Geppy blew right through that double top at 145. Testing the upper side of the channel now.

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

I can't ignore this inverse Head and Shoulder.

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

Post a chart and interpret for us. maybe that will get you over the hump.

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

You can be correct in your forecast, and still get margin called with the extreme ranges I think we should see in the next few days.

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

Is Geppy turning over on the 4 hour? Or is she continuing up? It all depends on who you ask. I think she will break both ways in the next week.

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

I will be placing some sell orders around the yellow 100 fib for a double top formation bearish bounce. That would be around the 145 area.

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

I am watching that, also.

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

Did the exes blow through support also? Has your support turned to resistance yet?

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

The End-of-month and end of the 1st quarter always gets me. End of jpy fiscal year also today. Some Forex accounts squared up the books today and screwed up our charts temporarily. Back to business next week, I think, after the dust settles. Until ...

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

we just blew through decent support 2 days ago to the downside, and today we blew through that same support/turned/resistance easily. Go figure. Geppy is truly the BEAST.

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

Looks like the current candle on the hourly is trying to form the right shoulder of a mini H&S formation?

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

Hourly chart showing a possible 3 black crow formation. Not confirmed yet, of course.

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

I can see at least 100 pips down easily. I see the yellow 50 fib and a triple sma cluster around 1.4040/50 area, on my 4 hour chart.

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

Agree. New 4 hour candle shows the price beginning to roll over a bit. Needs to reload, I think. Tankan survey is released this coming asian session, for what that is worth. today's high is around the 142.50 mark or so. So far, anyway.

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

PK, i took profits on my long usd/chf, for what it's worth.

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

well said. and they can give you a time frame estimation by switching to different time frame charts to see how they relate to each other.

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

on the shorter times frames, yeah.

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

143.55 shows a previous swing high on the hourly chart. We could see a range forming before breakout. Patience is needed.

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

I would assume that there is solid resistance above 143 that would turn the price sideways and absorb those orders.

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

4 hour candle closed above the short term yellow 61 fib. Next upside target is that 76 fib around 142.80 or so. A break upwards would target a double top formation around 145. 14 candle mom and 10 candle pointing up and above the 100 level.

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