yes, 233.00 level has a very strong trendline and 200 Ema just above it, it will need exceptionally strong Yen Negative News to push it above that, suggestion is to short it at the top of the trendline and wait till it reaches the bottom trendline ...

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

we all have learned Patience from Karmo, its a virtue every trader should have if he needs to succeed in this market

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

I love this pair...and this trendline..its like magnet...the lower hold and the upper pulls price towards it...we may look for a breakout this friday...so till then sell at top trendline and buy at lower and sit tight...keep 30 pip stop loss above ...

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

what is the pip amount of ur trail

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

my other reason for being short..self explanatory.,.Monthly pivot is acting as resistance..i will close my Shorts if the 15 min candle closes above it

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

my postion for being short is this Magenta Trendline in 30 min chart i am now short from 232.25 targeting 231.02 SL is 232.60

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

that was good...i am now short from 232.25 targeting 231.02 bearish sentiment

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

waitng for a 15m chart convincing break of 232.15 to go long, could be a false break now

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

LOL

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

I am short from 230.80 TP is 229.00 SL is 231.60

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

DOW is tanking at open

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

Lennar Corp., the largest U.S. homebuilder, reported the biggest quarterly loss in its 53-year history after $848 million of costs to write down the value of real estate. The shares fell as much as 6.9 percent.

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

you are really down to earth and a very helping Bloke, May u get all that you wish for and god bless ,

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

Lol..i do this on a 1 million demo a/c , max trade possible on Metatrader is 1000 Lots

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

retrace likely to 231.70 area and then reverse

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

hmmm....higher lows and lower highs...this should be really interesting to watch the breakout...

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

Yes, as we all know those who are watching this thread, 231.80 to 231.60 area has been a stubborn resistance when price was below it and stubborn support when price has been above it, so unless some news is there, going below this seems very hard, ...

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

next target is the weekly pivot at 231.77, i have a buy order ready at 231.70 to go long..it shows oversold from 5 min to 1 hr stochs and rsi...

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

after almost 3 failed attempts to go below the 61.8 Fib @ 232.26, the next 1 hr candle looks to form below it, which will indicate that the next level of support for this will be at 50.0 Fib @ 231.49 , i dounbt it may stop at the 231.60 level and ...

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

monthly pivot at 232.27 acting as support, once this gives, then next stop is 231.77 which BTW is the weekly pivot which we all by now know it to be a stubborn barrier to break, so i see a bounce up from this level

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