If today's candle closed below 149.50, it would form a very nice pinbar on the daily. Last time this happens down at the lower daily trendline, price has climbed from 135.60 to 151.50. If today's close at around 149.50, I would short and target the ...

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

This trendline is being strongly tested. It seems the bulls are not backing off. But I do not want to take new long here at 151. If it breaks and flies to 155 or higher then so be it. These trendlines are ususally pretty strong levels.

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

Moment of truth at 151. If price reaches higher than 151 today, it might close the daily above 151 and break out of the daily channel, which also invalidates the massive daily bear flag. This could signal the weekly trend reversal (downtrend from ...

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

We might see 165 sooner than expected. It might not take until the end of this year but maybe in a month or so. Next couple of days price action will determine if price is heading down to the lower daily trendline which is currently at about 140 ...

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

Price is getting extremely close to this upper daily trendline at aroung 151 area and momentum is still strong. Just because price reaches a trendline does not mean it will bounce. There will be some resistance at 151 but we have to observe the ...

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

That's because the market has been trending nicely lately. The gann hilo is a very powerful indicator if used correctly. It works extremely well in trending conditions but will fail in ranging condition. I think a lot of new people abandon it after ...

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

Report as expected, only 4k off the expected numbers. FLY!!!!

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

If the NFP numbers are at least as expected or better, then I think GJ could go up as high as 151 today. With optimism over the G20 summit, I think the dow will continue the rally today and take out 8000. Everyone will start to price in economic ...

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

The pounds are strong so you can go wrong buying them. Lately a string of better-than-expected news report for GBP has helped the bull. I think we might see a push for 150 today because upward momentum is still strong.

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

Yup, gotta respect the clear hourly pinbar formed at strong resistance. I noticed a lot of times price formed these pinbar to keep people from going long. Then it turns out to be a fake and price keeps on going north. This could be the end of the ...

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

1.47 is a tough resistance for GU on the daily chart. There's still about 3 hours of high volume left. It needs to break soon or I think GJ will pull back and consolidate between 146.80 and 145. 148.50 might be for another day.

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

Next stop is 148.50 according to the daily channel on my chart. Then we'll pull back possibly to the lower daily trendline.

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

Bullish ascending triangle pattern. I guess a candle closed above 142.80 would confirm the breakout to the upside. We did have a few big break out during Asia lately so today could be another one. Happy April's Fools everyone!

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

GJ isn't gonna tank. Take a look at the massive monthly pinbar for GU. GU is heading for 1.50+ and UJ "looks" like it could be breaking that 99 level. Regardless, UJ could consolidate in the 97-99 region but as long as GU breaks out, it'll carry GJ ...

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

There's a 90% chance GJ will go to 143 in the next 8 to 24 hours. This price action is looking almost exactly from March 23 on the hourly chart before GJ skyrocketed from 141 to 145. According to the daily channel, I see GJ goes up to 143 then down ...

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

We could see 131.44 this week and possible retest of 118.80 in the coming weeks. If the daily trendline at 135.68 is broken, then it's very likely that the weekly retracement is over. 145.03 was as high as she'll go. Weekly chart indicates that ...

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

I think price shouldn't break 137.50 and head any higher. Because if price breaks 137.50, there's a chance the daily candle will close above 138.50, which is above both the daily gann and daily 50ema. If price closes below 137.50 today, look out ...

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

UJ is forming a doji on the hourly. 137.50 is a strong level for GJ. Maybe it's a good to buy. I'm taking half long here and buy limit at 136.20 the other half.

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

Price should be heading back up to the top of this channel, which is about 142ish.

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

No problem. Seems like market is waiting until after US news to make its move.

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