We'll see if he is right url

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

Resistance @ 232.70

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

Yeh you are right and we have to take care of the bullish engulfing candle confirming an old support , it is usually a good indication of a bullish signal. We still have to wait until it closes though. Yeh 15mn chart is ranging and it should ...

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

Take care mate , Bulls are not far away

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

That's good new for short traders Let's wait Nikkei opening ^^

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

Yes

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

Pair is stuck on the edge of the "Kumo cloud". At this point it can go up and fast , unless it breaks it and then we should see a nice fall

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

Hmm.. interesting , we should take a look at this

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

What a huge bounce

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

Resistance @ 231.70 Let's see if it bounces off from here

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

Indeed... hmm

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

Let's wait that retracement now , aus , you think it's going to be a 30mn retracement or a 1h one ?

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

It ain't a surprise if the pair goes into a range mode for the next 2-3 hours

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

Yeh same here , a bullish engulfing candle (10mn chart) just on a huge support is not confortable for shorts

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

My guess is 1) daily 5sma 2) 4h fibo retracement (61.8%) 3) Kinjun support 3 reasons for a bounce

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

I believe in the power of the bears

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

233.70 hit Now let's hit 233.30

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

Finally EJ broke is low , all J pairs have broken their low of the day I hope we are all ready for the fall

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

Sure , i've shorted at 233.30 , just when the 30mn candle broke out and closed below the Kumo cloud (some kind of trendline)

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