not much to say... possible bounce towards the red lines - upper 135 area?

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

looks like a breakout below monthly support, i think we had our confirmation for lower prices. i think a test of 127 should follow, and maybe we will see new lows for this monthly swing down.

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

weekly (blue) and monthly (green) support areas. medium term (that is, weekly trend) remains bullish until green area is cleared to the downside - 133 should be last support before main trend (monthly) resumes to the downside.

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

what do you see on this chart? i see that dips were bought so far. price is between support (thick lines - blue, first support; red, second support) and resistance (discontinued red line). medium term bias is bullish UNTIL all supports are cleared. ...

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

so what really happened to cable...

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

anyway... here is an updated chart for weekly / daily. price bumped into yearly resistance, weekly is there. not there yet according to daily, there's more to 138.60/139.30 - see purple lines.

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

good for you. but can you at least stop with the non-sense "somebody prove me wrong..." and stop making cowboy calls?

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

going up! what problems were you talking about? from what crisis...

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

nobody has to prove you are wrong. it's the market that does that. btw... any margin call yet on those g-j shorts? it kinda goes the other way... 136.60 broken, 137.53 broken...

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

they need to get better prices for the sell-off... everything is getting into line, the clouds are already here (see what that greenspan jinx has been saying lately about u.s. economy et co...) so it's only a matter of time until next leg down will ...

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

nah... doesn't really matter... h4 chart has no qualitative significance. the only moments that really matter for intra-day charting are open/close values of major sessions.

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

and this should be a very nice area to try a short. stops above 137.60.

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

end of month, let's see where we are. long term trend is still down, descending yearly trend line was not broken yet but it is in process of being tested. on my charts, it sits at 138.04 (monthly) but on lower timeframes it appears as an area ...

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

u-j just made a new yearly low... i don't know about buying the dips

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

no charts for now... just fairy tales. finally some short term resistance in place - price is on bearish side of daily, and is looking to test weekly supporting trend line, which is currently @ 136 area. the month is almost gone, but let's not ...

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

naked chart - major s/r levels — i put up a naked chart with closing levels for last bullish candles - from last bullish trimester to the last bullish day of the previous major bullish swing. p.s. updated chart with both supports and ...

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

that flat??? scary...

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

i'm actually on the sidelines...

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

you called short @ 136.60. price is 40 pips higher and continues to climb without any signs of reversing... if you were to offer your account, it won't be that much because of the drawdown... i suspect 140 would be next. but i can't say that for ...

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

no no, it's ok, i was just teasing you...

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