GBP/JPY daily signal

[chris]

Looks like a daily signal is going to be there today (13 Sept).

I'm a little worried because the 4h looks like it might go up for a little while before it continues down any further.

Any comment?

Thanks,
Chris

[chris]

Thanks for your reply ALX!

I decided to take the jump and right now it looks good (up 20 pips). We'll see how it develops...

[Gally]

I've got Support at 15000 from early Sept (also a big psychological level of course), so am waiting for it to break that. If it does, it should fall quite a bit further. Of course, just in getting to 15000, you've got 70 odd pips

[chris]

This proved to be a very good shot. Still some room to go until it hits strong support about 149.50
I decide to wait a little to see if i can get it at better price. Indeed, after about 40 minutes half of the Sunday gap filled and I entered there adding some 20 extra pips.

Yeah, I did the same. Got in at about 150.80. Just got up (yawn!) and it looks like the pair bounced off a weekly pivot point at around 149.96. I don't quite trust it but then I've done it before where I got out and the trade went just as predicted.

[chris]

I set my GJ trade to B/E. If I get kicked out so be it.

What do you guys think about making threads for the various currency pairs so we can discuss upcoming trades? Then again it might be difficult for the 4h with all the different brokers out there.

[Gally]

Good idea, will help to note S&R levels too.

[chris]

Good idea, will help to note S&R levels too.

Great! I sent Marc an email to see if he's got any preference for a forum area.