What is the next move on GBPJPY?

[Anglll]

Is go up or down any one can tell me

[pablolmga]

is go up or down any you can tell me Do you mean during the next hour (after the market opens), or over the next month?


Just brief it. GBPJPY is in the highest it's been since 2008. Hence if you short it profitably, you have successfully picked a significant market .

It's simple to say just brief it, but how much greater will it travel before it falls? 10 pips or 500 pips? Those who employ textbook wisdom and use stoplosses would have to understand how wide to set them.

[Guixxembas]

Gridmaster,

a good advice for you is if you're trading live right now only quit trading...

If you're trading demo just quit trading...

if you would like to lose money particularly live cash $... Then continue trading...


You want to ask other people for direction to exchange significance you have zero understanding on how best to analyze the market.
There are lot of google search on news which talk about management for gbp, jpy market. You should expect those news rather than random people on the forum...

Even at that there's a live outcome of people order:

https://www.nigeriaforextrading.com/trading-discussion/93-big-bucks.html

--
Go back and learn the basic regarding the market:
http://www.babypips.com/school/

[InoxaZamomaa]

quote Do you mean during the next hour (after the market opens), or over another month? quote GBPJPY is at the highest it's been since 2008. Therefore if you short it profitably, you have successfully chosen a substantial market top. It's simple to say just short it, but how much higher will it travel before it drops? 10 pips or 500 pips? Those who apply textbook wisdom and utilize stoplosses would need to know how wide to place them. I'm short from 175,260. SL is at 176.010 and my TP is 174.00. Us I see it.174.00 us you sayd was the highest since 2008 and my thought is that when we whant to go bigger we need to retest it.everything can happen I could be also severely wrong.

[pablolmga]

1 Attachment(s)
quote I am brief from 175,260. SL is at 176.010 and my TP is ta 174.00. Us I see it.174.00 us you sayd was the highest as 2008 and my idea is that when we whant to go bigger we need to retest it.everything could happen I could be also badly wrong. Thank you for your courageous reply!

I see the next clear resistance point (D1/W1) at around 176.80, but it is definitely hugely'overbought' at this point, as if you say, anything could happen. I could easily be badly wrong also!

By victor_ray's connection, I see that 89% ofnigeriaforextradingmembers are bearish GBPJPY.

Strength indiors (see screenshot) say that GBP (D1/W1/MN) is very powerful, and JPY weak, which does little more than confirm what we already know.

I think a lot will also depend on GBPUSD. Its D1 chart maybe suggests the previous upmove may be weakening somewhat. I see that fund supervisor http://www.jarrattdavis.com/about/ (longer term prognosis ) states The GBP is currently an extremely bullish currency that is driven by speculation of a interest rate increase from the Bank of England at the end of 2014, I#8217;m trying to find a nice market off GBP/USD in order to begin buying it back, great levels of service are around 1.7000 to 1.6800 with a long-term target of 1.7500 in the forthcoming months. (http://www.forexpeacearmy.com/forex-forum/jarratt-davis-s-trading-signals/34937-market-update.html)

Looking at USDJPY, D1, that has been ranging since late Jan, also has room to fall 40-60 pips before encountering very powerful resistance. Hence if GBPUSD was supposed to weaken, and USDJPY fall (i.e. JPY fortify ), then GBPJPY could fall over the next few days.

Anyway, Fantastic luck. May the pips be with you.
https://www.nigeriaforextrading.com/trading-discussion/82-esignal-cqg-vttrader.html

[InoxaZamomaa]

5 Attachment(s)
quote Thank you for your courageous reply! I visit the upcoming obvious resistance point (D1/W1) at about 176.80, but it's clearly hugely'overbought' now, as if you say, anything could happen. I could easily be severely wrong too! From victor_ray's link, I find that 89 percent ofnigeriaforextradingmembers are bearish GBPJPY. Strength indiors (see screenshot) say that GBP (D1/W1/MN) is very powerful, and JPY feeble, which does little more than confirm what we already know. I think a lot will also depend on GBPUSD. Its D1 chart possibly suggests the past... Due .Everyone has another point of view for any trade-pair. Jarrat and victor can states anything they whant and take any transaction they whant but I'll stick to my charts with my aims and I'll trade what I predict and exactly what I see.Now I see a possible down movement on JPY pairs.JPN225 is overbought plus there's PA on SR possible down move.If that happens JPY pairs will move down.
EUR/JPY and CHF/JPY PA on SR and those both pairs includes a bearlish divergence.If EUR-USD falls down the possibility that EUR-JPY will follow is high and the CHF-JPY will follow too because the move almost the same.My view on USD-JPY is there's a place for hort too (even that I entered a little sooner ) but price obtained bounced on great SR.(Chart is bellow).Ehhh well thats my poor views about market.Hope I just don't poste a lot of crap.
https://www.nigeriaforextrading.com/trading-system-and-egies/107-gerryvs-laguerre-journal.html
https://www.nigeriaforextrading.com/trading-system-and-egies/100-trades-week.html
https://www.nigeriaforextrading.com/trading-discussion/76-charting-software.html
https://www.nigeriaforextrading.com/trading-system-and-egies/100-trades-week.html
https://www.nigeriaforextrading.com/trading-discussion/94-mind-market-book-review.html

[pablolmga]

Everybody has a different point of view for any trade-pair. Jarrat and victor can states anything they whant and take any transaction they whant but I will stick to my own charts with my aims and I will trade what I forecast and what I see. Exactly!

Every trader must follow their own rules and analysis, and not be distracted by external opinion.

Like you say, there'll always be traders using a bullish view, and many others bearish. That is what makes markets work, of course.

[Guixxembas]

1 Attachment(s) Although I don't like to post sign perspective as but because BogiFx is placing chart to shield the claim which is significantly superior than the his first post only brief it...

So I reckon I'll just add some gasoline...

Right now GbpJpy is stuck between lot of pivots resistant stage along with trendline points. I am expecting tight range in the cicle price range for 2 day. . Then it ought to break down in the top channel beneath the monthly R1 which will be the perfect point to market GJ with stop above the upper channel line.

https://www.nigeriaforextrading.com/trading-system-and-egies/101-pivot-trading-journal.html

[InoxaZamomaa]

quote Exactly! Every trader should follow their own rules and analysis, and not be diverted by external opinion. Just like you say, there'll always be traders using a bullish view, and many others bearish. That is what makes markets work, of course. I believe we all know what happens in the event that you dont follow your egy and your analysis...

[InoxaZamomaa]

Although I don't like to post signal perspective as but because BogiFx is placing chart to shield the claim which is a lot better than the his very first post only brief it... So I guess I'll just add some fuel... Right now GbpJpy is stuck between lot of pivots resistant point along with trendline points. I'm expecting tight range in the cicle price range for two day. . Then It should break down in the top channel below the monthly R1 which would be the perfect point to sell GJ with stop above the upper channel line. picture I was tired so I decided to take a look on forums and I just came .

[pablolmga]

1 Attachment(s)
quote I am short from 175,260. SL is at 176.010 along with my TP is ta 174.00. Perfect call. Congratulations.
https://www.nigeriaforextrading.com/trading-discussion/75-helpful-traders.html

[pablolmga]

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quote Perfect call. Congratulations. image Just for fun....

https://www.nigeriaforextrading.com/trading-system-and-egies/102-account-managers-trades-signals.html

[InoxaZamomaa]

quote Perfect call. Congratulations. image Thanks.

[InoxaZamomaa]

goes up or down any one can tell me Just brief it.There is also a thread around GBP-JPY.
https://www.nigeriaforextrading.com/trading-system-and-egies/98-reminiscences-fx-operator.html