we have strong support at 238.80 area, it's not a fibo but it's a great support area

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

Testing 61.8 fibo (239.70)

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

That's good, we might range like A said.. if we dont break this 38.2, I hope we get out of this annoying range though lol

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

their values/prices? UJ 118.60 GU 0260

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

GU is giving way for GJ to go down.. if UJ goes lower.. we may see a nice ride down

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

GJ wants to go down, but.. GU & UJ are sitting on very critical and strong fibo's, if they break.. we are going down

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

Group Hug

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

Cable is being supported @ 0260 UJ is being supported @ 118.60 Weekly trendline is supporting GJ at the moment.. image

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

We are sitting in the middle of this range, it's getting boring watching it play ping-pong with us

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

Thanks, I've learned a lot from your posts, when you had your own GU thread going on back then and even now , Please do continue to post so we can all learn from a professional trader such as yourself Monarch I need someone to help me, ...

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

It's nice to see you posting again Monarch

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

241.10 image

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

I'm long, TP1 241.80, TP2 242.70 Please trade at your own risk and use sound Money Management, this is GJ and it may eat up your account quickly if you risk a lot.

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

image Goodnight fellas

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

image

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

I don't feel like posting anything after how this last trade turned out, but yes that is what i think

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

Retracement to 5SMA on 1H chart, we might test the 38.2 fibo (green line on my chart) at 242.70 area

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

Too bad I wasn't next to my PC or I would of saved myself and many others many pips and actually made some pips, we had a clear signal on the 4h that a reversal was gonig to happen... image

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

I hate DOW wasn't expecting this... but this is Forex

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