Looks like we may be heading up, or down, or....

Daily GBP/JPY analysis

Thanks

Daily GBP/JPY analysis

Question - I haven't stayed up late (past 12:00 am ET) to trade this specific pair. Although I have traded GBP and Euro. What time does this pair normally start really moving?

Daily GBP/JPY analysis

Nope, won't be mad, when I make mistakes, I take responsibility. That is part of trading.

Daily GBP/JPY analysis

I'm not sure how much steam this has to the downside. Got out of my short, probably too early, however, I'm locking in profit.

Daily GBP/JPY analysis

Great, some comic relief

Daily GBP/JPY analysis

How long must we stare at our screens waiting for movement? Makes me wonder if this is going to be a strong retracement.

Daily GBP/JPY analysis

Excellent.

Daily GBP/JPY analysis

My apoligies, I meant to do just that. Multitasking.

Daily GBP/JPY analysis

I've never seen this system before, would you mind briefly explaining it and how the targets are formed?

Daily GBP/JPY analysis

I drew my trendline from the down movement not from the entire movement, (I have fxsolutions desktop charts (they are not the greatest) - red candle at 16:00hrs to 18:25hrs) does this help? Yes, on the 5 minute chart.

Daily GBP/JPY analysis

Long? — And I'm glad I waited - 5m chart looks as if we're going long (a tl looks to be broken on the upside) MACD lines may be getting ready to cross. Still Waiting.... ------------------- Got in....

Daily GBP/JPY analysis

Looks like some downtime may be coming up - GBP also in downtrend - waiting to get in.

Daily GBP/JPY analysis

Settings — My apoligies for not getting back to you sooner, I was out most of day. RSI - 14 MACD 12, 26, 9

Daily GBP/JPY analysis

I will tell you that we are encountering a trend line at around 224.38 which it is currently testing, below that and I believe we have some more movement. As far as support level, that can be interpreted in different ways. Multiple candle touches, ...

Daily GBP/JPY analysis

Actually - I use rsi. macd, ema 50, 100, 200 and tl. Trend Lines are last in my analysis. Out - until further clarification.

Daily GBP/JPY analysis

Short

Daily GBP/JPY analysis

Not sure, not in a long at this point, my indicators on my 5 min are awfully close to down side....

Daily GBP/JPY analysis

Your right, good call. Got a good deal of pips with that one.

Daily GBP/JPY analysis

Nice ride up. Caught it.

Daily GBP/JPY analysis