my longs from last night didn't work as expected... got out @ b/e. looks like u-j is making the play for now; g-u is ranging bu slowly moving down towards 5270. atm, resistance is around 129.30/130 and selling the rallies seems to be safer. unless i ...

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

support hit, should stop falling for now. tentative long with stops below 128. if goes below will reconsider.

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

i think it's because of the positioning for the next (presumably) big move. i mentioned that g-u still has a little bit of room to go down, and then it's decision time - either seriously bounce, or take a dip. u-j looks like it's almost with a ...

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

chart for short term - support at red horizontal and blue lines. resistance @ 129.80 for today, which means there's a good r/r area for shorts from there - stops above 130.06 and tp at 128.88/30. 129.80 taken = going up more... possibly to upper 130 ...

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

not really unexpected... i already mentioned that i expect pound to hit 1.5270 area which is major support; any major decision will happen there - we bounce back to upper 1.56, or we go down to test this year's lows. as for g-j... behaving like a ...

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

g-j is a cross. there is no real support here... the real figures are coming from g-u and u-j. i don't see any flip in the overall bias. see attached chart for u-j, the pink lines are the limit between bulls and bears, and until i see a break above ...

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

and a u-j chart: bearish... with capitals. for now. although it may retrace to 90 area at some point, but from there should be another attempt for a significant dive. oh, and don't try to go long just because boj said it would intervene. the ...

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

the main trend is still down. selling the rallies should be the word... very clear picture. no longs until red lines/area is broken. and even after that, 131.20 or upper 133 should provide enough resistance for another significant dip. as for g-u, ...

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

but there is resistance here. two levels, in fact - see chart.

EURUSD

and a gu chart, somehow similar. the problem with this one is that price bumped into serious support and as i already mentioned i expect some horsing around at these levels. resistance is at red lines, see labels. if that one is broken, next levels ...

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

nothing unexpected. bias remains to the downside, and in fact nfp was a very good opportunity to add more shorts. we are still below weekly resistance - see h4 chart. if this holds, we should soon see a break to the downside through blue line. but ...

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

today? not likely. this move will most probably run out of steam as soon as london session is over.

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

another chart, g-u this time, very interesting: it just reached medium term support. so from now on, expect some serious horsing around at these levels - 1.55 - 1.5230 until there will be a break either up or down. this is just medium term chart. a ...

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

well well, surprise... going back up. anywhere from 131.40 to 132.10 (but most likely 132.10, as it's the close value of the last trimester) should act as resistance. p.s. the main trend is still down and this should be treated as a retrace... boy ...

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

careful... this doesn't look like a straight line to 126... i wonder what happened to guci.

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

you're welcome. i took a tentative long, got kicked out and then remained flat for the rest of the day. the chart screamed short though... it's just that my gut was saying something else so i decided to sit on the sidelines until i get back in ...

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

hi what's up, long time no see

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

london open was respected - bounce so far. let's see how ny open will do...

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

oh my God what happened here!?

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

nope... not yet. but it's very close.

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