Bulls ahead? — Long term GBP/JPY I'm bearish, however looking at the USD/JPY, seems like we're close to bottom on the monthly chart, so I'd be cautious with shorts.

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

USD/JPY is close to hitting bottom for the third time @ 102.63.

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

Expecting a breakout soon. Favouring more to the upside, because of the flag pattern.

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

This is what I see, based on symmetry with last move... retracement to 211.40'ish area. For the next move I reckon the Bank of England minutes and US Consumer Price Index tomorrow will tell us the direction.

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

This might not be the conventional look at price movement, so think about it as a study. Don't mean to scare anybody, just thought it's time to contribute sth. And also have in mind I'm a noob! From the daily chart I see a potential of max 215 if ...

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

technically I agree, but Nikkei 225 is 13,267.09 - 478.41 down, which makes me cautious... however I don't know if carry is unwinding these days or not.

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

Thanks quecee5!

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

I'm quite new to all this and I don't understand you... would you care to explain a little more? If the Fed won't cut as much as expeceted, why would stocks go down? And if DOW is negative is it down for GY?

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

I wouldn't know, my charts tell me a possible retracement to 10.50 area and from there on I have no clue where the price will go... so I'm observing. The 15min QQE has crossed down the 50 line, 1h QQE is pointing down, however Nikkei is still ...

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

Allright, Nikkei 225 down -398.33, G/J might go down. Looking for a nice entry point. I'm a bit confused though. USD is getting stronger in E/U? Any thoughts?

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

no idea — What triggered the 150pip fall in the last 15min ... bad retail sales in the US?

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

Wouldn't be so sure about it. We have to watch the UK November house price data and the December PPI at 9:30 GMT, if it comes out bad...

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

It looks we're ranging between 217 and 213.50, which are the 0.0 and 23.6 Fib levels of the big fall from 228 (if I got it right ). I am going to wait before loading my longs until 00:01 GMT when the GBP Consumer Confidence is going to be ...

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

Well I'm a noob, but I gueess Aus 4hr/1hr strategy is great for big moves, not in a ranging market. In the last couple of days even the 15min strategy gave unclear signals... so for now I stick to fibs, support and watch for news.

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

4H and 1H QQE bearish, 1H crossed the 50 line. How do you draw your fibos... is mine drawn correctly?

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

I hope he's not right — I hope he's not right all the way, been short from 227.40 . I say what goes up must come down . Happy trading everyone.

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

Why do you think a trend reversal has started? It's true on my 4h chart we just breached the upper line of the downward channel, so if this is really a trend reversal I hope to see a retracement to the 225.90 area. I 'm short from 227.02 so I'm ...

Breeze....Update on GBP/JPY

Can someone explain why you see 232? From my 1H chart I see a down channel and now we are stuck between 227 and 224. I'd say were going to around 222.50 before an up move to 227?? I just don't understand that's all.

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

Can someone please explain why some see >230. I had a look at my charts and I see a down channel on 1h and 4h scale. As for the monthly chart I'd say we are more likely to see 160 next year than 250 again... beware my analysis, I am a newbie noob.

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

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