Its because people are paring their stupid long bets last friday on USD

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

Its not jpy strength. Its USD strength. jpy is only piggybacking some of the ride

Daily EUR/JPY analysis

Up to you how you want to describe resistance image

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

It doesn't matter if its an important indicator or not, the figure should still indicate the correct colouration and since the revision was red after it was adjusted upwards (more productivity, 2.2% to 2.6%) it leads me to believe that i'm missing ...

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

no no no daanman3, you missed my point. What i'm saying is that the FF calendar has the figure 2.2% highlighted in green next to the expectation 2.5%

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

you know whats gotten me really confused? Non farm productivity was up 2.2% on an estimated basis of 2.5%. How can this lower than expected productivity be a positive for the currency as it's showing on the FF calendar?

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

Thank you lilmoe I'll take that as a compliment even though i'm still a complete noob

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

If we break this weekly bearish flag quite frankly i don't see a firm ground at 208. It might struggle around that area for a while but all in all we might see a bounce at around 203.8-204.5 Break of that area and i won't see support until 197 and ...

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

Auslanco, 1-2 year TF, are you dollar or anti-dollar biased?

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

Hey Auslanco i'm not sure if you do any fundamentals but i'll put out the question anyway. Are you seeing this currenty USD strength as a sign of intervention or do you believe that the US Housing market has bottomed and its time again to trust ...

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

No, its coming off steroids Its the USD that's on steroids these days. image

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

Normally i'd say no however, its a Friday, the weekend beckons, there's an opening ceremony televised worldwide on TV (especially this olympics which has drawn in so much controversy. I wouldn't be surprised if some traders, and yes even some of ...

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

don't forget this Friday's volumes are gonna be lower than normal, Quite a few people watching the Olympics tonight

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

Careful all GJ AJ traders, both AU and GU are approaching major support levels. in order to see both these yen pair tank, we'll need a major crap on the UJ which at the moment is experiencing narcolepsy

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

Well i can't speak for lilmoe, but those bulls will call that a bull flag in progress

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

Its not so much UJ GU moving in opposite directions as the UJ simply refusing to move at all. Bad news/Good news all just seem to have a momentary whipsaw effect on the damn thing before it goes back to prenews levels

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

you know theres something seriously wrong when data comes in worse than the already battered down estimate and the USD still gains.

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

Hey Auslanco do you use any other longer term settings on the fast stoch's other than (5 3 3)? I often find that swings around far too quickly for me to read much into the signals

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

ROFL. Either that or JK Rowling, We all know that 10% of UK's GDP is generated from those books, Who knows, when their economy starts contracting you might see their merchandise sales as the only thing holding the economy up

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

around 85.5-86 seems like a strong support. that would also conincide with the mid-long term support sstarted since the beginning of 2006, however it might take a few months to take it down to that level. There's a mid-term support around 90 and ...

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