Yes, I retraced from 239.73 High to 237.07 Low and got 238.40

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

karmo: Is your 50% fib retracement showing 238.40?

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

May be worthy of consideration: url

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

edited

Daily GBP/JPY analysis

Texas: I am seeing ranging for the remainder of the day.

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

TexasforEx: On what are you basing your "looks to be" bear speculation?

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

Don't know what will kick start this pair today or if it will continue to range. Not a lot of important news coming out today.

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

Yes and it has a tendency to want to return there before reversing - same with 200 SMA Would delay taking shorts for a while.

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

Aus has already set up a thread where many of us post our weekly analysis before the new week begins. The thread is in his signature. Maestro2 also just set up a gorgeous new website for Aus, also in his signature. This site has pages dedicated to ...

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

Karmo wasn't upset with anyone. He pointed out the cause of his frustration. He felt that he would be better off trading privately because, by doing so, he would be trading uninfluenced by the views of others. Read here: url I am sure that more ...

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

Much confusion - too choppy - staying out

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

VishalJ: 100SMA is very close to crossing down over the 200SMA on the 30 minute GBP/JPY chart. This happened earlier today on the AUD/JPY and it dropped about 90 pips.

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

battuta: Yes there has been a bounce of the Daily 200Sma. Going to await Hour 5sma to crossup before making any moves.

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

cybernut: True. And with that piece of advise in mind, because I was in doubt at the beginning of the day, I placed a mini long and it was in profit before the move down occured. Later GBP news was negative for the pound. This, no doubt, contributed ...

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

auslanco: The Daily 200sma is close to being reached. Does this have any significance? Thanks

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

Yes, that is the reason that I don't trade on weekends.

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

I have looked at MT4; and have difficulty with it. It does seem that one has to have knowledge in computer programming to use it.

Uncluttered Charts Like Oanda's

Karmo: From Daily chart - right?

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

elgrande: Are your projections for today? This thread deals with day trading and most of the posts are projections related to that timeframe.

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