133.60 is broken.

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

wow, what a rally, straight into this week's resistance! if 133.34/58 is taken, then theoretically 136 is next to test. on the other hand, if 132.90 makes way, then we are heading down to 132.28... what a bs rally...

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

alright, let me recap: in a major (monthly) downtrend, we just had a new weekly lower low. resistance of current week is sitting at 133.30 area... buying?

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

nothing is impossible. for this to happen, we need to see first a break of 131.90; then 132.30, 133.40 and after all that MAYBE it can hit 136something. but before all this comes true, we need to see a support holding. where is it, do you see it? i ...

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

man you just can't help it can you. i was waiting for a test of london close to sell more...

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

the price where most tick activity happened.

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

this is the chart. there was significant activity at today's low, probably enough to cap the fall for now. going back up to test resistances... will post another chart with upside levels.

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

131.55 is the volume pivot for the day.

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

i think we're done for now. going back up for a test.

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

no, no... it's not just you .

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

and we're on... sell the rallies.

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

below 130.77 is the confirmation for intra-month trend change. statistically, if that happens there should be about 800 pips more from here.

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

it's not falling because the support put by ny open @ 132.65 is still in place. wait for ny close and then watch what happens. on the upside, london close resistance is sitting @ 133.65, and until this is broken there will be no rally.

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

why would i base my g-j trading decisions on e-j behaviour?!? especially now, what that pair seems to be mainly driven by euro? i don't have a particular target to the upside, i am just watching supports - 130.77, 131.08, 132.13. break of the lowest ...

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

anything is possible. but i think that if we are going below tokyo close today (132.44) and break 132.15, there is no support left holding and i seriously doubt we would see more to the upside.

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

and that's it for today. we are above last week close for now = bullish bias. important levels to watch until tomorrow: - resistance: 133.35/58 - support: 132.44/15; a break below 132.15 is confirmation that bears are back.

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

128 ? well, looks like not today. but there's always tomorrow, who knows what'll happen.

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

yes, true, but you know you might be 8-900 pips early...

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

new low @ 132, according to oanda. officially, we will have a gap of about 60 pips when markets "open" in 2 minutes.

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

not just yet. no lower low on weekly. all timeframes must agree on this, from monthly to daily - and in this case, weekly is not yet ready. i'm just saying...

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