Would also monitor the 30 min chart as well - it looks as if a bear flag could be developing. . . lets see if support below holds.

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

Could bounce off 4hr gann (142.70) area which would make sense to work off the dn pressure shown from the 1hr chart. . . 1st target I see if we get a bounce there is 145.20/30 area. . .

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

Well I see EU heading lower. . . 1.4515 is the min target on a break and close below 1.4700. . . BTW I bought UJ from 87.30 area early this a.m.. . .

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

Bro UJ is consolidating right now did u buy off the low? I hope so because I did. . . watch the bounce to 90 within 24-48 hrs bro. . . Thursday's they always buy and buy hard. . . Also look for GJ to close out the week above 146.50 area. . . Like I ...

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

The move lower is over IMO. . . Don't think we are heading much lower unless we get some sort of news that's going to send GU flying thru tought support at 1.6150 otherwise we will probably creep on back up to close the week out above at least 146. ...

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

Here are three charts. . . 1hr, 4hr and daily and here is the quiz? what do you see on these naked charts????? and my daily and 4hr bar just closed. . . so the divergence has today's close in it. . . what happens when the 4hr divergence catches up ...

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

agreed. . . but I'm seeing 94.50/95 as a target. . . The buying opportunity should be ar'd 87.50 maybe even 87 then up from there. . .

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

Also, that's not how monthly and weekly pivots work. . . in order for it to be bearish we have to close the week out below that pivot and the same with monthly. . . (close the month out below) to early to assess monthly right now as price could be ...

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

Whatz up V. . . Nope u know I only use UJ as a gage with an occasional scalp here and there. . .

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

Raza, I'm looking at the same senario. . . 155-157 then a major drop to 130 and from there we will see a new low 116-112 area after some consoildation above 130-135/137. . . But also look at the weekly swing - we are testing support below now - ...

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

That's not what the daily chart says. . . Why would it test 140 again why not head on dn to 135??? The big move lower has played out already and it was bought heavy 1,000 pips up in fact. . . Lets see what price does within the next 12 hrs and I ...

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

Exactly - weekly support is sitting at 143.70 area. . . so we could see sideways PA for the next few hours then a nice dip to complete the wave then up from there. . . I'm sure we will try lower support again and maybe try to take out stops below ...

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

Here is two charts a 4hr chart and a daily. . . the 4hr chart is saying this move lower is not quite finished yet based on the AO osc so I would look for it to complete 1st. . . But look at the daily chart, which is saying that a bottom is in at 139 ...

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

I wouldn't count on GJ reaching reaching 139 less known 140, 141 or 142. What I see is maybe another 100-150 pips dn to 142.50 max if it gets there then be prepared for a 1,000-1,200 pip move upward to at least 154-157 max. . . That's right I said ...

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

if we get there. . .

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

Bro was long on gj from 143.50. . . now short on it (GJ) , EU, GU and a small position on UJ. . .

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

Equities will sell this rally for sure - maybe next week. . . Stay tuned the BS news not over yet! True numbers and news will be out next week.

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

Congrats to all longs for holding to the technicals and BS news rally. . . Welcome to the new FX BS "market"! 148.20 next week - well Xmas came much ealier. . . We could see a 3 wave correction before heading higher and guess what next ...

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