With the volume of significant US news data, high volatility, and its accompanying whipsawing, there may be a lack of true direction until well beyond 10 am EDT.

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

GBP/JPY and GBP/USD are syncronizing today. Doesn't always happen; but is today.

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

Lincoln: A close above or below key resistence and supports needs confirmation by another candle. That is why most will wait for the second candle/bar to close before entering a trade. Yesterday's scenario of which you speak often occurs. Most all ...

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

M2B Agree. Although I have leaned to the upward break

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

A strong close below 231.50 or above 232.50 should set today's directional bias. I don't believe we shall see either until after the GBP news results in a couple of hours.

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

EDITED

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

I have my eye on the 233.50 level too; but believe it will go higher. [/B]

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

Worthy of consideration: url

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

M2B: I spend a great deal of time reading on this thread. I also make worthwhile observations and thoughts for the consideration of ALL traders such as I did here: url To their credit, other traders here, saw the reminder has being of worth. ...

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

M2B Check the upper left menu box here: url

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

M2B You may wish to check the upper left menu box here: url

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

Zoran: Well said. Had been expecting GBP/JPY to go a little higher today; but was not at all surprised that the uptrend dominated. Do feel from the charts that a significant long is possible.

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

M2B You may wish to check this: url My understanding is that there has been no change in time as outlined in the above link. Thanks

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

With only 30 minutes left in the London session, and the usual slowdown that follows, it may be that we have seen today's highs and lows.

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

Better still, develop your own system. Then you will have taken responsibility for your own trading decisions. Even successful traders make wrong calls. Don't blame them if you blindly follow their advise. [/B]

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

auslanco: On its way. What is to be expected when it hits the 5 SMA? Does this indicate further upward movement or retracement?

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

231.28 Now

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

Something to consider. Possibly the information that will have the single greatest impact today is here: url If this turns out to be correct, we could see further upward movement in the GBP or, at the very least, much volatility; but ranging.

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

Don't think you have that long to wait

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