look more to the left... it is retracing, but to 1.16.

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

long term chart is not bullish and i don't know why people are even considering going long. there are a bunch of resistance levels on the way up, and we are far down... even from the first one. IF WE ARE TO GO UP, first we must stop going down, and ...

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

sl should be 139.65

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

this baby is going down and i will short every single rally. nothing more to comment here.

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

resistance above = 143.25 / 144.45 / 145.20. hope charts are self explanatory. not saying that it will get tested, but theoretically there is a chance UNLESS support (135.56 / 134.33) is broken. as for 141.50, i posted another chart with monthly ...

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

i subscribe to mostly everything q said. technically, main direction is down and trend should resume soon. the attached chart is showing position and configuration of monthly (light green), weekly (orange) and daily (purple) vwap. at this moment, ...

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

:nerd:

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

yes, theoretically it is possible. medium term support is @ 135.60 area, and until we see a weekly close below, i don't think this can continue south. on the upside, 143.25 is critical resistance. but i can't tell you for sure if we can get there or ...

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

short, anyone? or looking to load shorts? not so fast. we had a bullish price action since ny opened, and look where price is now = above london close @ 138.76. we are going up for now.

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

yes, most likely. although 143 is not really impossible. will sell as soon as i have confirmation.

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

the long term chart is BEARISH. look at monthly chart - we just put a lower low. i already explained the real resistance is 143.25 area, and theoretically that's where price is heading now. this means that current rally is in fact only a retracement ...

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

oanda never has gaps. there was a gap between ny close on friday and new zealand open today, and on my charts it is not closed yet.

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

IF it retraces, i think tokyo open @ 136.50 is a good target...

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

chill out. 136.75 = new zealand open; 134.55 = ny close on friday...

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

i don't know, so far i see new highs are tested. new zealand opened @ 136.75 (approximately) and we are above. this level is our support for now, we will head towards ny close from friday - 135.56 - only if 136.75 is broken. but if we see a bounce, ...

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

oanda shows 137.50...

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

thursday had a huge tick volume. it also had a wick of about 450 pips (low - 129.75, close - 134.33). that entire area between 129.75 and 134.33 is support, and price action will be at least funny if not straight imbecile once back there.

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

better keep yourself unbiased. something rattled the markets, and from what i see it looks like smart money bought everything all the way down. when someone is selling, there should be someone else buying - so a question you should ask yourself is, ...

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

IF we are to go up from here, we should target first 143.25 area, as it is the new resistance. any rally that does not break significantly 143 area should be sold. another important level is last weekly close - 135.56. and this is where it gets ...

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

yeap... too many people were on the right side. more and more of us are becoming skilled and this trading business must come to an end soon...

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