don't pay attention to rumors. i never trade news. my thoughts are based on technical view... pound has a little bit more to go up, so if we go down from here it should only be a retracement.

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

as i said, it's just a study and how i interpreted the data doesn't come from the indicator - i manually made all calculations...

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

it's tick data. yes i am aware it's not from e-signal, but hey, when you get something like this - top candle loaded with sell ticks and then testing candle loaded with even more sell ticks - it's hard not to risk a short.

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

this is just an idea for interpreting overall volumes. that indicator is free - the name is on the chart, but what i do with the data... copyrighted . anyway, it's all manual and just work in progress for now. how do you like it?

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

i didn't get any yet...

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

here's a chart with net tick values (each value = count for the last 24 hours) for today's relevant candles. i wonder what's gonna happen

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

yes. for instance, at london close, there were 37,815 buy ticks and 38,948 sell ticks. there is a net difference of -1133 ticks.

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

i've been looking at volumes lately (there's no chart this time as i was only doing some calculations) and was noticing something "weird" - sell ticks have been increasing for the past 30+hr and daily balance (sell ticks vs. buy ticks) is negative, ...

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

bias remains bearish until we break yesterday's former support area - 135.32. and even after that, there is another resistance that needs to be cleared - 135.73 - before another possible rally. and if you look at last week's price action... there's ...

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

so you think this pair is actually a jumping monkey that behaves completely random between some s/r levels... yes, anything is possible. you know last night i had a dream that g-u was around 6.xx and e-u was between 3.x and 4.x... while ...

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

alright, i see that all supports from today seem to be broken... london close, 135.56 - taken; ny open, 135.23 - taken; and finally, tokyo close, 135.08 - cleared. this thing should go down for a test of weekly support. about 200 pips or so... ...

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

133.28, and i don't know. maybe, maybe not.

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

not so fast... long it is for now, but to get a confirmed upwards breakout for the week, we need to see last week's (in fact, friday's) resistance area broken - 134.60 area. and if we go below 132.80, then 131.70 comes into play. let's see...

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

as for next week, at this moment i can think of two levels to watch: - first, it is the last support @ 131.65/03. below that, we are going to see a new low. it is possible that we go down and test that level, early next week. - second, it's the ...

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

until we get a weekly close below last monthly close (132.63), price action is not extremely bearish. today we just tested this level... let's see how they close this week.

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

right. a break of 135.10... and we get to shake hands with 136 again.

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

134.53? we didn't even get there today - high was 133.99...

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

like this no signs of dropping yet. and if we clear the last resistance - 136 area, well, then most probably hello 140ish.

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

at this point, it's really not about resistance anymore but about supports. last week breakout area was 134.90, so i expect a test of that area now...

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

usually, when i see a lower low on weekly, i don't think about buying the dips but selling the rallies. i guess this is heading towards breakout area from last week - 134.54/134.92/135.02. from there, 136 is next and if broken then we say hello to ...

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