4hr close below 146. . .

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

There should be good support ar'd 147 area - I wouldn't give up on the upside just yet. . .

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

Tom and Jerry - You showing your age Lilmoe. . . Like Heckle and Jeckle . . .

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

Might see GJ take a dip below before resuming to the upside. . . Right now I see 147.80 and 147 area before heading back up. . . 147 will be another test of the DPP supprt. . . Should be well supported in that area for an eventual upside target to ...

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

Well my thoughts on GJ is this. . . I was hoping for a close above 149.50 resistance but it appears that won't happen. I'd look for a slight move lower next week. . . I 'd look at 147.30-146.80 area before any move higher. . . 153 is definitely ...

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

very well stated! Asia almost always test the low or near the low. . . and the 1hr chart needs to be relieved before the 4hr chart plays out IMO. . . I was hoping we would base above 148.09 but we never got a 1hr close above that area. ..

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

I agree with a test of daily pivot perhaps being in the cards or even weekly support for that matter at 147.22 area before we take a trip to 149 area and higher. . . Asia can't seem to overcome buyers up above so it may need to regroup with more ...

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

price has consolidated above 55 ema at 147.70/65 area for 7hrs why would it retreat back to 147.40 when we already tested 147.15 area. . . Also a break below 55 ema with a 1hr close would mean reversal - I think we tested upper resistance since ...

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

149.30 is the next target. . . would look to take some off there!

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

my thoughts on GJ long term. . . "higher if and only if" we take out long-time resistance from Nov 2007. . . green EMA. . . otherwise 154/55 is in the cards according to what I'm seeing. . . url

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

Should be a good amount of support at 147.22 up 147.70 area for longing. We've already tested 147.15 support so we should be good moving to the next resistance. . . a close above 148.15/30 would be nice if not I'll take a close above 147.22 any day. ...

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

After we hit 154/155. . .

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

Here is what I'm looking at long-term. . . and why I think we are in wave 2 of 5 which looks to be a complex correction which should ultimately test resistance above hence 154 area (green ema) before heading lower or KABOOM as some would say. . . ...

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

I have now joined u long but at 146.20 area. . . As long as we stay above 146 and daily gann this should be a great trade. . . Btw hope u still alive with yr longs. . .

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

128 will happen but not before we take a small trip back to complete the wave pattern. . . I'm seeing at 153.50 area if not slightly higher sooner rather than later. . . Keep in mind as long as we are above daily gann bullish senario is still good. ...

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

My next target 146.30 area after this slight bounce . . .

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

Yep hit the target to the pip. . . Lets see how much of a bounce they give us. . . Because the 4hr chart looks to have plenty more room to move lower. . .

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

I will join u shortly but not now. . . Maybe a couple hundred pips lower As UJ looks poised to drop another hundred pips. . . 90.50 1st tsop

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

Agreed but possible. . . Weekly swing is 147.22 - 152 area so we may see a dip below 147.22 area to take out stops below. . . Not sure if it reaches 146.40 area but keep that in your hip pocket as it is monthly support after 147. . . If that is ...

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