Not certain but..... — I don't think we'll range this time. Looks like this push up is v strong. We'll retrace for sure but not I suspect at 145. I see a surge through to the 146 area before any retrace. We also have to remember, the US ...

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

Resistance hit.... — Resistance at 144.78 hit. Once we break this level 145.07 is key. Above this and 148 looks increasingly likely. As an aside UK house prices rose last month for the first time since Oct 2007. Will be interesting to see if ...

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

There we go..... — Looks like UJ has woken up. Today could be a bonanza for longs now. Hold on to your hats.

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

UJ? — UJ hasn't joined the party yet and until it does, I cannot see GJ breaking above 145. I'll be buying on the dips.

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

UK Manu PMI — Price rose prior to release and continued afterwards. Bounced off resistance at 142.68 ish, but looks like a test, that's all. Shorts will be hurting now and bears will be averaging-in hoping for a retrace so they can exit. ...

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

yep. — This is good advice. The trick is to not let anyone scare you out of a good trade.

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

With ya — I agree Charle. Not much volume either way right now, so talk of tankage is premature. Looking at the charts as they are, more upside is likely than 139.xx. One thing to watch is UK Manufacturing PMI at 9:30 GMT. This could simply be ...

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

Why Tradestation? — I use Tradestation. Not that great if i'm honest. What are you hoping to use it for specifically?

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

Not surprised — Not surprised by that late rally on ES. 800 is key level. Took a while to get back there, so they won't want to give it back without a fight. It's their way of saying stocks are still 'bullish'

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

Show us the money..... — Bit of a pivotal time I think: As has been posted already, seems GJ could go either way from here. I still think 142 will act as pretty major support now, but if we break strongly below it, we could return to sub 140 ...

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

Rationalle...? — Piters - Maybe if you post enough bearish charts with reasons why this 700 pip move is fake, maybe the market will fall. Everyone is forgetting that Sterling's fall against Yen has been catastrophic. So what if we've ...

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

Well that was simple..? — Played out as I was expecting, only the move came early. Now we see if 142 becomes support..... We should be wary of getting obsessed with volumes on this upmove. Yes, they may be reasonably low, but that's not ...

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

350 pip — .....is a 350 pip upmove in a single day not enough for you.? The only reason this looks like a climax is we are now in the graveyard shift. I don't know what will happen, but i'm not seeing a huge decline from here.

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

I would be inclined to agree if 141.70 was rejected by high volume sellers, but I don't feel that has happened. An overnight breather for Asia, for a clean break during London/NY. JMHOOC

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

Risky.... — A short would be risky considering we're into the last hour of trading with ES and Dow flying.

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

No surprises so far..... — Absolutely no surprise we bounced at major resistance under 142. We've not been above here for a while and already 'tested' it more than once. If this plays out without any shenannigans, we will move up and 142 will ...

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

Not sensible to think too much about this move today. UJ and GJ have climbed strongly while ES and YM have stalled. This tells me some big players are pushing these prices up for option expiry time. The thing to guess right now is what expiry price ...

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

UJ, ES and YM are all climbing, so I would not expect GJ to fall. 138 does represent tough resistance, but buyers have stepped in all morning so far, so I suspect we're looking at a leg up from here. JMHO of course.

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

Thank you very much.

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

I seem to remember it had both in the form of a calendar.

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