Thought I was the only one who saw this HD on daily. . . now on 4hr. . .

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

The divergence I speak of is classic divergence. . . As I stated before, look at the high at 150.70, then look at the high we just made this a.m. at 150.00. . . Look how the move up is not being acknowledge by the macd on the daily chart. . . This ...

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

yep I'm here. . . watching the action. . .

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

anyone else notice this is the second day we've had a close below daily gann? We've penetrated it, pierced, touched but no close above it for the second day. . . Also, we've retraced almost back to the recent high at 150.70 (to ...

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

Scrat agreed and that's where I stand due to the daily chart not acknowledging the upmoves we've been seeing. Now I do agree that 146 should be very good support based on the weekly chart so I see this pair being in range mode from 146-151. . . ...

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

Yep bro look at the divergence on the 4hr chart now. . . and to add to this we have now touched 150 and the upmove is not being validated by the daily chart divergence. . . I believe some here stated yesterday that it wasn't daily divergence but I ...

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

I see still no daily close above 149.50 although we touched 149.98. . . May see it back to the daily pivot before close 148.15 and maybe a test of 147.80 support before going higher. . . Only a break of 147/146 would shatter the up move but would ...

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

Put a stop above resistance 149.50 and forget about it until the daily divergence play out. . .

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

Here is a better picture for u. . . I'm not disputing yr analysis just making an observation based price and it's movement. . . Comments welcomed. . .

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

see chart below. . . Also what do u think of this UJ chart? Look at the the macd histogram at 150.70 (spike) then look at the macd histogram when price is at 149.50 area. . . Then we just had a spike up to 148.70 area and look at the histogram of ...

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

Agreed but the daily swing for 2day is set at 146.26/05 (low) to 148.2 (DPP) and 150.75 high. A daily close above the DPP and if resistance is taken out at 149.50 definitely. . .

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

See the chart is my post up above. . .

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

What is yr take of the daily chart and the fact that's it diverging lower as price goes higher?

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

Looking at the 1hr and 4hr chart suggest it has room to move up. . . I'm a little skeptical about 153 at this point until I see a solid close above 149.50. Reason I say this is the daily chart is diverging lower suggesting that there is strong ...

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

Wouldn't try that too many times. . .

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

Mike I'm doing well still trading the "beast" like old times. . . Hope all is going well with you. . . Also agree - we should see a move back up I'm thinking daily 5 sma if 147 holds during Asia then down to our next target 146 and 144.80/50's. . . ...

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

yep that will be the key to the down side. . . 146.60 is weekly support if taken next support at 146 then 145.50

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

If 146.60 is broken then forget about longs because 144.80's will be the next target to the downside. . . Also, if 147.80 is tested and fail then I'm sell the rally. . .

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

Daily has room to move lower. . . Wouldn't be surprised to see 146.50 shortly, still not giving up on the upside just saying 146 could be tested again.

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