very good but we don't want to spook the prey...

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

hold on. here is a weekly chart. still hh and hl, so we are in "buy the dips" mode on daily. last support is @ red area, anywhere between 131.60 and 130.79, and if this is to hold then we should see a bounce from there. if this level doesn't hold, ...

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

thanks. i would target higher. but we'll see next week.

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

ny close is in 48 min from now.

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

last month closed @ 132.63. if this week will close below, then downtrend should continue. but i have a hunch that we won't see a close below... for next week, 131.60 should be tested early. then if we are to go up, that level should hold (and i am ...

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

for now, resistances are as follows - ny open = 135.15; london open / tokyo close = 136.26. with london coming to a close, we will know more - it seems that it will close below 135.15, in which case price will keep bouncing between ny open and ...

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

yes, very good. now heading to the support once again... but, we might not get back up just yet... 130 area might be tested and bounce, we'll see once we get to mid 133.

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

and the second part about the notification?

Trade Using VSA (Volume Spread Analysis)

i thought you said 137 something...?

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

yes, that is correct. 134.98 was the closing value, and if you look at price action AFTER london close, you will see 2 tests - first, support @ 134.82; and second, resistance @ 135.28. since we are below first support tested, i assume 134.98 is ...

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

i posted a chart earlier, with a possible test lower, somewhere around 131/130/129. what i was talking about now was just some minor retracement inside daily ascending channel - see chart, red area... supports are @ 134.25 and then 133.20. to keep ...

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

yes... well it may go even above that figure IF support is not broken.

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

lower 133 then... yes it's possible, but need to break 134.20 area first.

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

yes we may revisit 134.30 for a test...

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

alright... flip flop. going up...?

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

now back to a little bit of analysis... initially, london tried to push price up, not really convincing. after tokyo closed @ 134.25 and put a support there, we had another attempt at resistance, capped again by ny open @ 134.98. and then... we ...

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

yeah, what fun would it be. right. and so iranians would go crazy and start selling gold and dollars... at a discounted price, of course. well... i can only hope their president won't come out in the open to setup a "nucular" party... i hate these ...

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

and after they do it, i bet we can expect a serious mark down on dollars and gold "market value"... just to rattle things a little bit.

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

previous behaviour during retracements. if history repeats itself, then a possible test of support may be in cards at some point. IF there is a break of last support (currently @ 133.02), i expect a test of 131/130/upper 129 area before final rally ...

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

yeh, how about me?

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