Agree — This is what i'm seeing too. The fact that the volume yesterday was a little lower than previous days is a misnomer. All it tells us is that the pros were not selling, simple. And there's a good reason for that; no one wants to stand ...

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

no targets — I don't do targets. I don't see the point in trying to predict a target thousands of pips away, but I'm willing to concede that some traders are very good at it. I do think we could race past 151 this time though.

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

Eh? — You been living in a cave? Bullish news on UK investment reported on Bloomies today, analysts predicting higher prices for Sterling and the Bank of Japan stating they are 'monitoring' the FX market closely.

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

An alternative scenario.... — ... we all have to remember just how far GY has fallen from the top. Here's a thought, now don't let it scare anyone; GBP is undervalued, some analysts are saying as much as 20%. Let's for a moment consider this ...

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

Short — looks like a runaway train, but I'm short from 146.75.

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

Confluence — Am seeing conflluence at 146.75: 50% fibo and UTL from 150.5 - 143 downtrend. I will short quite heavily if we get there for a scalp.

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

Upper Trend Line — UTL is Upper Trend Line

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

Is this what you see...? — Are you looking at the test of the 62% fibo line from last downmove? as well as bearish divergence on 30m TF which hasn't played out yet?

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

4hr QQE — 4hr QQE never did cross down. Early days I know, but LTL held again.

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

LTL Bounce — So, price bounced from the LTL on the Daily at approx 143.05 and looks to be setting up for a London push below. BUT... Looking at 4hr and 1hr Gann + QQE, everything looks bearish except 4hr QQE not crossed down yet. Also spotted ...

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

Yep. — Yep, it's as simple as that I think. There are many thousands of traders who hedge a bad trade and add margin as necessary. Banning this method of trading will just make retail traders realise their loses when hedging at least gives ...

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

lol — You tease.

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

There's bad news everywhere though isn't there and I find the less attention I pay to funnymentals, the better I do. All I knoiw is it will take some serious volume to break below 143 and after that there's a lot of wood to chop lower. The 139 I ...

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

Interesting Asian session — ....to come I think. Have had a good look at fibos from the recent moves and I cannot see too much more downside from here. As RGitt says 143.40 is key, not only because of previous support, but also the Daily LTL ...

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

Decreasing volume — ...in this move up. ES continues to show weakness. Still short bias for me for now.

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

ES now. — A bit behind the curve, but ES has now joined the fun. As Piters said, if we break lower before NY get to their desks, we could see further falls this afternoon. Watching previous support at 143.40 ish and ltl on Daily at 142.90 ish.

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

Watch ES — UY and GY dropping like a stone, but ES unaffected. Smells a bit like a shake-out to me. If ES decides to join the party then more downside likely, but limited at the moment I think. We'll see of course...

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

I know — Galatasaray - I know you didn't. The quote function is playing up.

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

lol — [quote=forexlion;2734377][quote=sycho;2734243] Or questions whether making someone like you a mod devalues the thread.

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

Pop up I think — Call me crazy, but I see signs of accumulation in this area. I think we'll not break lower..... yet.

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