It may overshoot just a lil' bit. . .

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

Man this pair is fighting. . . My charts say 226.90 is a good place to take profit before this pair races back up. Bulls seem strong this a.m.

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

Welllooks like it just took a mild bound off the 38% fib level. . .

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

By the way 227.35 is daily pivot, if it make past there then next stop 225.43.

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

Congrats to all traders who took a bottle of Kamo patience pills and stayed glued to the tub like me, it finally paid off in the end! Good trade all. . . Aus said 227.48 on his blog and here we are for the moment. Closed 3/4 of my trade trailing the ...

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

Wow, lots of resistance on the way down. . .

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

Yeah, definitely need some Karmo patient pills and some staying power. . . Good luck!

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

I see. . . I also see that it is exactly the 23.6% fib line as well. This is the second time GJ has tried to breach it and failed. Maybe London will come with more downward momentum which will be needed if GJ is going to get though 38% fib level. . ...

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

I'm puzzled why 228 is so hard to crack.. .

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

Looks like the reason "Geppy" going down is because GU being sold off. . . Now UJ needs to head south and we got a party.

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

Okay now let get ready to rumbleeeeeeeeeeee. . .

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

restistance in this case means more seller than buyer which typically drives the price down. . . In GJ's case in the last few hours, prices has gone from 228.10-229.00, 228.10-228.90, 228.10-228.80, and now it 228.25-228.30/40's take a look at the ...

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

Here we go again, maybe the 20th time is a charm. . .

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

GJ = UJ x GU EJ = UJ x EU Aj = UJ x AU All depends on what the other pair is doing. . . For example. . . EUR/USD is headed up, if UJ heads down EJ will probably move down but to a lesser degree. . .

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

Still up watching this thing bounce ar'd like a clown. . . LOL! Hopefully, this pair will go down soon and I can get some shut eye!

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

I believe Karmo and others had TP ar'd 226.50 so that would be in line with there think'n. Eventually 228.10 has got to give, also it appears that the resistance it getting lower and lower. . . Nevertheless, this bouncing up and down is getting some ...

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

Yeah, I hope it get there as well. . . Aus has it going to the 38% fib on his blog @ 227.50's

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

Yep, been there done that! Taking two mor Karmo pills right now, GULP, GULP! Short to the fat lady singssssssss! Now get down Geppy, Get down!

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