a couple more charts — GY is challenging DPP/WS1. if we break out above will go long for a small trade. (still bearish) if GU doesn't pull back above 15370... looks grim for Sterling.

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

retrace/no retrace waiting for breakout on H1 for potential pullback. 50% seems like decent target. 61% overshoot. we may have a repeat of the scenario on chart 2 (yellow circles) in which case short on breakout of ltl. 15230, 15115 downside targets.

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

chart 1 - 50% 15100 area could form potential neckline for H&S. Trend line break to the downside will put next support area 15230 into play. chart 2 - temporary bottom could be forming this area for Asia pullback before Trend line retest.

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

Will do. LOL... so that's where you disappeared to. I remember you mentioning that around new year's.

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

Yeah, we trade together. He hasn't been on the forums for a while, but making pips as usual and "kabooming" all the time...

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

had to pull this one out for old times sake....

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

ok... out +26 pips. lol... I'm so bored I'm picking bottoms... not how I normally trade. going to stand aside until this area is sorted.

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

perfect! so far, in the green if this doesn't pull back under 129.

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

cheers. GU is exactly where it was when I left 3 hours ago. It would be nice if we hit the bounce area already. London close coming, may get the move soon. (looking for 128.8 GY off the lows TL)

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

I think he's looking to buy, need to see what happens at 1.005 first.

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

hit my GU TP. out here & done for the day. probably a bit more downside to come, but off for dinner and a movie. good luck with your trades.

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

updated GU chart — .

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

GU still bearish. UJ bounced off 84, but still trading under 84.43. Not sure if you're scalping or position trading, but a clear signal has not presented itself for longs yet.

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

if the WS1 doesn't contain price here, S2 128.7 is a reasonable target. 3 minutes to London.

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

closed + 4 (price dropped back under the 1M 7SSMA) too early still.

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

lol.... same here. off to trade. catch you chaps later. took a cheeky long off the S1, but if we fail to break 129.83 will close and wait for a better entry.

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

not sure what you're seeing, but personally I'm watching for a supply reaction on the downside, a bullish signal on any TF, or the next value area to be touched. so far, not yet.... good luck with your trade!

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

lol.... exactly. this is a prime example of how people get their ass handed to them trying to pick bottoms.

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

I was sorely tempted with the 60", but it's a freaky large thing to own. Actually I'm watching the price on the XS series 52". Is a beautiful TV and dropped from $6,000 to $2,500. (I think it originally retailed for $11,000) ...another $500 and I'll ...

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