I believe the retrace is complete and we are now heading for 238.

This weeks GBP/JPY Analysis & Predictions

I believe the retrace is complete and we are now heading for 238. I have attached the original chart and a current one. Original post below. url

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

I believe the retrace is complete and we are now heading for 238. I have attached the original chart and a current one. Original post below. url

Daily GBP/JPY analysis

I'm not a big fan of the heat... especially heat waves... I actually like the weather here.... the summers are the best I have had.... doesn't get too hot or cold and the days last forever. I don't even mind the winter cold but there tends be be a ...

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

Yep! No soft landing this time! I wouldn't be surpised if we are forming a head as part of a head and shoulders formation on the daily.

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

Is it safe? Hasn't the country dried up yet? Seriously though, I will be there in 3 years time for 2 years, then back to the UK. Not sure it's a good idea yet but we'll see.

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

Markam was saying DOW would reach a new high for a few days/weeks. I was only thinking a double top but he was obviously right. Anyway, I think Wednesday (+-1) could be a big day. But I have to agree and I have mentioned this many times - just go ...

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

Looks like it could be a boring night (day) so off to bed. London session should bring some spice back into the market. HM, would you be able to get your chauffeur to pick me up from Sydney Airport and leave a nice bottle of champange in it? I'm ...

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

I'll be expecting a retrace back to the 235.5 area (possibly slightly lower to 235.2) and then a nice bounce up to the 238 area, followed by another bounce back to 235. Now if the BOE is GBP positive, that could crumble the 238 resistance quite ...

Daily GBP/JPY analysis

I'll be expecting a retrace back to the 235.5 area (possibly slightly lower to 235.2) and then a nice bounce up to the 238 area, followed by another bounce back to 235. Now if the BOE is GBP positive, that could crumble the 238 resistance quite ...

This weeks GBP/JPY Analysis & Predictions

I'll be expecting a retrace back to the 235.5 area (possibly slightly lower to 235.2) and then a nice bounce up to the 238 area, followed by another bounce back to 235. Now if the BOE is GBP positive, that could crumble the 238 resistance quite ...

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

DOW chart attached and the weekend removed from the cycle (MT4 problem, not mine). Therefore, next cycle period will come this Wednesday (3rd Oct). Is that the big day?

This weeks GBP/JPY Analysis & Predictions

DOW chart attached and the weekend removed from the cycle (MT4 problem, not mine). Therefore, next cycle period will come this Wednesday (3rd Oct). Is that the big day?

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

Sounds to me like you were overtrading a bit and perhaps chasing a loss. Time to step back a bit and as you say, let them come to you. Even take a day or two off to refresh a bit.

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

Well, the rise is consistent with everything else. If we are going to see a big fall then it will probably double top.

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

Can you post a chart so we can follow easily? Not everyone has those projections in place.

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

OK, we may get a retracement higher up but 238-239 is not that far away. 235.5 is starting to look solid but a few more tests will confirm. I suspect a bounce off 238 will come back down to 235.5. Whether we get one before that, I'm not entirely ...

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

You also confirmed that 235.5 was support. Why GJ down? BTW, I have tried to talk to my charts many times (even nicely) but they just don't listen It's better to listen and see what they have to say.

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

That was the throwback to retest the 235.5 support in my books. I would say longs are looking good but since that was the top of the range for a few weeks, it may still come back for another test (on a larger timeframe) before shooting up to 238. We ...

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

You could buy back now at an even better price (if you believe your target will be met) This is the first test of 235.5.... will support hold?

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