FX:GBPJPY   British Pound / Japanese Yen
177 5 4
Momentum is finally waning in the sharp down wave on this pair.. we have broken the trend line and although there may be a sell in play right now watch for the bigger move set up for a buy back up to the higher trend line . Lets see if we get this set up this week..
Interesting chart! how do you feel about the strength of the Yen next week? I am kind of hoping for an icnrease
docholliday lukelehepuu
see this one
lukelehepuu docholliday
Fair enough :) I think I am looking at a bigger TF,
docholliday lukelehepuu
Could have a bit more downside, but to me at this point is looking limited.. certainly will not buy until I have a nice set up.. some go .. some don't .. if they don't I do my best to limit losses.. and the ones that do.. I try to max out ;).. we will see.. Im already in UJ so will have to be really nice set up for me to buy in.. don't like too many eggs in same basket..
lukelehepuu docholliday
great philosophy to have, I like the pairs trades, buying GBPJPY and selling EURJPY or something along those lines! I am short GBPJPY as I expect there to be a further decline in the indexes, historically speaking GBPJPY has followed it down when it does, so we will see! good analysis :)
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