----GBPJPY----

Based on GU, I think it's going down...
GU has been too long high above, while GJ in between death : not going anywhere

too bad I can't watch this evening excitement...
me, Santhi & David going to leave office on 4.45pm to watch 2012 tonight...

2012 is even more exciting then watch out for enormous earthquakes and volcanoes(oops spoilers )

can sense the whole world looking at GJ.... waiting for someone to start the ball rolling...

descent on GJ has begun?

if it break below 148.00 then I guess it started to descent ady...

GJ really down tonight... break all my triangle line...

Based on my last night chart...
seems like GJ still holding up above the line I draw @ 147.354...



don't know today can still support at that line or not...

I guess GJ cannot holding up high anymore... most of my fibo lines has been break down...



those light green & dark green lines I've drawn early of the month on 1/11 & 5/11

Should be big drop downwards..... all the way... might be the main trend for GJ...

Continue frm my previous chart with fibo lines...
Double top or double bottom?

random...

seems like market is selling off YEN...

very intense just now at 5.30... whew... like the whole entire forex market gone nuts.

yeah I know...
GJ going down...down... down... at that time and GU & EU maintain high...
down almost 130pips...

my long position in demo account managed to closed before big drop at 3.05am (US time)...

this is 5 mins chart:


60 mins chart:

seems at the moment, GJ holding on above 143.261...
the white line in 60mins chart below I draw on 2/10/09... last month

It will be boring night...
I forgot US market close tonight for Thanksgiving holiday...

yup... well it's good, at least tonight can sleep peacefully

The selling of Yen & Dollar pair continue today...
GJ this morning even touch 139.xx price area

Long time didn't post here... since I'm taking break frm live trading in Dec for holiday season...
Recently I'm testing my demo account with this indicator called McGinley
seems working fine whenever it cross the blue line



the latest, just cross up green candle... so I think the price will move further up...
I will post update on this...
currently holding long 50k position in my demo account open @ 145.155

Ooopss...
wrong interpretation... it didn't went up high, just a bit after I post the chart last night
then the blue line cross on red candle ady...
so going down as u can see in today's chart



In the afternoon:

Frm my calculation, GJ is forming wave 3 at the moment...
Target until 145.50 - 145.70... at most until 145.90++
as long as it didn't break yesterday's low at 143.84
I'll upload the chart tonight when I'm back home.

Caution: I might be wrong as well.. we'll see

Updated the chart



Update: Stuck at 0.618 fibo line last night...

Frm another point of view... GJ looks like want to go down after touching yellow line at 145.10



hmm...

It dipped down alright. haha

Dipped down alot until 138.xx last Friday...
On last Thur drop frm 142.xx -> 139.xx

My charts all throw out the window ady...
maybe need to study it again...

Where is GJ heading now? Ascending Triangle seen in D1