I don't think it will break 129.78 ... that is the same line that held it to 130.77. It has moved down some.

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

Waiting for the 4h puppy to toll over

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

Anyone seeing a 4r bullish stochastic divergence?

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

Fly or Die soon

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

Bear Party — Not celebrating just yet. Been to this party before only to see the 4H reverse and climb higher. My shorts are in place, but would like to add some more higher up the ladder.

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

If Sun/Mon Daily closes higher, we would have a Double Bottom. I am not too sure of the significance of this ... anyone?

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

If we go to 138 before next Wednesday, we could go a lot higher.

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

Today is Friday — Given how this pair has acted in the past, we will most likely go into the weekend with a pant load of doubt.

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

A different look — A strong Bear signal if we close daily below the blue Kijun Sen today.

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

Hedging from the high and low can be very risky if we get into a long term trend. Imho, hedge from the middle, but this is risky also.

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

For an Ichimoku trader, this is still considered a Bullish trade on the Daily TF

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

U/J is still below Friday high??

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

The chart posted before did not show the fractals. This is how I see it.

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

This is how I see the daily wave count ... I do not count the bump between wave 3 and wave 4. Any thoughts?

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

I will tell you next Tuesday

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

I am still learning the methods used in here. This is a view seen though a different prism. If the U/J closes below the weekly 94.3 line, Monday should be good for G/J shorts ... imho.

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

One more 4h session to go to the end of this flat bottom cloud. If G/J is still inclined to go down, a quick drop would miss the next cloud which is thinner and not as powerful.

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

The hold up is with the 4h chart ... Flat Bottom cloud which extends for 24 hours. If we break this (pink) we have a clear ride down with little resistance (yellow) If not, the 4h bolling band has not completely touched the top band yet.

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

USD Bear — This is a good beginning point for Ichi .... url

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