Not too dissimilar to the gambler who's upset when he loses and upset when he wins as he didn't bet big enough. 126 will be a magnet for this pair now, so there will be other ops I think.

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

Next Stop 126. — If we can stay below 50% fib level, the next stop I see is 126, confluence with 61.8% fib and reasonably strong support. I'm staying short..... EDIT: Closed shorts at 127.49. Will re-enter on the pullback.

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

Key levels now.... — 1, 5m 200ema tested to the upside. 2, 15m QQE crossing 50 line and 50ema. 3, 1hr Gann flipped to upside. Exciting times. 2 hours ago I was strongly bearish, now I'm just watching....

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

Comon Malc, you never heard of PPM?

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

Gold futures highest since last July. Market is spooked. I've seen this happen before. No longs for me. Still holding short from 129.85 and will add if she goes.....

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

Taken a small short here at 129.85 based on the 5m TF. Will be short scalp or a cut-quick.

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

I have no view on any potential new low; we're still 1000 pips above the lows and a lot can happen before then..... For now though, I'm bearish.

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

If 129 is taken, then my 50% fibo level is at 128.06 ish. I think we'll certainly hit that today. Still short bias for me. Additional short order at 128.82.

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

Mervyn King is speaking. Careful... BoE gunna increase money supply, we go down I think.

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

Bullsh1t bounce. Short from 130.15.....

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

I was thinking the same thing. I am assuming that the market is now pricing in USD weakness, whereas they weren't yesterday. Flights of safety being Yen and Euro.

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

Longs now are very risky, downward pressure only as I see it. If we break 129.55 comprehensively, we go down to 50% fibo at 128.05...ish.

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

Yes, hit the weekly Gann. Still brave to go short there as Gann does not reject price as confidently as a 50 or 200 ema.

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

Sentiment.. — Careful with the sentiment guys. We've not touched the 38% fibo retracement from the last up move yet, so any talk of new lows is way too premature. It's easy to get carried away when GY has lost 400+ pips in one day. 130.40, ...

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

200 ema — 1hr and 4hr touched 200ema. Let's see if she wants to break over the next few hours. I'll be looking for more shorts, but not yet.

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

Brave man. Good luck.

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

Closed all shorts. Do not like the PA of this. Will be watching Asia closely tonight....

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

Buyers stepped in, but there was weakness in the background. Took another short from 134.71.

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

I'm seeing a breakout lower if support at 134.35 yields. My 4hr Gann has flipped and Laguerre on 4hr crossed the 0.85 line. I'm short from 134.83.

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

Deja-vu. Same thing last week after a week of strong gains. We went up 1000 pips last week, so a correction of a few hundred pips is not earth shattering. I'm not saying we're on our way to 140, only that market could simply be consolidating here. ...

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