Yep short @ 224.26, I think GJ will see at least 4hr support @ 223.32, maybe 222.84 if it breaks through daily pivot of 223.13.

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

Yeah, looks like EU equities are called up about 1% across the board. . . Should see crosses higher during EU and EU/NY session, for how long we'll just have to wait and see. GJ seems to be consolidating above 4h and daily pivot at th moment. I'm ...

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

I'm long since 221.50's so I'm waiting to see if it gets back above 4hr pivot of 223.96. If it does then next targets are possibly 224.60's/225, then possibly 226 in London/US session depending what London does and then how the Dow trades 2morrow. ...

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

Looks like it bounced off 4hr support @ 223.45 and should go to 225 at some point unless it falls below daily pivot of 223.13. . . I'm long until I see a drop below daily pivot which would definitley be bearish for this pair. I have a feeling we ...

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

Pip_Cruiser, that's what I'm seeing as well. . . Daily pivot is 223.13 4hr pivot is 223.96 1hr pivot is 224.04 url

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

Nikkie up +193. . .

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

Well, I'm watching the global equity markets (Nikkie up +123) since the crosses tend to be positively correlated with it. That's why I'm skeptical about shorting right now. We could see the market take a breather from moving down since we've had 3 ...

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

Agreed, I saw it @ 225 1st then maybe 226.XX if the momentum was there. . . Then even re-testing 228.XX resistance before a major fall to 219 and below. . . but it would have to get above the falling 4H wedge before next resistance

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

Thxs, Just saw the pin bar and the gap on the 30 min TF from 223.39-223.63. . .

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

FX-Petra, I saw the same thing but what's puzzling to me is it's sitting well above the daily pivot of 223.13. The only other thing keeping GJ from moving up that I can see is perhaps resistance @ the weekly pivot (224.33) which it surpassed on the ...

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

Would love to see GJ sitting above the weekly pivot of 224.33, would be a short-term bullish sign if it holds above.

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

No gap but a nice bid tone for now. . . Good luck everyone with your trades this week. Lots of U.S. data this week that could set the direction for GJ. . .

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

Zoran, I have learned a tremendous amount from your analysis and do hope you stick ar'd and continue to share your analysis with this audience.

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

UJ showing 108.12 GU showing 2.0607 UJ x GU = GJ = 222.80 just like what this link is showing url This may all change over the weekend. . .

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

Price after close is showing @ 223.257. . . url

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

Also it just bounced off daily pivot - good sign.

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

M2B, thanks that explains the mixed signal from the different TF's that I was a bit confused about. As always thanks for your great feedback.

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

M2B great analysis as always! I've been studying your analysis, as well as Gene22, Aus and other senior memebers on this thread and find that your analysis seems to be right on target most often than not. I've also learned based on your studies that ...

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

Just one more comment, keep an eye on UJ and GU. . . UJ has just tested support around the 110.15/25 area and held. GU is still above 2.0500 (important support). It could go up and retest 2.0590 area where lots of restistance and seller are waiting ...

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

My thoughts exactly!

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