I just believe there will come a point where the low needs to be tested again. I can see lots of resistance at 238.80 so I believe that will be the high until the retest. Bed time here also.

Daily GBP/JPY analysis

I've been waiting for a nice retrace back to 233.00 so I can load up more longs. Instead it has kept going up so I might have to wait for the upper trendline to break. Though it's bedtime here so I may miss all opportunities (keeping two long ...

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

If it's not a technical channel, then just take the bottom line as a trendline. The upper line is not so important. It has two connection points in the attached chart, but they come from different directions.

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

No problems. I just want to be absolutely certain that the newbies here don't blame my charts for their losses. When I was a newbie, for some reason or another, I could not be profitable even when I was following profitable signals by experienced ...

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

I should also mention that if the bottom channel line breaks, then that will be a nice short entry back to 229 although I'm not expecting that to happen.

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

I should also mention that if the bottom channel line breaks, then that will be a nice short entry back to 229 although I'm not expecting that to happen.

Daily GBP/JPY analysis

I should also mention that if the bottom channel line breaks, then that will be a nice short entry back to 229 although I'm not expecting that to happen.

This weeks GBP/JPY Analysis & Predictions

We have come to the test point. If anyone didn't enter long off the bounce (from the bottom channel line) then another opportunity is coming. If that upper trendline breaks then a 400 pip long should be in order. A total of 600 pips from the bottom ...

Daily GBP/JPY analysis

We have come to the test point. If anyone didn't enter long off the bounce (from the bottom channel line) then another opportunity is coming. If that upper trendline breaks then a 400 pip long should be in order. A total of 600 pips from the bottom ...

This weeks GBP/JPY Analysis & Predictions

We have come to the test point. If anyone didn't enter long off the bounce (from the bottom channel line) then another opportunity is coming. If that upper trendline breaks then a 400 pip long should be in order. A total of 600 pips from the bottom ...

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

Look at my chart a few posts above. url . We need to go up before we come down! Z

Daily GBP/JPY analysis

DOW is back to the 61.8% level.

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

I'd say we are due for a retrace (back to around 233.00) but I don't think it will go down 200 pips. If it did, we would probably go into freefall (as it falls below the lower channel line).

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

Those bulls are slapping the bears around a bit. Lots of resistance here but I have faith. The bulls should get through.

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

Whichever way it breaks, I'm in. I have a reversible bear/bull suit that is very useful!

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

We are still confined within the trendline and channel. It will be safer to wait until one breaks before taking a direction. I think it will break upwards but I'm not always right. Chart (from earlier today) attached.

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

Yeah, I went long at 232.00, just as the bottom trendline hit. Small risk and I was ready to reverse just in case it broke. I've already taken some off for profit and if the low 233 area prints, I'll add more. Profit locked in on other entries also. ...

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

The chart has a straight line up to the 238 region. There is not enough detail to see smaller type of activity, however, I'm expecting not more than a 50% retrace to the low 233.00 area. Then we should continue up to the upper trendline. That will ...

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

Here is a chart I posted yesterday (shorter term - should occur within a few days). Market is going according to plan. I do expect a retrace of sorts now at 234.00 but I expect this to go to 238 (today or tomorrow) and then we will see markam jump ...

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

Sorry, I can't see any butterflies at the moment (well, I'm not looking for any either). That is just one of many harmonic patterns.

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