No, even I know about fib confluence! - that's what I've been using for a little while now. Perhaps I expressed myself badly: what I'm saying is weird is that you would expect a rough coincidence in perhaps two different price areas with those 3 ...

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

I asked a question about fibs yesterday - and no one answered. I really hope someone can answer this:> What does it mean when the 38.2, 50.0 and 61.80 fibs on 1H, 4H and 8H - are all the same?? It's so weird - and I think it must have significance, ...

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

I'm really surprised you guys are LONG>?!! GJ will drop to 230.70, at least. I won't waste everyone's time with posting graphs... but you'll see, once the upwards momentum is overcome.

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

For those who are feeling miserable having lost badly today, perhaps seeing the fact that we are in this channel, which should act to restrain too much more upward movement beyond where we've been already, might offer a little comfort - or not!

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

When I put the whole chart in, it comes out too small to make anything out, I'm afraid. The MA's are nothing special.. I had just been thinking that the bottom of the lower twin was about Aus's 5SMA, so I posted it for that reason.

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

This may be too big - I don't know! I only threw this in just trying to be useful as just an very short term opinion, that's all.

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

I'll try... not sure if I'll succeed.

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

In my experience, separated twins like this - or twin channels, if you prefer - usually mean a drop to at least the lowest pair.

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

Could anyone who knows fibonacci stuff help on this, please? In the drawing, to get fibs to anticipate possible retracement levels, do I measure from A to C - or from B to C? A to C is the obvious choice - but I thought that maybe you should measure ...

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

In fact, please ignore the above posting... the more I look at that comparison, the more iffy it becomes. Probably wrong.

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

IF a retracement now follows the SMA pattern of the 9th of this month - which LOOKS like a similar SMA situation - it could retrace to around 231.50 area. Since I'm hopeless at retracements, I'm just mentioning this... no more than that.

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

Aus, you're expecting a retracement now, right?

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

Gosh! It's the first time I've ever used fibs - and it actually worked for me! Amazing! Many thanks to Karmo for this. 1st TP (233.90) from 235.32: Target reached. 2nd TP: 229.50 (> fib confluence + SMA indications). Target reached. 3rd TP: 227.60 ...

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

Aus, I don't remember your targets... but was wondering whether any of them are around 225.60 or so? This price area keep on coming up as a TP area for me - not only on fib confluences (I noticed 3 at just below this level) but also various other ...

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

I think it's pretty important whether or not GU breaks the 1.9992 support. Looks like it will, I think.

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

Is anyone else seeing a big support around 228.40?

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

Case-Shiller home price index felll 3.2 in Q2, the biggest decline in its 20-year history. (Don't know if this was posted before).

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

I think one big reassurance for GJ's continued pretty rapid descent is the fact that GU looks so very bearish.

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

GU looks to me like it's going to break support, and descend pretty fast, soon.

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

What is at that price point, please?

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