168 and 169 are good, but today might be limited to 170, with a bounce before resuming fall. Can't say for certain; gbp/jpy = oversold, but it's driven by short-term news like the Shanghai index. Of course, if 170.70 remains support, we'll need to ...

Dragon Riders GBP/JPY

Right after China announced more devauation of the yuan, the yen pairs and markets they've been propping up tanked further So, politburo (China's government), how's going against market fundamentals working out for you thus far? You've had it ...

Dragon Riders GBP/JPY

Trying to break below 174.70/60. If it breaks, 174.10 +/- 10 pips is the next zone, followed by 173.60, in my opinion. If it goes back up, same fibonacci retracement. Locked in profits with my sell from 175.60. Just let it run. Going back to sleep. ...

Dragon Riders GBP/JPY

Yeah, screw you, PRC politburo. Even with state intervention, the short sellers have the flow....let's see what happens on 175. We may break through it...I think U.K. construction data may clarify the direction; it's coming about an hour. Same short ...

Dragon Riders GBP/JPY

That is a cause for concern, but it addresses long term inflation target, and with those things, central banks usually take their time barring a sudden event. I kept note of it, though. But right now I need to know whether the fall will resume; ...

Dragon Riders GBP/JPY

GBP/JPY rejected 176, as expected, and China's markets seem to not buy the PRC's attempts to forcefully prop them up. Still, it's a gradual decline, and we're only going back into the intraday trend that was ALREADY ongoing and in the process of ...

Dragon Riders GBP/JPY

Anyone online? I'd love to hear your opinions on the comparison between China's market intervention and the prices of the yen pairs. Do you think I'm making the right assumptions based on what I posted previously, or...?

Dragon Riders GBP/JPY

Very suspicious of the gbp/jpy movement. It spiked to the key 176, but its movements are in line with the shanghai Composite index. Index was expected to (and did) open in the negative, the sudden movements back up followed with announcement by ...

Dragon Riders GBP/JPY

Same short started again, some price and stats.

Dragon Riders GBP/JPY

Well, that's true. I've always iterated that the geppy is slated to go higher and higher (at least throughout 2016 and until 2017). Problem is, a lot of bullish tone for the sterling has lessened at the end of 2015, and with start-of-the-year ...

Dragon Riders GBP/JPY

Macro is useless at the start of the year. Let the markets roll whever they want; we just have to pick up the pieces left over. Problem is, I missed the buy-in price at 175 by sleeping, but I don't want to go long here at 175.60. the area around ...

Dragon Riders GBP/JPY

Very suspicious price movement for many yen pairs. USD/JPY barely had anything but green candles in its steady climb to 121 following a bizarre rejection of 123.40/30 within hours of a non-news day, and it was an immediate reaction to a small ...

USD/JPY Discussion

IF 182.70/60 is is negative, next support is 182.10/181.80 for me. I'd say hitting 181/scraping a bit below 181 is more likely than a solid 180.

Dragon Riders GBP/JPY

Funny peaking on the 30min. chart. Moved SL slightly up and still kept the trade. Going by gut on this; gbp/jpy can easily test 184.50/20 before going down, based on past past data and occurrences. R:R is worse than before, but hey - it's the ...

Dragon Riders GBP/JPY

Still in the trade. Was close to closing, though. May close depending on whether the currency pair goes down in the next hour or two. image

Dragon Riders GBP/JPY

Nope. Is it worth it? Isn't spread really high?

Dragon Riders GBP/JPY

Following the breakdown below the ichimoku hourly resistance (184.50/40 got slammed down hard), I decided to short on the bounce back up at around 183.820. Initial target at 183.30, provided it works, followed by 182.70/60 and 182.10/90. If we DO go ...

Dragon Riders GBP/JPY