Noted (I think). Have been trading this pair for some three years exclusively and am well experienced in its rapid moves, not always in my favour. There have been times when I may have used inappropriate language at this pair, but have never been so ...

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

GJ — Ah, it appears your broker closes early. Gj closed the week at 135.7

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

GJ, my update — Subwave b of (B) completed at the bottom of wave 5 as expected. Now awaiting the retrace for wave c of (B). Grey area on chart shows all possible areas for retrace, although I prefer the 50% fib level, coinciding with the 1 hr ...

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

Off to bed. Its 1-30 am here.

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

GJ — GJ may look like it's just ranging, but it's been hard at work. In my opinion, we've had 5 waves to the downside, which I'll call wave (A) completed close to where I expected at 135.28 and it's now in wave (B) to the topside. Subwave A ...

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

GJ 4 hr — image

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

Absolutely agree, except that any move to the top may only result in a double top. There is bearish divergence on the daily and hidden bearish on weekly (if they can be believed). Weekly pivot also sits at 138 and 1hr 200sma just below.

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

GJ — GJ has, in my opinion, gone down too far for this to be a wave 4. But it still could be, meaning a retrace to the top and beyond as wave 5. I don't think that's going to happen, though. This is probably a wave A. If it doesn't go down ...

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

GJ — Don't forget the lower trendline that GJ bounced off several times yesterday. It comes in at around 135.15. I anticipate a bounce there.

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

GJ — I think we go down. And a possible H&S on GU.

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

GJ — Hopefully next wave down should see us at the bottom of the channel (and at the 61.8 point).

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

GJ — Am expecting a bounce at 135.25 to go up for subwave 4. 135.25 is the 61.8 retracement of the upmove from 132.5, the bottom of yesterday's diagonal triangle trendline and also the 4hr 100 ema. If so, that would also be the bottom of wave ...

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

GJ — Might be wrong on this, but ... have been sitting counting subwaves on this thing as they come and go. We completed 5 waves to the downside,(135.688) then an ABC which took us up to 137.200. My wave count now INDICATES that we have now ...

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

GJ — Looking at this thing from a different perspective, we just completed 3 subwaves to the top (15 minute) coming off the low of 135.7, (that bullish wave being wave 4, subwave 2). It's just possible that we're now heading down to complete ...

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

We'll see how a TL retest goes (if it really was a trend line)

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

GJ — Thanks for setting up this forum. The new rules are most welcome. FYI, a down facing (bullish reversal) wedge can now be seen on the 1hr GJ chart

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

Don't forget we are trading the POUND against the YEN. The dx has little relevance as there is no USD component.

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

To be exact, 120.96

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

Good or bad?

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

A chart put up by Raza grabbed my attention. Firstly, let me politely state that I think Razza's wave count is wrong. But then, in looking at Razza's chart, is it possible that GJ is about to remain locked in a downward price channel and all this ...

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