Simple... This pair is trending up. Look at the daily, weekly and monthly chart

Auslanco - GBP/JPY and GBP/USD (newstrade)

I use MACD but my chart is different. No crossing on 1hr, 4h or daily on the 11th. I use 12,26,9 settings?

Auslanco - GBP/JPY and GBP/USD (newstrade)

If you forget all the indicators and look at the daily chart or weekly. The trend has been up for nearly 7 years!!

Auslanco - GBP/JPY and GBP/USD (newstrade)

Maybe I'm missing something but the Daily was not bearish at 249. Maybe overbrought but no way bearish. what makes you say this?

Auslanco - GBP/JPY and GBP/USD (newstrade)

If you look at the daily chart its still Bullish not bearish. I'd consider the trend bearish if the low of 236.43 on 11th May is broken

Auslanco - GBP/JPY and GBP/USD (newstrade)

Hi Auslanco, I have been reading your posts and I have until last week enjoyed a very good run trebling my account this year by simply buying dips in an uptrending market. If you refer to the daily chart we are still in an uptrend. I lost about 400 ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

looks to have bounced off the 38.2 Fibo nicely from 11th July low. Back in again. My account has trebled since trading this pair from April 2007 :- ) just by using simple trend trading and buying dips. Dave

Daily GBP/JPY analysis

ye Igor, On the Daily chart as soon as the current days candle exceeds previous daily high you go long. Conversely, should the current daily price drop below the previous days low you sell. Just check the daily candles over say 2 years. Any one else ...

Daily Candles backtesting