resistance at 233.60 , if it goes above this, then next stop is 234.29

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

GU is pushing this higher..we may see a test of 233.60 before it reverses

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

yes, it does not have the ammo to hold on to the upper break..so we will see it ranging between 233.30 and 232.80 till london joins us

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

if even this GBP positive News does not break the upper trendline..then bounce back will be very hard, but looks like UK Open will take it above on this news..got to wait for UK to Open

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

not able to go above 4hr upper trendline...200 EMA bounce down...after trying 2-3 times since last night, the bounce down may be nasty for anyone holding on to longs

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

what was the spike down..some wrong entry by Big Guys

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

here we go now, its after 5 Pm EST...hope to see it reach 231 before london opens

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

yes, the 200 EMA has not been broken, but once it breaks it, then 238 is target

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

Yes, i will wait till it finally closes to see what to do for my short...but most of the times, its a reversal candle...have to wait i guess

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

what about you, pipchick, have not seen u short this beast...are u long ?

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

I was short from its earlier approach at 233.20 , my SL is very tight at 233.60 my First TP is 231.70 and Second is 230.35

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

the reason is this candle stick formation, and 200 EMA on 4hr acting as resistance

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

oops..i almost forgot...thanks for reminding, so the shorts are safe, it will not go more then the upper 4hr trendline..

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

i am patient..but if DOW does not close below 13870 , then we may get to see a breakout of the upper trendline tommorrow

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

DOW close to 13900, so we may not get to see the bottom of the bearish trendline..231.80 may hold and we may range till UK Session tomm

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

well, just hope that the DOW closes in negative,

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

60 EMA provding support at 15m chart and 200 ema at 5 min chart..once it goes below..next stop is 231.80

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

Yes, Karmo, we may come back and retest upto 232 max, its down from here on...we will break the bottom trendline by tomm or max by friday convincingly.

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

M2B, with the rate this is falling, 230 may be reached before NY Closes

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

M2B , perfect analysis, i have the similiar trendline and its earned me more than 600+ pips this week, chart as below

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