A touch of the UTL on GJ wouldn't be a bad deal. . .

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

My point exacty. . .

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

I see - your analysis is based on some charting software - gotcha! Good luck with that!

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

Probability based on what? P > 0.05 of what? What's your null hypothesis? Whats the alternative? Is the data you're using normal data? What statsistical test are you using? Sample-t test? Paired-T Test, Regression analysis???

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

what factors are u using????? emotion, market sentiments? trading volume? etc, etc, etc. . .

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

Market conditions were different when we were at the 160's but fair enough lets see how this plays out. . .

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

91.70 is/was important support on the way up to 101 area (long-term support) and now its support turned resistance. . . Not sure market cares about Wolf Wave resistance. . .

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

Actually 91.70 area like Vinesh pointed out is major resistance for UJ and could be it's turning point. . .if we hurlde that then 92.30/55 would be the next resistance level. . .

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

That being the case that would mean your statement that price is going to 148.30 is an opinion correct. . .???? And that 145.70 is strong support correct? How do you know where price is headed? You have to have some idea or else you wouldn't be ...

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

1.41/40 area

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

Daily swing 91.25 so I suspect a spike then it will get sold hard. . .

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

UJ has stops above 91.50 hope u left room for a spike - might start to unravel after that - Japanese holding large shorts up above so there still a large supply for sell up top. . .

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

Wow what will u all say when this pair hit 137????? Now I'm hearing 150/179/180. . . Gotta be kidding right? In order for that to happen both GU and USD would have to go in the same direction which is highly unlikely. . . And UJ up against ...

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

Some interesting responses indeed. . . I guess we all will find out soon what the market has planned for us. With such a thin market going into the Xmas holidays we may see some wild moves both long and short but which one will prevail is an unknown ...

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

Choppy as this is - here where I think we may be headed initially. . . Will up date this chart on a higher TF once we get there. . .

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

Why do this thread think GJ is going back up to 150 or higher just curious of your TA on that view?

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

Not sure why geppy would go up further as we have been making lower highs since October 2009. . . Also, on weekly it appears to be a bearish engulfing pattern being developed. So I would assume that this would be a continuation pattern lower. I ...

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

Looks like wave 2 just completed. . . Lets see where wave 3 takes us. . .

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

it can be quite simple if you use it very high level. . . so lets see how this all works out. . . btw 1hr and 4hr chart are signaling bearish. . .

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