125 is the 85% retrace so gotta see what happens once we get there. . . We may bounce from there back to 129 area - a break of 129 and we are back to dbl dip recession. . . 119. . . otherwise we coould consolidate some more. . .

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

The new range now is 135.88 - 129.22 a break of 129.22 will put us yet in another new range 129.22 - 125.22 - step by step. . .

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

I get that. . . 139.50 and last weeks run-up was the trigger and now here we go. . . Hope no one is still waiting for 141.50/143 at this point because we will break down sooner rather than later...

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

We will see a new low at 125 soon as stated last week just wait for it just a matter of time. . . Weekly bearishnesss has been activated!

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

K stay tuned. . . Only I think it gets there is thru UJ because sterling is week and could see 1.43/1.41 soon taking GJ with it!

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

The new range is 135.88 - 129.22 stay tuned. . . breaking and cosing below 135.88 will be significant!

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

They are tanking it slowly AND step-by-step - have been all year. . . No way to kick start the economy by raising rates and you can't impose higher tax when people are out of work. . .

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

Don't think they are thinking that way honestly. . . They have a set agenda and the are moving forward. . . Distribution all week at higher levels now money will be made. . . and as long as the banks keep borrowing money and they keep printing we ...

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

maybe if it hasn't already tanked by then. . .

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

Bro it was the best call for you - you would have had to sit and babysit it which is now fun. . .

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

I agree - distribution looks to have completed and we look to have a real break of support. . . Wouldn't be surprised to see 129 tested again if not lower - not today but in the coming days/week. . . Also, hate to say it - looking at the daily chart ...

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

maybe it was a warning shot to some politicians that they don't want to mess with GS. . . "slap my wrist, give me my fine money back and next time it will be 103 if you continue to mess with us. . . "

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

Nope! Bro really it was BS. . . and it was purposely done as a pyschological test of the market/sentiments. . . They printing money so they have to devalue it so lower is to be expected. . .

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

Bro to my knowledge the selling to 129.22 was an order entry computer error so the buying that you saw in volume may only be the computer correcting it's self and not actual buying. But who knows - so much manipulation and games being played in this ...

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

I really don't think so. . . Don't be surprised to see some of that long stem on the bounce from 129.22 get recovered. . . and look at GU its on the brinks of breaking 1.46 support so no trap IMO - Think it's safe to say we are heading much lower. . ...

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

tell you what EU taking a beating. . . with no looking back!

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

well actually we are trading below daily s2 @ 136.03 with planned pit-stop target at 134.68. . . So your short should be good if GU break support here . . . whats baffling is the late sell-off. . .

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

Weekly close with a test of res is actual best. . . It will come back if we tank more here for a test just gotta be patient. . .

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