Scrat the weekly chart speaks volumes and the real buying opportunity was at the 131 which will be defended by the bulls. . . All the in-between ranging is what it is. . .just that ranging moving nowhere fast. . . The weekly chart clearly states buy ...

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

Bro looking at the "big picture" weekly. . . Our ultimate goal looks to be ar'd the 150 handle. . . Right now if you draw a fib from the swing high to low off 163-118 you can clearly see we are stuck in a range 61.8%-50.0% range at 146.16/10 - 141 ...

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

Nice drop we are seeing off the high. . . 200 ema! Down 200 pips not bad so far - 142.25 looks to be the 1st target let's see how we fair after London packs it in - see if NY buys it back to at least the DPP before a continuation or we may just see ...

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

Well, I see 3 levels of support in UJ @ 94 and 93.60 and 93/92.90 area. . . other than that I see a trip to above 95/95.50 myself possibly higher so not sure what you are seeing ATM?. . . I think if ("BIG IF") we get a move lower in GJ it will come ...

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

Not sure why Thusday/Friday can mess it up but if you are referring to UK election well I would agree could see some ranging. . . However also keep in mind weekly and daily range. . . Daily = 142.62 - 143.91 - 144.60 Weekly = 141.27 - 143.61 - ...

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

. . . and what are you seeing?

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

Have'nt posted in a while so here is my take on current PA if anyone is interested. . . In my experience when we enter into a consolidation zone it's best to look to the higher TF's to try an make some sense out of what could be going on. . . So if ...

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

If we manage to get some momentum a reasonable target I see is 142.50 then 141.80/50 and if it holds then back up and 151 is the target eventually - if not then a test of the low 139.40 then 138.50 and if that break say hello to 137/136.50 and ...

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

Well. . . Looks like distribution at it's finest and sometimes you must go with experience and your gut. . . PA wasn't making technical or logical sense I expect we will see additional lower price before the NY session who will buy any low made ...

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

Yes, what I've notice is this. . . If this is in fact a bull rally (which we all know what that looks like) with all the so called "great earnings" and all the good news coming out of the US why haven't we broken the last high @ 145 area yet?????? ...

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

I'm with you and said the same thing. . . Makes no sense anymore. . . Throw all charts, computer indi's out the window. . . But looks to me like classic distribution and something "big" is in the making and I think we we head south in a big way. . .

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

Very well stated and it's as simple as that. . .

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

You beat me to it. . . Agreed!

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

That's not what the daily chart is suggesting. . . What I see is price testing resistance near and below 4hr gann currently. This area is also near DPP which after a move like this is typical for price to go back and test it prior to it's ...

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

Sorry for answering your post so late - we should stay below 142.20/60 which is DPP. . . It's natural for it to test it but a close below will give further confirmation of the resistance up top and we should continue the cycle lower based on the ...

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

Hope everyone is enjoying shorts if you shorted on the spike on Sunday. . . We're trading the daily chart now and as stated last week and earlier this week the daily divergence will play. . . min target 139.50 max target based on this daily chart is ...

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

Can I ask what's your TA logic behind these targets? why would we go back up there when we have made a lower low and a low high on a daily basis? Just want to understand your thoughts or is this a signal service you are following? I see divergence ...

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

135.80. . .

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

Basically, this means that NFP last Friday was all 'whoopla" and "hype" and we are in fact raelly no better off than we were last NFP = stagnant and it look like this will be the case until year end. . . So, I see nothing to continue to dirve price ...

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