At this time, looks like Fx Rays Support of the GJ at 171.80 and HDA's support of 103.54 of the UJ are holding at a positive correlation. Very Good...

Geppy's Geppy Thread (GBP/JPY)

Let me rephrase that...other than sideways... 2 shea

Geppy's Geppy Thread (GBP/JPY)

Possible no clear direction till the market opens.

Geppy's Geppy Thread (GBP/JPY)

After the 4 pm candlestick, a doji, now 2 doji's, usually means continuation of an existing pattern.

Geppy's Geppy Thread (GBP/JPY)

Concur... My humble approach: In the past 12 hours, collectively, the forum has thoroughly dissected our current situation from almost every angle with very thorough discussion and counter discussion of the probabilities. Additionally, with the US ...

Geppy's Geppy Thread (GBP/JPY)

Thank you Fx Ray, I will study up.

Geppy's Geppy Thread (GBP/JPY)

I very much appreciate Fx Ray and HDA's work in this discussion. My question, from an educational stand point, is how or what works the best in determining the support and resistance areas? Is there a time frame 1 hr , 4 hr chart where you determine ...

Geppy's Geppy Thread (GBP/JPY)

What is funny is that the 5 minute chart is moving faster than the 133 tick chart...

Geppy's Geppy Thread (GBP/JPY)

Out of curiosity and because I do not know, what is the significance of an 89 SMA ?

Geppy's Geppy Thread (GBP/JPY)

E/U Will enter if it crosses 1.3804 It could rise maybe to the 1.3840 area before doing so Its on my watch list...good call

Geppy's Geppy Thread (GBP/JPY)

I would agree with Mpt this additional caveat: On the 4H the 20 day EMA is currently at 168.87 and the 50 day EMA sits at 169.14, 27 pips. A very tight range. The decision to enter for me will be based upon the strength of the price action in which ...

Geppy's Geppy Thread (GBP/JPY)

All that news and still neutral...go figure

Geppy's Geppy Thread (GBP/JPY)

With the CPI and the announcements Temujin also referred too, any thing is possible. Best to be patient and see. I what to see the reaction they get as released before I determine a direction, others make decisions before they are released. Stick to ...

Geppy's Geppy Thread (GBP/JPY)

It's not window dressing its re-dressing the same old girl for a new dance this evening after wearing on your patience for hours on end and then enticing you with a run up her skirt only to find she abruptly changed her mind when you took a well ...

Geppy's Geppy Thread (GBP/JPY)

Its just like yesterday on here all over again...about the same price and flat consolidation for 6 hours thus far with no visible news till the 5:30 UK Consumer Price Index.

Geppy's Geppy Thread (GBP/JPY)

169.08 was about the high it reached last Thursday.

Geppy's Geppy Thread (GBP/JPY)

Since recovering from the gap down at approximately 2200, the GJ has traded in a consolidation range of about 20-25 pips from 169 to about 168.8 for about 5 hours. Because of the gap recovery, the 5 minute, 15 minute and 3o minute charts all now ...

Geppy's Geppy Thread (GBP/JPY)

I am waiting a bit before deciding.

Geppy's Geppy Thread (GBP/JPY)

Agreed... GJ Opened on a gap down, recovered, then sped forward on bad economic data...what's next?

Geppy's Geppy Thread (GBP/JPY)

Yes Didgeridoo. To enter, I generally look for all EMA averages to consolidate, ( the longer and more constricted the better) and then to expand and fork in their sequential layers in a direction. I use price action, candle sticks and a tick chart ...

Geppy's Geppy Thread (GBP/JPY)