GBPJPY Price hold ABCD in the making

FX:GBPJPY   British Pound / Japanese Yen
262 9
As last weeks chart predicted a AB=CD move might be in the making. Expect last weeks prediction to continue.
it is very hard to predict were is stop........market messy .......
short from 136.395
TAS FxRanger
That's a good entry. Yes it's going sideways, this is how I think it will go from here
133.857 ??????
TAS FxRanger
My stop was fist at B not at the trendline test, I got in some days ago
Hi. Really good idea, where is the stop for short ?????????
I like this analysis but I doubt this will happen in the next few days/weeks. We will have to go up a bit more maybe to the mid to high 150s before we continue the plummet. Even according to your chart the 34MA has already crossed above the 200MA which is a bullish sign. I think the better trade is to wait for the price to come down to the 133.00 -134.00 area @ your 200 MA then go long. Here is what I think. I hope you tell me what you think. Good lick to all of us
TAS sam.aziz
Thanks for the comment. I see what you are saying. I'd like to see a cross of that support to feel more confortable.
Yea i just looked at the other yen pairs and people seem to be divided on them as well lol. I agree that we are going down without a doubt. This is a massive downtrend I just differ with you "and the others" about when and what price would be ideal to sell. I guess time will tell. Thanks for sharing :)
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