I like your signature Ken. Sad but true!

Daily GBP/JPY analysis

Price is around 16,337. I don't follow it so I don't know how far up it is.

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

Note that the time is London time.

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

Maybe you should enter a short.

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

I got my chart up. It was slow but eventually came up. Price matches also.

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

Time to chuck a few shrimps on the barbie

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

Expecting a retrace of sorts now (downwards). Rising Wedge in the picture.

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

If you are thinking of a big plunge on the dow, then I would be in agreement with you although on a more longer-term basis. We need some consolidation now on the dailys so I suspect a range of some sort to come (for some time yet) and then we should ...

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

Sorry for all the posts but last long opportunity will be at 232.16 to 232.00 (assuming it prints) before hitting 234.48 (then reverse for a big short!). Stop will be somewhere below 231.50 Happy trading and time for the gym here. Z

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

A few more hits and it's gone. I'd say we are now forming an ascending right-angle triangle.

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

Target is as previous 234.48. Looking good already Hi Daytek, didn't know you visited here. Z

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

Just entered a small long here (232.11).

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

As long as it holds. If it doesn't hold then those targets are no longer valid. If it does hold then a harmonic pattern is in play. Z

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

Isn't it really early in the morning is Aust now?

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

How do you get bored reading this thread? Way too many posts to read for my liking. How does one do any analysis?

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

As long as 231.80 holds, next target is 234.48 and then we are heading down again probably to the 227.00 level Z

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

The above was posted over two hours. Don't say you weren't warned.

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

Yes, that left shoulder that was previous resistance (during Asian session) will now turn into support. I have it at 231.55

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

I have support at just above 231.50

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

I don't know whether it will go that low. 231.50 looks fairly strong.

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