The GBP/USD 30-minute chart is in a strong squeeze, and it will take a lot of force to break below the lower BB center. There is also support further below at the daily chart level, so it will likely take some time for the pair to make a big move. ...

Cable Update (GBPUSD)

The USD/JPY has risen slightly since yesterday's gap down. On the 30-minute chart, I expect it to break above current resistance and continue to rise. My two long positions remain. image

Cable Update (GBPUSD)

The USD/JPY has risen slightly since yesterday's gap down. On the 30-minute chart, I expect it to break above current resistance and continue to rise. My two long positions remain. image

USD/JPY Discussion

Was the USD/JPY pullback set too loose? It fell further, but then rose again. It's still being eaten up. I'm aiming for the upper wick of the 4-hour chart before it was confirmed, but the fluctuations are large, so if it falls below 159, I'll be in ...

Cable Update (GBPUSD)

Was the USD/JPY pullback set too loose? It fell further, but then rose again. It's still being eaten up. I'm aiming for the upper wick of the 4-hour chart before it was confirmed, but the fluctuations are large, so if it falls below 159, I'll be in ...

USD/JPY Discussion

I took profits on my USD/JPY short position, which was about 10 pips. I gave up on continuing due to several reasons, including the fact that the 4-hour chart had confirmed a rise, a white line indicating a dip appeared on the 15-minute chart, and ...

USD/JPY Discussion

Is USD/JPY consolidating on the hourly chart? It may just be a pullback, but I assumed the reasoning was correct and entered a short position. The stop loss is 10 pips, so failure is expected. image

USD/JPY Discussion

I was able to take profits on my USD/JPY long position without any issues. The rise was so strong that it looked like it might be reversed. I think the USD/JPY is probably near its peak, so it's likely to continue fluctuating. image

USD/JPY Discussion

The USD/JPY has risen to Fib 61.8, below the white line of the 15-minute pullback. Perhaps this is a strong reversal? I will raise the settlement point to 50.0. image

USD/JPY Discussion

On the USD/JPY 4-hour chart, the long position rose by about 16 pips, so I set it to BE and left it, looking for the possibility of an additional position. image

USD/JPY Discussion

On Monday, January 12th, I thought the Tokyo market would be quiet because it was a holiday, but it was correcting down after Friday's big rise. I went long when the decline eased. I've written my reasons for doing so on the right side of the chart. ...

USD/JPY Discussion

The USD/JPY hourly chart shows a resumption of decline, but the trend is too strong and the gap is too wide. If it falls further, we expect a bottom BB and a rally in London. image

USD/JPY Discussion

The USD/JPY short position rose by about 15 pips, which was within my expectations. It didn't reach the 157 mark and instead fell to the fractal line below the 30-minute chart, so I took profits. It wasn't a very good trade, with the price going up ...

USD/JPY Discussion

The USD/JPY 4-hour and 30-minute charts show a narrow squeeze on the 4-hour chart, but it has strengthened slightly from the blue demon mark and closed at the ceiling, sticking to the yellow and pink line. The 30-minute chart shows a long range, but ...

USD/JPY Discussion

There is still over an hour until the 4-hour USD/JPY chart is confirmed, but since it is almost at the lower support, I will close the position. image

USD/JPY Discussion

I missed the opportunity to short GBP/USD (unfortunately) so I shorted GBP/JPY instead image

Cable Update (GBPUSD)

In Tokyo, the USD/JPY and GBP/JPY are correlated, and I have traded USD/JPY short twice, but once I entered London, the GBP/JPY is inversely correlated with the USD/JPY, and it has started to correlate with the GBP/USD, so I have shorted the ...

Cable Update (GBPUSD)

In Tokyo, the USD/JPY and GBP/JPY are correlated, and I have traded USD/JPY short twice, but once I entered London, the GBP/JPY is inversely correlated with the USD/JPY, and it has started to correlate with the GBP/USD, so I have shorted the ...

USD/JPY Discussion

This morning in Tokyo, the USD/JPY rose further as the 4-hourly chart rose, and the 1-hourly chart trended upwards. It stalled after reaching a previous high, engulfing all four sell orders. The decline stopped just before breaking 156 yen, but the ...

USD/JPY Discussion

Did you trade well at the London entrance to the USD/JPY? I think it went okay. The first entry was just below the stop loss. The second time, the base fell, so I took profits after a sharp drop. It's currently recovering, but I think the pink 156.0 ...

USD/JPY Discussion