Thxs!

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

For those of us trying to grasp EW, are you saying it will retrace back down to 226 or lower then back up to complete the wave 3 of structure?

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

2morrow is triple interest so we should see London/US and NY push this pair to the limit. I think they'll go after 229.30 and possibly try to push it above briefly, then back down it will go. . . Good luck all back l8ter this morning. . .

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

But the party has just begun , however I can undertsand/respect your position. . . Good trading!

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

Thxs. . . I would think UJ and GU would have to break lower support simultaneously for GJ to breach the lo. GJ hasn't touched the 50% fib today even with a lower Dow. . . JMHO

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

Here's a tid-bit for u, take it for what its worth. . . Eastern European bought UJ @ the lows during NY session according to commentary from the platform I use (forex.com). Maybe they know something we don't. The last time I posted this was last ...

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

Thxs!

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

MMDealer, Thank you very much. . . I just want to make sure that the Seniors Members continue to support this thread. Anything I can do to help make this happen I'm willing to help. . . Btw, thanks for helping to make this thread my home, ...

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

Looking at that same chart we could see it test 61.8% fib @ 224.30/50 if support is broken. . .

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

If it pans out I'll share it with the thread once I feel comfortable that I can predict it with a certain degree of accuracy. . .

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

Looking at the daily chart (price vs. time) its a good chance that price could reach/retest back to 229.15/20 in the next 2-3 days. After that we may see GJ chop its way above 229.00 resistance and reach as high as 232.70/90's within the next week ...

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

I see 227.56/58 for a possible daily/weekly 5 SMA retracement. Like I stated before 225.30's/90's is possible. pehaps even slightly lower. However, I still see a bull run in the cards back towards 227.90's and possibly 230/231. I have daily pivot as ...

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

NY futures are pointing to a lower open. . .

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

Looking @ a weekly chart, looks like we can go down as far as 225.30's but after there may be a bull run to 232. . .

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

I've heard of it but have not used it in any analysis. The chart program I'm using does not have it. I use a combination of MA's such as SMA, EMA and LRI (Linear Regression Indicator) for different reasons but not median. . .

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

I have daily pivot @ 227.73, looks like it sitting right on it for now. .. I still expect to see 227 at some point if GJ is going to make a run at closing the gap @ 228.80's/90's. . . GJ doesn't seem to be in a downtrend, seems to be consolidating ...

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

I was looking @ the 4hr chart and it looks like 21 EMA is supporting GJ right now @ ar'd 227.40's. . .

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