This message still applies too! :-) Anyone else that has a message that still applies? ;-) NM

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

200 DAILY SMA is above at 145.50 100 DAILY SMA is below at 142.50 This could shape up to be a battle similar to those we saw last October (which involved the 50 and 100 SMA - as well as overhead 200 SMA) and January. Be careful. NM

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

100 DAY SMA is at 142.50'ish, which will provide resistance. the 50 DAY SMA provided some resistance - not a lot. NM

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

The boys are coming on strong.... NM

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

50 SMA — The 50 DAY SMA is around 140.... just to add to the overhead resistance.... NM

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

It looks like a lot of energy (ie volume) was consumed the 137.70 - 138.0 area. NM

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

Just a kiss of 140 then down. Makes sense. AUDJPY also seems to be stalking 84.00. There is a minor data transmission error/gap/whatever on GY between 140.20 and 139.68 when US consumer sentiment was a down surprise a few weeks ago. NM

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

Well, the price action is certainly respecting the 20 and 120 SMAs on the 4H. It will take a few hours to play out. By playing chicken I mean that it can go either way - so be careful. Right now, it is above the 120 SMA on 4H. The 120 SMA on 4H has ...

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

Playing Chicken — The PA is playing chicken between 137.00 (120 4H SMA) and 136.68 (20 4H SMA). One heck of a zip when the decision is made. NM

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

Light Volume — Here is something interest: The NYSE this week will have seen the fifth lightest volume in the last 10 years. url NM Added: Walk quietly with a big stick.

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

If we are talking yearly charts, then this is getting hard core.

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

I am missing data too. NM

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

Well, ForexLive.com (seems to be quite reputable) are reporting that there is likely selling by Asia to stay away from the weekend and especially the 3-day holiday. Could be a prelude to a general thought surrounding the entire market over the ...

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

How about another stab at 140? Still seems porous to me. NM

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

Really looking like a bull flag - being supported by the 25 SMA on the 4H chart. Still a bit dicey. NM

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

Well, my take is that we will likely see a head and shoulders on the 15 min form - so, probably up to 140.30 area. Then, either turn down to either break or shoot up. Shoot up and could have a cup and handle. Could - should - who knows! There is ...

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

Please post. I would be interested to see the chart.

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

Need to keep in mind that GU is in massive trouble on the daily. A spike to 5735 is certainly feasible; however, it has broke major support. It is also interesting that XLF in equities, the financial ETF in the US, is unwinding into a similar ...

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

Observations — 1) I am not liking the action on the DOW. Really struggling with 10,000. I would have expected a move to the 10,100 area by now. Perhaps 'everyone' is going to bail. 2) At the same time, there seem to be a lot of bulls currently ...

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

From what I can tell there is a significant lower gap on the GU (about 40 pips) and still a 5 pip gap on GY. So, they will likely be closed today/tomorrow. NM

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