routine to little bit busy in early calendar year.. huhu

anyway, happy CNY buddies..

Originally Posted by Gregory McLeod

Hello Vonzey,

I went ahead and created the USD/CHF sub thread. I believe it is a good idea to have a place to discuss Swissy as the pair is trading at historic lows.

http://forexforums.dailyfx.com/curre...tml#post722010

Champion, thanks for that, been waiting a while for that one.