GBP/JPY Discussions

[Mysticforex 13]

An as yet unfilled weekly gap @ 15209, and an unhit Daily pivot @15309.

[tradingwizzard 10]

I don't believe in gaps......some are looking at them as continuation pattern, and not mandatory to be3 filled

[Mysticforex 13]

That Great ! I can believe in Gaps and you don't have too.

 

I only have experience with Forex, and nothing is 100% .

[tradingwizzard 10]

That Great ! I can believe in Gaps and you don't have too.

 

I only have experience with Forex, and nothing is 100% .

 

I would settle with 90%

[Mysticforex 13]

2 weeks in a row, 2 Gaps in a row. Last week's Gap not filled . I also have 2 Daily Pivots ( below current price ) that were not hit. The only TF I have worth watching for a short is the 15M Chart, and if triggered would not take it down far enough to fill the Gaps or hit the Pivots.

There are also times when though when price goes much farther then the target provided by our setup.

So for me, for now at least, just make a note in my "Watch" book. I have often thought of GBP/JPY as a proxy for Risk Appetite . And I think the Tension caused by possible events in Syria has been priced in already.