Break the new 38.2% fibonacci support of 183.50, maybe. If we can't even hit below 184, probably not, barring an event driven movement.

Dragon Riders GBP/JPY

Nothing that important from Yellen...more or less the same. Non important Yellen speech + current bullish(?) tendencies = we're going higher for today? Gah, I don't know. The geppy is not really a great pair for me to trade right now. I'm turning to ...

Dragon Riders GBP/JPY

Good morning....waiting on Yellen right now. Price is going nowhere, what with perceived pound superiority over the dollar following Yellen's dovishness. I guess London session wanted the pound to go up badly. I regret not shorting the usd/cad-i ...

Dragon Riders GBP/JPY

Funny thing is that the geppy's sister pair, the usd/jpy, pretty much hasn't moved after the initial spike was rejected back down. I think its a gbp vs usd issue. the problem is that the current momentum doesn't really match with the usual ...

Dragon Riders GBP/JPY

Weird price movement of gbp/jpy as London opens: gbpjpy rising, but eur/usd is spiking as well (usually they work opposite), and usd/jpy is still at its usual fib support. I don't trust this spike. Something's off. We also don't have a major news ...

Dragon Riders GBP/JPY

usd/jpy breached the 118.80 fib support as well. If it stays below 118.80, expect the gbp/jpy to test lower supports. Usd/jpy's next support is its previous weekly low (118.40/30), back when the gbp/jpy fell to 181.60. It's been tested as support 5 ...

Dragon Riders GBP/JPY

Not really. yellen wasn't that hawksih towards the dollar; more people are leaning towards dovish, as the price movements indicated. Also, Yellen is famous for being more towards vague/dovish rather than hawkish for the dollar. My strongly recommend ...

USD/JPY Discussion

Ah great. usd/jpy stuck on a fib support despite BOC announcements. Given its low pip movement, it means we''ll be stuck above (or maybe at) 183.40/30 for some time. I'm out of the computer screen for now. Bearish momentum is at a standstill. Be ...

Dragon Riders GBP/JPY

Canada is coming out in the news with her guns drawn in about 20min; let's see whether she hits or misses. I hope the Bank of Canada doesn't go dovish again....last thing I want is a stronger intraday dollar to force me to preemptively close my ...

Dragon Riders GBP/JPY

Congrats. Your wish is now becoming a reality. And on that note I haven't TPed on any of my shorts yet either.

Dragon Riders GBP/JPY

183.80 needs to break if this move down is going to be more than a temporary move brought by news. Worried about 183.40/30, since that's a 30min. ichiomoku support, and if bears take their time, it might end up as the hourly support as well. ...

Dragon Riders GBP/JPY

Thanks. Your decision points really help clarify my own swing trade positions. Onwards to 183.80, i suppose?

Dragon Riders GBP/JPY

Had pending short right on the resistance, since Yellen is usually dovish. I can't believe my 184.70 short got triggered. Gotta love the whiplash. Also looking at eur/usd to possibly add shorts. Sell all euro rallies is my motto for the next ...

Dragon Riders GBP/JPY

10:00am EST is when Yellen speaks. Given her tendency to be dovish, and the rate hikes being expected soon for the dollar, any perceived hesitation may very well trigger the correction many of us are looking for. If not, and her sentiments go ...

Dragon Riders GBP/JPY

Been unable to connect to the network this entire day due to computer issues. A sell order at 184.050 didn't quite get triggered for me, unfortunately. Managed to get a short at 183.80 for now. Probably going to add one more on 184 (if it does ...

Dragon Riders GBP/JPY

Flat. waiting to see price reaction to the usual fib supports: 184.20/00, 183, 182.60/40. Those three points are what I'm focusing on right now. To the downside, targeting 182, 181.70/50, 181, and 180. Upside....looking at upper 184 or just around ...

Dragon Riders GBP/JPY