Made 50 pips but it was a complete risk off rout today. Nothing like I should have made. It was my big headed comments. God has a way of humbling the proud. Now I'm at a loss on what is gonna happen next. I need to watch and learn. I could have ...

Geppy's Geppy Thread (GBP/JPY)

Cat, so what do you think now that all the buyers jumped off like rats from a sinking ship? You didn't see that Tokyo move? Almost every single pip from the high to the low was removed and then getting back to 173 itself became a struggle. I sold it ...

Geppy's Geppy Thread (GBP/JPY)

Coming into profit now on my sell order. Wow MPT I hope you are right. 169 would be forex bliss cause' this pair will get there very quickly if that is the case.

Geppy's Geppy Thread (GBP/JPY)

German Markit Manufacturing numbers came out strong and so we saw a pop. I wonder if this is the last good data we see and the market is peaking out now.

Geppy's Geppy Thread (GBP/JPY)

Ding ding ding ding. Open. They are gonna induce watch out. KA-BOOM and then right down.

Geppy's Geppy Thread (GBP/JPY)

This Tokyo high is looking like a top resistance now LOL!!! I'm gonna sell this if it rises. China sneezed and now everyone is gonna catch a cold. Check out the daily chart it looks deformed. Some kind of strange acute angle that is unstable. I'm no ...

Geppy's Geppy Thread (GBP/JPY)

Bank black box algos hate uncertainty. With all those factors I mentioned earlier about the metal prices being depressed and safe haven currencies fattening up. The HSBC China PMI may have been the tipping point. This could be the start of a capital ...

Geppy's Geppy Thread (GBP/JPY)

Yeah MPT it's looking sketchy. They are trying to bait us in I think. I don't know the correlation % at all but I went long on a EUR/GBP 3 year low and it's rising the more skittish GBP/JPY looks. The Widow Maker is trembling. This is gonna be drag ...

Geppy's Geppy Thread (GBP/JPY)

Maybe they are gonna blast it up past 173 again and really go gonzo on the stopping volume to make sure everyone is on board as a buyer and then burn them up.

Geppy's Geppy Thread (GBP/JPY)

If it does pop up I think it's time to start looking for sell entries. The Nomura target I believe was 178 but it's only January. Perhaps a major risk correction in the market is needed before the bullish trend continues.

Geppy's Geppy Thread (GBP/JPY)

...........RISE

Geppy's Geppy Thread (GBP/JPY)

174 you think MPT? It appears to be struggling to even get back to 173 now. Tokyo is closed and it's 90 pips down from the session high. If London slams it down that's it.

Geppy's Geppy Thread (GBP/JPY)

I hope so guys but to me this looks like the start of a risk off selling season.

Geppy's Geppy Thread (GBP/JPY)

There are just too many signs coming on the grid now, I'm on the sidelines now. THIS MARKET IS LOOKING LIKE IT'S GONNA ROLL OVER.

Geppy's Geppy Thread (GBP/JPY)

I see something guys I have to mention. USD/JPY has been stuck in this range right? Deflation in Canada is showing up and the metal prices are depressed now. The FTSE and the DOW are leaking down. But this one is the barometer I can use for risk ...

Geppy's Geppy Thread (GBP/JPY)

Umm, yeah. I cannot fight that assumption at all now. The retraces could be huge and be trades within themselves but I just don't wanna feel the pain anymore of smacking down the dragon head to have it torch up my hand. It may be a drag out fight ...

Geppy's Geppy Thread (GBP/JPY)

Oh forget that then, I'll close this with a small loss rather than wait it out. I'd rather get long again anyway. It should retrace some in NY and if not then Tokyo in 12 hours. I just cannot be a buyer this high. Almost 3:30 AM here, cya guys later ...

Geppy's Geppy Thread (GBP/JPY)

I believe so just like the other one on the 17th. This is the H1 candle now, MAYBE. Then there is a few hours of red ones but the data was so good maybe not that low down this time. 171.95 in a few hours? I don't know. Hope so.

Geppy's Geppy Thread (GBP/JPY)

Yeah just a little too high JC. I was no good at calling the top either and just white knuckled through a 24 pip draw down.

Geppy's Geppy Thread (GBP/JPY)

So now the 171.80 area should show some support for the next leg up. I don't think a down move is in the cards anymore because they have twisted the downward projection on the daily chart into an upward supported channel. Markets are still in full ...

Geppy's Geppy Thread (GBP/JPY)