Bro to be quite honest with you. . . I agree with your point regarding bullish tendencies on both weekly and monthly. . . In fact I think we have already seen the low for the year and will be heading back up by Q3 of this year. Just in time for the ...

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

feardox, I see a very clear senario based on the daily, weekly and monthly chart; 1) The daily is pointing right toward 139.25/50 area which should be a huge cluster resistance. Failure there and we see monthly support at 128.50 area. . . initially! ...

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

Very good observation. . . Based on the 1hr chart it suggest the potential to go back and check resistance at the DPP before a move lower to work off the downward pressure on the 4hr chart. . . If the 4hr chart plays 1st I see a potential for price ...

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

Bro least resistance is down. . . There is a lot of wood to chop to get to 139.25 with several pitstops on the way. .. but as you have stated we'll see how this plays shortly. . . If we get a 4hr close above 136.56 with a test of that support I'm ...

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

Not sure about those TL but looks good to me. . . But here is a simple naked chart that shows me a roadmap. . . I used this road map for shorting all the way dn. . . I would think it would be the same for the up moves. . . As can be seen we would ...

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

1.0211/14 was the buy point - thxs for correction - should have said 1.02 area. . . and yes it will reverse and reverse hard. . . ucad is in a nice range and has been for a couple years now. . . buying in this area for a 600 pip leg up is the way to ...

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

Yep we are on the same page. . . In order to see 139.25 we need a daily close above 136.55 and right now it looks like it was rejected on the 1st attempt this a.m. CST. . . the daily swing suggest we may see a pullback to at least 134.30 area with a ...

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

yep the buy was at 1.020 area. . . support at 1.0245/30 test would be another entry. . .

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

yep if we get there. . .

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

Agreed but I think if we see above 139.25 that would spell reversal as 139.25 would become significant support once again. . . but I'm not so convinced we will see those levels until I see last weeks high taken. . . and we have one more day to do so ...

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

Overall I'm bullish cable above 1.4850. . . we will see 1.60 by Q2 but a test of the low (1.4870) or at least near it is not far fetch. . . But I don't think the absolute low (1.4780) wil be taken

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

Looks like distribution to me but I guess we will soon find out. . .

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

As stated 1hr divergence should play out. . . But let's see what happens.

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

It's 1hr support. . . Break there and we go to 4hr support - 135.20/134.90 area. . . If that breaks then back to support at 133.80/90 area

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

Here is my daily chart with gann = blue dotted line. . .

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

Agreed but two things to watch - the 1hr bearish divergence and the daily close above or below gann. . . 135.55/69 is 1hr support a 1hr close bwlo that see 135 and 134.40/60 area where we could get a bounce. . .

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

1hr and 4hr are rolling over so we could see a pullback to 135 and even 134.30 with a spike down to 133.90 before we resume the upside momentum. If we fail at those points we could even go back to test near the low. . . 135.69/135.55 will be the ...

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

Both ucad and eur are in a consolidation mode. . . ucad = 1.07050- 1.0245 has been for for quite awhile 10/09. . . euro has also fallen into that mode with 1.37 being the top and 1.3450 being the bottom. I f you look at eu's daily chart there is no ...

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

Scrat, Nice observation. . . Also consider if we get another daily close below daily gann then we may see a test of 132.20 area. . . This would mark the 3rd day in row we have gotten rejected from daily gann. . . Even if we see a spike yp to ...

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

Bro gold headed south so would be careful on the larger scale. . .

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