GBP/JPY Trading

AshFX · #1 (**permalink**) 02-02-2009, 15:22

Talk about & discuss current GBP/JPY setups, charts, analysis here...

vanhook2 · #2 (**permalink**) 17-02-2009, 20:15

I trade this pair, but so far this week, I have not made 1 trade.
I just have not liked the way it looked.
Last week was a normal week for me, over 700 pips on the 15M charts, this week 0.

I hope it gets back to normal soon.

smattels · #3 (**permalink**) 18-02-2009, 01:32

the dollar and the british pound have been the biggest winners again and on a relative strength basis right now are still beating the commodity currencies.
tomorrow's news announcements could send these currencies downward depending on what happens when the stock market opens. the vix is up
13.35% and still down one point since january 20.
aussie retail sales tonight. i am long aud/jpy at this time.
the dollar cad has broken out of it's triangle and may test $1.30

Templar · #4 (**permalink**) 18-02-2009, 01:59

I'll be glad when this pair gets moving again.....go guppy go!

vanhook2 · #5 (**permalink**) 21-02-2009, 13:20

Are these inverted H&S's?
If they play out, we are going up.
Also, last week was sooo slow for this pair. I wonder if the options expiring was the cause.

Enjoy.

vanhook2 · #6 (**permalink**) 23-02-2009, 14:00

For those interested, I posted a Trailing Stop EA & manual.

Trailing Stop EA

mphpopular · #7 (**permalink**) 15-03-2009, 02:35

GJ 15mar09

ckmoied · #8 (**permalink**) 24-03-2009, 06:42

I believe that the GBP/JPY has broken the rising trendline, 118.79, 127.10 and 139.98, and the now the new potential target should be first (i) 148 and then (ii) 155.50.

vanhook2 · #9 (**permalink**) 24-03-2009, 16:04

This pair has risen about 900 pips without a retrace.
I have found that it likes to retrace to the 50% Fib level.
Which is about 140.70, the D.P area.
Hope it helps

AshFX · #10 (**permalink**) 13-04-2010, 13:55

Ok, so last week we saw how GBP/JPY managed to just barely touch the 38.2% Fibonacci level before shooting back up strongly. At one point I thought it was gonna hit the 0.0% level, i.e. last swing high, but it managed to stall beforehand. Since then the bears seemed to have taken over… but look at todays candle – especially it’s lower wick, super long.

Which direction this is going now in the long term is anyone’s guess, however zooming into to today’s hourly chart we have an indication. Take a look at the hourly screenshot. You’ll see the Stochastics are smoothly headed down, and the AC and AO are both red. It could well reach the 61.8% fib line, i.e. approx 142.70 within the next few hours…