It could be but this is month end closing so we may see extreme swings today. This is typically the time were accounts get blown trying to predict where it will ultimately end up. But trade what you see. . .

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

That is were I was looking to sell as well if my buy order down at 226.50 gets hit on a pullback. If not I'll just wait for a shorting opportunity. . .

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

We should see extreme volatility today because of month end closing so I wouldn't be surprise if we took a trip to the low end and then came back up to hit 229.50 and finish the day on the upside. I've seen this happen before in the past so it could ...

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

This is the end of the month closing so be prepared for a roller coaster ride. . . Trade careful and good luck to all today!

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

Yes, very possible. . . I don't see it going down any more than that though. Right now it seems to lack the momentum to get back above 228 area. If it goes down it should happen within the next couple hours and then bounce hard from there. . We ...

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

And it should to gain more momentum to get through 228 then on to 229/30 area. . .

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

Looks to me to be checking resistance @ 50% fib, which doesn't appear to be any at this point. However, it will need a strong thrust up to get back above 228, which if the momentum is there we shouldn't have a problem in doing so. . . Off to bed. . ...

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

Just a tid bit for you all, take it for what it is worth. . . EU banks bought up UJ at the lows this morning in NY session and model investors have been buying GU during Asian session at market. . . GJ is poised to go up 2morrow breaking the ...

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

229 is a good target but by 2morrow NY session it will be on it way to 229.80's. may even overshoot by the end of the session. Might want to watch it play out to the end. . .JMHO!

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

That okay more pips to come. ..

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

Hope you got in early to catch some of these pips. . .

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

Hope everyone is enjoying the pips. . . More to come!

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

Note; 2morrow is the end of the month closing so expect heighten volatility.

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

Price starting move up quite nicely. . . Expect more of the same over the next 12-16 hours, but in the mean time I need to get some shut eye. . .

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

Already long at the lows. . .

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

That's what I see, support down to 225. . .

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

Yeah, true, true. . . However, the lowest I see it getting is 225 which happens to be the 78.6% fib. line and daily 5 SMA, so its possible. However, I don't see 224, nothing driving it to go that low. . . Today just happens to be a mildly bearish ...

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

2morrow is another day - sluggish day today - Rally 2morrow. GJ will more than likely bounce ar'd in this area until toward the end of the session since equities are steady and look to close that way. . . I think we'll see some action in the ...

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