you can see that the price is below the 4 hour 5 sma low which is bearish. It touched around friday's low and retraced a bit. I sell rallies as long as price is below 214.

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

I am looking for test of friday's low and waiting for new daily candle. I was long until the ISM leaked then I shorted and got stopped out on my longs. Made up my losses luckily by acting quickly.

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

i am short

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

this weak ISM number was leaked to insiders an hour before the early release

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

url

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

dont chase the market

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

very weak number that why you see a reversal

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

ISM news was leaked early

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

gbp/usd has become a decent carry trade at 5.50% vs 3.00% interest rates.

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

My strategy is to sell rallies until we get a daily close above 214.

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

This is the 4 hour chart. Short term, we see a rejection of the 123 fib extension (tomato color) around the 204.59 area on jan 23rd. You can also see the 161 fib extension (aqua color). Price retraced up to another 123 fib extension (aqua color) ...

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

Looking at the daily chart, we see a daily candle close below the 5 sma low (white). This is bearish due to a weak NFP. The red horizontal lines need to be resolved at the 213/213.70 area to turn short term bullish. This is previous support area. ...

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

I added a fib (aqua color fibs) from the previous upmove at 219.30 area to the high at 241.45 area. You can see that price was rejected at the 161.8 extension of this fib at 205.16 after a breach to 204.59 area.

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

here is a zoom in of the weekly chart. The 250 sma (lime green color) has been breached twice by the last 2 weekly candles but retraced upward for a close above it. The 250 sma is sitting at 208.63 area. We have the last 3 weekly candles closing ...

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

here is a zoom out of the weekly geppy chart. It shows the 50% fib sitting around the 199/200 area and the 400 sma (purple color) around the 197.25 area and sloping up to meet the 50 fib. Price has breached the 300 sma (pink color) around the 205.32 ...

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

here is a zoom in of the same chart. The zigzag indicator shows a possible 5 wave ups to 251 area from 148.19 area. Or wave 3 could be fragmented by consolidation. I don't know. We could be in a 4th wave down or a 1st corrective wave down from 5 ...

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

If you zoom out on the monthly chart, you will see that gbp/jpy is actually in a 30 year downtrend, that bottomed out around 130.97 area (1995). It then corrected to the 23 fib around the 241/243.68 area july, 1998). It reached a higher low in ...

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

last hour of europe and London are either taking profits or covering shorts ahead of NFP.

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

hourly chart shows triple sma support which needs a retrace up for a strong push down to break it.

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

here is the 4 hour chart again. After the 4 hour 100 sma was breached and we had a 4 hour candle close below it, indicating bearish conditions, we had a retrace up the 50% fib of the downmove which was rejected. Price once again breached the 100 sma ...

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