IvanLabrie
Long

GBPJPY: trend reversal or large scale retracement

FX:GBPJPY   British Pound/Japanese Yen
768 13 27
The monthly downtrend appears to be about to end. After the month closes, I expect gbpjpy             to head back to the 160 handle over time at least. You can go long risking a decline below 132.233 once the market opens today.

Good luck!

Ivan Labrie
Trade closed manually: Closed for now, good profits. I'll reenter if need be.
Comment: Got back in like with USDJPY, 29 pips discount.
Trade closed manually
Comment: Good profits, but time to bail. Last: 138.42
ill be placing my sell limit in 134.37, would that be possible? TP @ 125
Reply
Hi, I don't generally use limit orders. Set an alert instead.
Reply
sell or buy sir?
Reply
it will go down or up?
Reply
Guys did you not read this?? Ivan predicts an end to the current trend, which is??... So he think the market will change and thus go...?

Up! With a stop somewhere lower than 132.233. I think :)
Reply
IvanLabrie PRO RJHumphries
Hi, yes, exactly. That's what I think. Thanks for clarifying it.
Cheers
Reply
am currently long on that pair, looking to add a position today after a higher close
Reply
I think at least 140
Reply
Dam sure
Reply
PHILOOS optimistic
I believe we need a leg more down and then upto 160-180. It fits on the monthly chart
Reply
Hi, yes it's possible. This is a volatile pair. The last bottoms have had big volatility so i don't discount that possibility.
Reply
Yeah man lets keep an eye on this next week
Reply
IvanLabrie PRO RJHumphries
Hi, I'm holding yen long positions and flat GBP. The big move in GBP pairs might retrace for a while.Have a nice weekend.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out