Another nice little move up. I have a resistance level on my chart at 237.75 were price has justed bounced off so it could possibly be a reversal point also we are at the midpoint of a channel I have on the daily. Personally though I am looking for ...

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

Yes thats correct also I have a decline t/l (close) from the daily chart starting 23/01/07 giving support at around 236.75 which in my view is strong. Your short may yet work out and hopfully you will manage some profit from it.

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

There is good support between 236.5 and 236.7 with luck it will hold.

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

Excellent trades Breeze and helpfull to see how you handle your trades (ie moving stops) along the way, with the supporting info giving credence to your trades.

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

Good Morning I'm hoping the high of the F/L open at 236.23 will provide support and a possible?? low risk long entry point.

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

The high of the F/L open is 236.23 this should/may be support and a possible?? long entry point. Lets see!!

Daily GBP/JPY analysis

So far looks like a good entry and is now above the upper rising t/l and another declining one (not shown). Lets see whether the Londoners continue long. Should find some support off the rising t/l.

Daily GBP/JPY analysis

Good morning, My entry 235.5 with an initial target of at least 237. May fall but is visually an excellent place to long in my view. Pivot at 235.83 may be a stumbling block also the high from the 23rd.

Daily GBP/JPY analysis

Interesting Weekly Bar — .

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

Good morning all, Price nicely touched the daily declining t/l proving good resistance, I had expected it to reached 237 with the momentum this morning. Nice to see the t/l work though. At an area of resistance so could pull back some to 236 0r ...

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

Chart showing this mornings entry.

Daily GBP/JPY analysis

Good Morning, We are definatley still long this morning. At a strong resistance level here after making it past 235.5, a trend line from the two previous highs and the highfrom the 23rd 235.80. I was long from friday but got stopped out after ...

Daily GBP/JPY analysis

GJ has retraced (a nice retrace Islander) and found support at the the 234.2 level. Up against a smaller declining t/l which I hope will break to take us north. Price is compressed now between the lower red t/l and the 235.5 level, when either of ...

Daily GBP/JPY analysis

Good to see your posts again Islander.... and interesting analysis. Are these reversals retraces similar to this morning or more significant changes in the the trend. A very high % though, could be a nice high probabilty and profitable method for ...

Daily GBP/JPY analysis

After a day trading the beast I need a drink that size. By the way its your round .

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

Thank you for the words Pips_Cruiser... Nothing at all to do with the 5sma just an area off S/R I see on the 4h chart. I don't trade Aus's method (although I do respect it) just basic S/R T/Ls.

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

Daily Channel?? — Interestingly the mid point of this channel will be around 237!!

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

Daily Channel?? — Interestingly the mid point of this channel will be around 237!!

Daily GBP/JPY analysis

Good Morning, Still looks long to me. Broke out of the wedge this morning and is almost at the 235.5 level, may retrace some maybe down to the 234.20 area, before moving up again but there is a chance it will carry on trending up from here. 235.5 is ...

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

Still looks long to me. Broke out of the wedge this morning and is almost at the 235.5 level, may retrace some maybe down to the 234.20 area, before moving up again but there is a chance it will carry on trending up from here. 235.5 is strong ...

Daily GBP/JPY analysis