We will range under 138.50 until month end then we will see a break to the downside to 136 initially. . . So playing the range might be the way to go for now and what a nice 100 pip range we are in on both GU, GJ EJ and EU. . .

Auslanco - GBP/JPY and GBP/USD (newstrade)

GU needs a good weekly close below 1.4854 and the next support level it will see is 1.4334 which is where I think it is headed. . . Weekly, daily and the monthly charts all look quite bearish but I do think we will probably see some USD selling ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Bro thanks for the kind words but it's not needed. . . The purpose of this thread is to share views right or wrong so that we can all take a look at constructive views and we should all welcome the debates that they bring. . . At the end of the day ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Okay think about this. . . Last week we had a high of 139.29. . . We then opened and immediately dropped and got rejected at 138.50 after making that high and dropped to 134.50. . . Which tells me that sellers are strong there. . . We dropped in 5 ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Also keep in mind Uj is at weekly resistance and monthly resistance lies just above at 93.40. . . However as UJ gets strong thru usd strength with a weaken sterling and a strong dollar where does that put gj? As gu has dropped 600 pips in the last 6 ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I agree but confirmation will come when we drop below weekly pivot with a close below it now at 136.80. . . Then all that will be required is a test and failure of it and we are all good for 131.50 and below but I'm not expecting to see those level ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Bro don't follow my post I just want to give constructive information so we see the glass half empty and it half full. . . Read my signature. . .

Auslanco - GBP/JPY and GBP/USD (newstrade)

So what about the hourly reversal candle? A close above or below 136.50 will be critical going into 2morrows close! Which would also give us a lower high for the week. . . then I would expect a lower low by month end. . .

Auslanco - GBP/JPY and GBP/USD (newstrade)

Good luck to all on your gj trades. . . see you all down under. . .

Auslanco - GBP/JPY and GBP/USD (newstrade)

Well all I will say is watch for yen strength (and I know many will say why?) but watch for this move over the coming weeks as I believe this move in UJ is temp. at best. . . Many are calling for yen appreciation or dire consequences as their ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Well as far as EU I see no reason for it to go up at all. . . In fact we have broken long term support at 1.34031 so not sure why you see 1.35? What I see is 1.30 as the next support level if it does not close above 1.34 by 2morrow or on Sundays ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

That chart is spot on bro. . . (15 min chart playing out right on target) Corrective abc after 5 wave down makes a lot of sense right? Now I'm looking for an IM (impulsive) wave down to start our bearish continuation with an ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Okay fair enough. . . But according to what I'm looking at 1hr, 4hr and now daily divergence are all aligned and we have hit just shy of my target 138.21 at 138.10 and so far have been rejected from that resistance. . . All I see now is ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

So that divergence on the daily really doesn't matter? Not only looking at a possible pattern (no necessarily that shampoo) but a very obvious pattern GJ has been following. . . And the fact that we made 5 waves down that I can count on the 1hr and ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Well. . . Based on what I'm see 1hr has bullish bias that could take price to 138.20 as been stating since last week. . . However if you take a look at the 4hr and daily chart the forex market is not recognizing this up move in "geppy" and ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I have daily dpp at 135.91. . . and I'm sure at some point we will test is it (maybe). . .

Auslanco - GBP/JPY and GBP/USD (newstrade)

UJ looks a bit toppy up here and 1hr and lower TF's look a bit OB atm so I'm looking for a pull back in at 91.50/91 area. . . to test the breakout support. . .

Auslanco - GBP/JPY and GBP/USD (newstrade)