GBPJPY I am selling from here, TP 198.3British Pound / Japanese Yen forum
GBPJPY I am selling from here, TP 198.3
GBPJPY We are barely seeing any pullback/retracement. Just one direction, so crazy
GBPJPY where will it go? 250.000 ?
GBPJPY Sticking with a sell but this can go anywhere. Reminds me of times when I've waited weeks for my trade to go anywhere.
GBPJPY Are we dumping or pumping today? this pair has been on steroids
GBPJPY entering sell based on the fib level very risky with SLGBPJPY This yen currency is dead and buried. I’ve lost all hopesGBPJPY H1 close — under 199.20 = bearish sign
GBPJPY Entry: 199.300Stop Loss: 199.750
Target 1: 198.900
Target 2: 198.600
GBPJPY Yes, this could fall at any moment, but why risk selling a pair that has no clear signs of a downtrend or let alone any downward movement? Let's put things into perspective: Majority retail traders are shorting this pair. Not only that, but my guess is A LOT of retailers have their SLs set above the 200 area. Big money sees this and they WILL grab it before we see any significant corrections downward. Also, if we want to talk about fundamentals, I believe we will continue to see the yen weaken until they raise their interest rates - until then the yen carry will continue and the yen will depreciate. If you are extremely desperate to sell, I would wait for 200.3-200.5 area.