Wow, looking over the weekly chart and discover we are in for one nice ride lower before we head any higher. . . Next week will be a bear week and we are going to see some shape moves lower before heading higher. . .

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

ard that area with a dip below. . . We were just rejected by 4hr gann and now a test of support below should be the target. . . esp. if we close below DPP yet again. . .

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

Based on what I'm staring at we may in fact test 139.70/50 before heading up to 147 by the end of the month (beginning of March). . .

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

= = = =

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

Just joking my friend. . .

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

That looks like a double headed monster with a hunch-back right shoulder . . .

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

This thread is too too funny. . . Can u believe this?????? This has made my day - "As The FF Churns"

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

Expect this type of tight range action with occassional small breakouts for the rest of the year - This is now the world we live in trading in the FOREX market. . . Having said that best to adjust to current market conditions to be able to survive ...

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

Yeah I saw that almost dn $21 off the high. . . EU and GU dn as well. . . I think some bad news is forthcoming after the market closes and we will probably see more of a slide shortly. . .

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

Anyone know why the sell-off???? I can't see any news right now. . . Any late news????

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

Yes the 4hr chart will play out 1st and if you look at it we are are headed lower for a re-test of support . . . The perfect scenario is to have the 1hr, 4hr and daily divergence all heading in the same direction which looks to be where we are ...

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

Scrat, I agree 140 is the line in the sand and if taken then back to test support however this time I don't think it will hold I think we will go straight to 137/136/135 area. . . However, If you look at the daily chart it says otherwise which we ...

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

yes daily = 24 hrs from the daily close. . so we could see dips overnight below these level but what matters is how it closes at the end of the day.

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

Buy dips on GJ bro for 147.15 later this month. . . dips should be from 140.50-141.50 for a 600-700 pip move up. . . to test 147 again and higher. Take a look at your daily chart and the bullish divergence there. We are just hitting the tip of the ...

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

A daily close above gann will yield higher price with a bounce off 141.88 up to 145.06-145.52 1st stop. . . Watch the daily close today. The weekly chart is also suggesting higher price all the way back to 147.15 to start - so I would keep tight ...

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

If it gets above 146 area next stop 149 with some pit stops in between (147.24/148.50) then 153 then 155. . . Currently we are trading below weekly and monthly gann so I suspect we should see at least a test of the breakout at 143 area - don't think ...

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

Well the daily chart says we have room to move up but the weekly suggest whatever upmove comes will be capped. and right now GJ looking straight at daily gann and weekly 5 sma. . . So unless we get some bad news during Asia I suspect the market will ...

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

U are right on target my friend... weekly 5sma and daily gann always get a touch sometime during the week and since 2morrow is Thursday - We should see a BS move and I suspect it will be thru cable/sterling buying/spike up. . . 143.20 ...

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