On what TF are talking?

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

Definetly seeing what you see on 1hr, doesn't seem to be anything standing in its way but the DOW, which is up +24 for now! Just curious, why would you sell at that point? It appears to be headed north up to 231.09 on 1hr, 200 MAE, which is just ...

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

226.77 should be resistance turned support for now. . . Anyone else see this one going to 230.81 on a 4hour chart if we chop through minor resistance and reach 55 MAE??? I'm holding this one if holds/close today above 227.50/55, might be a good long ...

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

If GJ gets above 227.15.30 the next stop is 227.70/80 for sure. . . Looking at 1hr chart we could see 228.20's touched!

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

Just broke daily pivot of 226.77 lets see if we can hold and turn that into support. . .

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

I see resistance just above @ 226.80/90 area (55 MAE) on 1hr chart. If we get through that GJ has the potential to touch 228.20's but may be met with resistance right @ 100 MAE. . . I think at the very least we'll will see 227.5's. . .

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

Agreed!

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

I agree, Right now it seems to be testing support @ the 4hr pivot point @ 225.75. A strong break below sees a re-visit of 224.75. If it holds we may see a run toward 227.50 by the end of the NY session depending on DOW today. I expect the later. . . ...

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

I know foreign purchases of US securities better @ $55 billion and greater but considering prior was $-70 billion that's great! Number weak but could have been worst. I think enough to hold USD/JPY up for now. . . What do you think?

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

Probably seeing a lot of short covering right now. . . Once it settles down we should see it creep back up and take out 226.70 and sit somewhere above 227.00 - JMHO!

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

vs. $-70.6 billion prior. . .

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

I agree with you and Gene22 on this one. UJ has completed its down move for now and is expected to head north toward 112/112.30/40 area before its bigger move down to 108/105. GU is oversold and may retrace back toward 2.0570/2.0690's or so. A close ...

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

Typical Friday BS!

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

Thxs!

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

Thxs!

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

Can you point me in the direction where you can take a look at dow futures?

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

Thxs. . . I'm still holding out for 222.50. . .

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

so much for resistance @ that level - LOL!

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

Overnight lows of 225.55/65 held and should now be decent resistance. Hold-on to your shorts, more down pips on the way in the upcoming sessions.

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

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