Mmmm..... well, if you're expecting GJ to rise significantly from here, I think you're going to be disappointed! We'll see!

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

Thanks.

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

GJ retracement top — It would make sense that yesterday would be the top of the retracement from the big drop (apart from fib indications, which I'm just starting to learn, thanks to Karmo!) - because, as this daily chart shows, GJ retraced ...

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

Sorry - but what is 15623?

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

(Current GJ price: 233.70) We have now had a significant drop - and I believe that my prediction of yesterday that the retracement completed then will prove to be correct. I sold again in GJ and GU at the time of that posting, whilst (as I said in ...

My 1 week - 4 week FX trades recommendations

1st TP (233.90) from 235.32: Target reached. 2nd TP: 229.50 (> fib confluence + SMA indications). 3rd TP: 227.60 (> fib confluence + SMA indications) 4th TP: 225.70 (> fib confluence) 5th TP: 212.30 (weekly SMAs)

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

Well, to me, it matches up very well with what I think GJ is going to do - which normally correlates with the stock markets, as we know.

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

I think you're right, Markam. Big drop coming.

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

Well, fair enough! That's why there's a market! Let's see what happens!

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

Please don't do anything because of me.... it's just my take - nothing more!

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

No, it's just SMA patterns... nothing clever at all. I tried posting my graphs before - and have decided not to do that again!

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

No, that was Markam, I believe. But to be fair to myself, I predicted an enormous drop before he did!

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

Well, I can only say what I see... and that is an enormous drop - and I do mean enormous! - that we've only just started! Just my take, anyway.

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

The drop should continue, and be rapid, from here.

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

I'm seeing increasing evidence of a fairly fast drop to below 230.00 - for example (of many) the curvature reversal of SMA550 on 15m.

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

Thanks.

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

If that reply was to me(?)... no, I meant a straight line trend line... my platform's not very good at measuring it... seems to be about 232.90 on a 1 hour chart... I wondered how you reckoned it is. Worryingly for me, it's more or less exactly ...

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

Aus, what price do you reckon the supporting trendline is at now?

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

I see the big question arising when we hit the rising trend line. It may hang around here a little while... but in my opinion the 1st target I gave will be reached in not too long.

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

Sorry - 'not reached' should have read 'now reached'.

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