I was thinking of a long around that 88.6 line with the stop below the low, so the trendline at the bottom should offer a bit of protection. It would be a low risk trade. The wedge is holding nicely and could be ripe for a break to the upside. But ...

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

I'm considering a long. This could be the end of the shorts for now. Low in at 228.79 and if this goes back down to around 229.00 then I might put in a long with a stop just below the low (if I'm awake). First target will be about 100 pips up. Now ...

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

UK Inflation data. If over expectation i.e > 2.0 then that will be GBP positive as it could indicate interests rates will not be cut and it if continues to rise that interest rates tend to go up (and so does the GBP).

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

Looks like the bottom support line held and a bullish wedge in the picture (yellow shaded area) is holding nicely so perhaps we may see this long await rise after all? Tomorrow could be the day this beast temporarily turns bullish.

Daily GBP/JPY analysis

Looks like the bottom support line held and a bullish wedge in the picture (yellow shaded area) is holding nicely so perhaps we may see this long await rise after all? Tomorrow could be the day this beast temporarily turns bullish.

This weeks GBP/JPY Analysis & Predictions

That's why money management is so important. You will nearly always get a bounce off support or resistance (larger timeframes) the first time it hits. Taking some profit off the table and moving stops to breakeven + 1 will generally secure the trade ...

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

Just to update, I woke up this morning to see 50 pips banked from the long last night. Happy trading as I'll be on the sidelines for most of today. Big day tomorrow I think.

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

No different to most places I think. The issue is that they bought cheap loans from the banks and then sold them at higher rates. Now that the banks are holding onto their money, they are finding it difficult to find funds. The problem is not with ...

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

Keep those GBP positive headlines rolling!

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

That's because your broker opened an hour later than mine

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

Check Aus's analysis thread, I have posted there (it's in the Guppy Update 2). url Price is sitting on the ascending trendline and stop is below the descending trendline (after the cross). Price can move around quite freely now so risk is a little ...

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

Guys, just taking a small long here at 231.03 with a stop 40 pips down. I will take one entry off for +50 and move stop to be+1 on remaining entry. Target is open for now. I don't normally do the Sunday trade so only a small entry and small risk. ...

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

I thought I'd share some Euro analysis whilst debating whether to remove this 1kt thing. Looking at the weekly (first chart), we seem to be in a rising wedge and approaching the upper resistance line. This looks like a nice reversal point and should ...

EUR/USD Trading Room

Guppy Update 2 So in the mean time, we have been ranging between the recent high of 235 and the recent low of 227 as shown in the purple shaded area. Neither the bulls or bears are currently strong enough to force a break-out. The coming FOMC ...

Daily GBP/JPY analysis

And the charts

Daily GBP/JPY analysis

Guppy Update 1 My analysis has not changed as posted 3 weeks ago. The chart is still in play and I am waiting for price to touch the 238 region. This will be valid so long as 227 holds (which is the recent registered low). Eventual target is the 221 ...

Daily GBP/JPY analysis

Thanks for pointing that out. Another indication that a return to the 234.70 area may be on the cards.

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

Guppy Update 2 So in the mean time, we have been ranging between the recent high of 235 and the recent low of 227 as shown in the purple shaded area. Neither the bulls or bears are currently strong enough to force a break-out. The coming FOMC ...

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

Guppy Update 1 My analysis has not changed as posted 3 weeks ago. The chart is still in play and I am waiting for price to touch the 238 region. This will be valid so long as 227 holds (which is the recent registered low). Eventual target is the 221 ...

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

Guppy Update 2 So in the mean time, we have been ranging between the recent high of 235 and the recent low of 227 as shown in the purple shaded area. Neither the bulls or bears are currently strong enough to force a break-out. The coming FOMC ...

This weeks GBP/JPY Analysis & Predictions