Quote:
Originally Posted by kolachi
Hi All,
Finally time has come to carry trade gbp/jpy (the beast) till it reaches 220 handle. The wma5 has changed slope and a journey towards ema21 is underway. Please keep in mind that this is weekly chart and it may take few weeks to see that level. It is an opportunity to grab 900 pips. However, position value should be such that any move against the probable direction should not cause any emotional stress.
Dont forget that it is my personal view and not a suggestion to trade.
kolachi
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It's funny that you should mention that Kolachi
I have been LONG on GBP/JPY since 206.00 And I too am looking for the 220 area, possibly higher, but I am having trouble seeing it go higher than that. I don't predict though, I let it unravel before me among the moving averages.
Hope all is well....and I like Kolachi am not recommending a trade, I am simply sharing my opinion....
Zack
