Open trading account 
Carry trade or yen crosses are rolling over. Hourly charts are turning towards bear territory. RSI indicates bearish divergence. This means the price needs to correct to this indicator which it has not done yet fully. So the obvious sign is more downward momentum to come. GBP/JPY shorted at 149.82 with stop loss at 151.50 and take profit at 148. Here is the chart.
Amogh's Blog
GBP/JPY short trades are in play
gbp/jpy short trade is in play at 145.21 with stop loss at 146 and take profit at 144. With bank of england dovish approach. Pound lost lots of ground takiing with it gbp/jpy down. right now the trade is in profit.
Yen Crosses break the downtrend
Yen Crosses break the midterm downtrend. With the fed decision, market is returning back to take more risk. It seems that global market is rallying and risk appetite is on. Gbp/jpy broke the downtrend at 141.50 it is now heading for 143 and most probable can go as much as 145 on this leg up. Here is the chart.
GBP/JPY has bounced from the lows: fade the rally
Gbp/Jpy has bounced from the lows: fade the rally. This rally is hitting the resistance of 140.10. If this resistance holds for awhile then it is a perfect setup to initiate short trade again. check out this chart which says it all.
GBP/JPY short trade closed with a profit
Gbp/Jpy short trade opened at 140.91 with stop loss at 141.20 and take profit at 140 was finally closed at 140.45 adjusted stop loss.But since then it has declined further down. If this price trend continues and breaks the major support at 139.50 I will reiniate the short trade again.
Short GBP Election trade going on.
I got couple of profitable trades selling GBP with the result of UK Election. I sold gbp/jpy at 140.47 and booked profit at 139.70 and similarly sold gbp/usd for 1.2693 and exited at 1.2650 with a profit of 42.8 pips. There was an instant bounce in price so I am waiting it out to initiate another short trade at this point.
Yen crosses continue to draw my attention with particular focus on GBP/JPY and AUD/JPY.
Yen crosses continue to draw my attention with particular focus on gbp/jpy and aud/jpy. Aud had some wild swing recently. If there is aYen crosses continue to draw my attention with particular focus on gbp/jpy and aud/jpy. Aud had some wild swing recently. If there is a bounce in Aud/JPy now it will be ideal point to sell it at around 82.60 level. Here is an hourly chart. bounce in Aud/JPy now it will be ideal point to sell it at around 82.60 level. Here is an hourly chart.
Risk is off the table for now. Yen crosses taking a big time tumble
Market sentiment is anti risk. Risk is off the table amidst the political turmoil in US. The biggest gainer is Japanese yen and so the yen crosses accross the board has tumbled big time. I have profited from short trades including Aud/Jpy, Eur/Jpy and Gbp/Jpy. Here is the chart of the Gbp/Jpy for the illustration of the tumble.
GBP/JPY is also caught in a tight range
GBP/JPY is also caught in a tight range. The range has however matured and is in the verge of breaking out. Right now it is at 127.58 The range top is in 128.22 and the bottom is 126.00. Now that the price is starting to turn down from the top of the channel it may be a good time to enter short trade.
GBP/JPY analysis for the weekend. Caught in a tight range.
GBP/JPY pair is breaking out of triangular formation. And keeping the long term bearish sentiment for GBP and risk involved in market. The pair is likely to fall in days ahead. With world markets struggling to keep theri heads up the water. I believe risk aversion is soon to kick in with much vengeance. Right now. GBP/JPY is at 126.92. It is caught in a tight range of 128 at top and 126 at support level. So breakout is eminent. I eigther look forward to enter short trade on a significant break o…