An hour ago, you said. "Today drop looks similar like that day dropping without retrace at all...going meet 133 if there still no retracement. US session may drag it down hard."

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

i think it'll bounce around 135-136 area maybe, but 137 should be a safe SL tomorrow.

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

Nothing like US news to bring the crosses down.

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

If we slowly go down to lows of 130, i may hold, and it may break though, but if it rushes down in 1 day, (like today), ill probably buy...

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

another thing uj just did go up and test 93, which sellers im sure liked, unless that breaks, a retrace may be unlikely for this session

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

UJ looks ultra bearish to me. - and just starting. We've only had 1 4hr candle of bearish for GJ I think 5-6 mor 4 hr bearish candles possible. image

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

Did Oil go up $5 in 10 minute candle yesterday, from 76 to 80? I'm thinking my chart is not accurate.

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

It's all relative though. Who is to say the Euro is better than USD anyway. It increased about 50% to 1.60, could it decrease -50% from launch point, and still be ok? Sure. At some point, there might be intervention, maybe there 'was' intervention ...

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

What about banks going broke if they keep euros? That has to be a factor as well. Banks are chasing their tails trying to get rid of euros. edit; The euro is well off it's lows of 2000, I doubt in reality they are that worried.

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

Except when E/U dropped from 1.60 to 1.25 in 2008, EUR/AUD went up from 1.60 to 2.08. What we're seeing now, IMO, is not so much to do with the dollar, and more to do with Euro countries. They are having their inflationary fun. That said. 1.25 is a ...

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

it's called a trend, my friend.

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

G/U broke 1.48 should be a nice ride from here.

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

gbp/jpy hit tl resistance, uj hit 93.6 resistance.

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

Agree. It should go down. I'm focused on usd/cad it just bounced off TL support at 1.0120.

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

Re-opened long usd/cad trade 1.0140 SL 1.011 TL is closer to around 1.0126 if you're picky. image

Nearly Naked (Simple Trades)

when G/U was at 1.40 it had a (larger wave) to 1.95 and a retrace to 1.70, then up to 2.10. The down move from 2.0 to 1.40, should follow another down move, but not quite as big as the first. I would say around 1.1-.90 area. It's definately not ...

Cable Update (GBPUSD)

i think usd/cad needs to break this triangle for any bigger moves in the usd pairs. image

EURUSD

Re-opened G/U shorts. USD/Cad found some likely support.

Cable Update (GBPUSD)

usd/cad is at support. if it holds, usd should gain some strength.

EURUSD

Closed.

Cable Update (GBPUSD)