yeah, i see support at the weekly 5 sma low around 154.50 area.

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

30 min time frame chart shows a possible inverted king's crown formation. Look at the monthly one candle mom pointing to a retrace to test the 5 sma channel sometime this month.

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

4 hour chart is forming a possible cup and handle formation.

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

Aqua colored 100 sma may provide support here.

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

The monthly chart one candle momentum indicator is telling us that the price will retace up to test the 5 sma channel at some point this month. My strategy: buy dips to test the 5 sma channel, after any move down stalls out. Risk Aversion would of ...

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

I posted a while back that the weekly mom was showing a retrace up before the fact. I have closed my long position.

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

New weekly 1 candle mom is showing a retrace is coming at some point in this current weekly candle to the 5 sma low, or the 5 sma close price.

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

The 4 hour chart shows some exiting of short positions over the weekend, but a continuation of trend downward at this point in time.

EURUSD

This weekly chart for euro/usd shows shows a bearish picture with all 4 momentum indicators agreeing to the downside in slope and direction, and sitting way below the 100 level, which is the bullish/bearish dividing line. Price has broken below the ...

EURUSD

What can we see by examining this monthly chart for eur/usd? The first thing we notice is the absolute bearishness of this pair for the past 4 monthly candles. Corrective wave 4 down has turned into a reversal of trend. Price has blown away all ...

EURUSD

This guy "gets" it. Nice explanation of market psychology. thanx

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

Price is sitting on the 161% fib extension, and momentum indicators have turned up for now on the daily and 4 hour chart. I have exited my short positions.

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

We do not have agreement (for now) between this past week's chart and the monthly chart. We have a divergence going on. The new weekly chart may or may not provide agreement. Wait for the time frames to line up in agreement before any strong move ...

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

I pay a great deal of attention to what Quecee5 and Orion have to say. They "get it" in the bigger picture of things. Same with Markham and M2Bouys, Arezab, and others....

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

You can subscribe to the free newsletter with new articles going to your email, if anyone wants it. I am standing aside for now with my monthly quota way surpassed, so there is no hurry to find good opportunities. But I will be looking to buy the ...

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

If risk aversion goes away, the carry trades will get bought for the daily interest.

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

I agree with Quecee If anyone is interested, I write a blog... url

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

Nice analysis, bro. I totally agree.

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

I am with you, Orion

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

I wrote an article on my blog that might be helpful to your situation. url

Cable Update (GBPUSD)