It looks like it has met support at the 4H 5SMA. Long @ 234.49 TP @ 235.49 SL @ 233.49

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

My TP was activated at 235.20. For some reason I feel like scalping short now, but I'll just wait for a small retrace and another good long entry point. Ron

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

Guess who's coming to dinner . . .

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

It's finding it's mojo. Does the 10 min chart qualify yet? The lines seem to be touching, but perhaps not crossing . . . Ron

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

I believe this has happened now . . . Ron

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

Interesting, as always!

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

yes sir

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

Sounds to me like someone "thinks" they know something . . . which can be quite different than actually knowing. Probably a hedge of some sort, possibly even a group hedge by interests feeling vulnerable during the coming weeks.

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

I suspect it will still have a few moves up it's sleeve when you return. Hope you have a great time! Ron

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

Technicals are looking more long than short to me, also. I have an open long position and feel pretty good about it, though I wish the fundamentals were a little more bullish.

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

Start VT Trader. Then from the Navigator window: Tools / Indicator Builder / Import Ron

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

What a great group of people on this thread! I'm going to keep my long position open with a liberal stop loss, and see how things go. I don't expect any major swings, so I'll probably still be in on Monday. I'm outta here. Have a great weekend ...

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

Thanks!

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

GU 2.0123

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

Can a 1959 fender stratocaster guitar play the blues? Ron

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

Let's hope it stays above that. But current 1H 5SMA is about 233.16, so this or another retrace could see that region. I'll be checking the same SMA again in a couple minutes.

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

The upswing didn't break today's high. But let's see if the reversal meets resistance in the 233.10 - 233.15 area. I wouldn't mind taking my long profit next week. Ron

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

Good! image

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

Out of the red yet?

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

I think others will be following very soon. I haven't heard of NY closing early on Fridays. Ron

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