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I couldn't find an active GJ thread, so please share your analysis of this beautiful pair with us

After last weeks rally, we just had a 50% fibo retracement, I'm expecting the bullish move to continue and target is the daily 50% / 61.8% fibo level.

We have a daily candle close above daily gann hilo, would love a daily candle close above daily 50ema, it would be a good confirmation.

http://img267.imageshack.us/img267/9469/17882622.gif

http://img838.imageshack.us/img838/9065/gjdaily.gif
Trade what you see, not what you think.
I couldn't find an active GJ thread, so please share your analysis of this beautiful pair with us

After last weeks rally, we just had a 50% fibo retracement, I'm expecting the bullish move to continue and target is the daily 50% / 61.8% fibo level.

We have a daily candle close above daily gann hilo, would love a daily candle close above daily 50ema, it would be a good confirmation.

http://img267.imageshack.us/img267/9469/17882622.gif

http://img838.imageshack.us/img838/9065/gjdaily.gif
wow.... he lives. sup bro. long time.
wow.... he lives. sup bro. long time.
I'm doing great thank you, how about yourself? It's good to see you
Trade what you see, not what you think.
I'm doing great thank you, how about yourself? It's good to see you
thanks bro. doing ok myself. pretty active in euro than geppy these days. will check in time to time if i see something in geppy though.
wow.. welcome back mate.. always a pleasure to see you around..

.........Wellcome back and good luck with the thread, gbp/jpy needed one...... will come back if you allow me.......
The Chonchy
wow.. welcome back mate.. always a pleasure to see you around..

Good to see you too bro

.........Wellcome back and good luck with the thread, gbp/jpy needed one...... will come back if you allow me.......
Thanks, nice to see you guys still pippin


Let's get down to analysis.. we had a near 61.8% retracement and now waiting for a 4h candle close above 4h gann and 4h qqe to cross upwards, that would be a good bullish confirmation and target would be daily 50%/61.8% fibo levels

http://img10.imageshack.us/img10/7903/15721271.gif
Trade what you see, not what you think.
.......Good analisis, I agree is bullish this pair also, good luck to all.......
The Chonchy
The way I see it... simplified...price is coming to an interested intersection. Should it cross the lower Bullish Trendline then it might cross the lower Bearish as well. Should it bounce from it, then we might see price going toward 127.00 (especially if BoJ would intervene, I would say this wold be the destination). No more trades from me this week, it is just to crazy with all the news. I would hit TP today but I closed the trade 40 pips sooner. Crazy market.
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Oh look, price landed. What a surprise. NFP tomorow can push price in any direction.
The way I see it... simplified...price is coming to an interested intersection. Should it cross the lower Bullish Trendline then it might cross the lower Bearish as well. Should it bounce from it, then we might see price going toward 127.00 (especially if BoJ would intervene, I would say this wold be the destination). No more trades from me this week, it is just to crazy with all the news. I would hit TP today but I closed the trade 40 pips sooner. Crazy market.
Great analysis, the TL held and we had 88.6% fibo retracement, tomorrow is crazy friday and anything is possible.
Trade what you see, not what you think.
If I may say a few things...I don't wan't to hijack the thread

There are 2 Trendlines in Descending channel, first one that was broken a few days back, and I believe the second one, that is more parallel to the Lower descending trendline and might be important in next days. Price only went North till the first one. Accidently in the proximity was one of the 4 very important EMAs for this pair, The 20 EMA.

Price action today is Bearish Pin Bar, but since it is inside of the Price traffic it usually has the inverted meaning. However, as it was said, tomorrow is a NFP and anything can happen.
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If I may say a few things...I don't wan't to hijack the thread

There are 2 Trendlines in Descending channel, first one that was broken a few days back, and I believe the second one, that is more parallel to the Lower descending trendline and might be important in next days. Price only went North till the first one. Accidently in the proximity was one of the 4 very important EMAs for this pair, The 20 EMA.

Price action today is Bearish Pin Bar, but since it is inside of the Price traffic it usually has the inverted meaning. However, as it...
This is everyone's thread, every analysis of GJ is welcome, thanks for sharing with us

Let's wait n see what NFP brings..
Trade what you see, not what you think.
salam bro
i have been sent you a message right now, did you get it?
NFP was good to us today, not too crazy up n down lol

The TL held well and GJ bounced and we have a 4h close above 4h gann hilo and 4h QQE cross upwards, there is good momentum upwards towards the 61.8% fibo, would love to see a close above the daily 50ema (green line) since it's been a tough resistance to cross since beginning of May.

http://img11.imageshack.us/img11/9701/45442061.gif
Trade what you see, not what you think.
For new traders...a few basics why North was a preferred way to trade:

1. The day before we had Bearish Pin Bar, but inside of a price and that has a reverse sign where the price is going
2. The day before price hit the trendline
3. Today we got Inverse Head and shoulders formation on 15M time frame, price tested the Trendline and Trendline hold and it was confirmed by
4. price making a Higher Low of the Trendline

Those were my reasons for the Buy trade. However I made a mistake again, my psychology didn't hold and I closed the trade with some 48 pips profit instead of putting the SL to BE and run the trade, that would be about 170 pips. However, I till executed the trade according to the plan and the plan was to close the trade at 20 EMA 4H candle. If NFP data would be volatile there could have been a gap in the price and I didn't want to risk a profit to turn to loss.
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Where the price is going (my view):
On the Daily chart we had a very Bullish Bar, many times next day we see some pull back to approximately one third or even half of the Bar. In this case I would like the price to come down a bit and test the Trendline as it closed above it and right at 20 EMA. If the test will be OK then we have another Trendline to cross. Early entry would be 122.2 - 122.3 area with 25-30 pip SL but it al depends where the price is going to open and how it will behave.

On the Weekly chart we got another Bullish Pin bar, just like the week before, except that this week's one can also be called Inside Bar. Since the price doesn't really have a momentum yet (the large movements were caused by extreme news events and not by momentum itself) we can not be sure that price would fly North. It is quite possible to get another Inside Weekly Bar. If however price will fly away North from 122.2-3 area then usual GBPJPY Weekly move of 230 pips could land at 20 EMA Weekly chart, at 124.7 area.

This is just my view, I am not giving any kind of signals and I never will, everyone must decide by themselves how to trade and everyone has to take responsibility for himself.
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We just had a 38.2% fibo retracement from last weeks rally and price retraced down to daily 5sma and DP, price is still above 4h gann, daily gann, and 1h/4h 50ema, all good signs of bullish continuation but who knows.. if 1h QQE crosses back upwards and we get a 1h candle close above 1h gann hilo, I would expect price to go up to 124.50 atleast

http://img809.imageshack.us/img809/8443/33748246.gif

Trade at your own risk!
Trade what you see, not what you think.
Huh, we just had 61% retracement Karmostaji, is it true that with such large retracement we usualy get large move in the oposite direction?
Huh, we just had 61% retracement Karmostaji, is it true that with such large retracement we usualy get large move in the oposite direction?
It's nuts lol, to be honest with you, I don't like this large retracement we just had, I don't know what to expect now, gotta wait and watch GJ see-saw
Trade what you see, not what you think.