Got in a long at 129.85 on the pullback, stop at 129. 129.30 should hold. If not, then down to 127.80 again.

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

There's only 2 hours of high volume left. If it is to break higher, we should see it within the next 2 hours. Resistances at 131.30 (4H 200ema) and 133.50 (daily 50 ema).

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

It breached the high and still going strong. Last 15M closed very bullish. This last 15M candle will say a lot. If there are not sellers/profit takers coming in. Then the hourly should close very bullish. My target of 133.50 this week is still on ...

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

The daily 50ema is at 133.50. So far for the last 6 months, GJ has not broken this resistance. I think if GJ touched the daily 50ema again, it will bounce really hard down again. I think we may consolidate for the rest of the week until Friday after ...

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

If 128.80 is broken, then I will target my original target at the beginning of the week, which is the daily 50ema at around 133.50.

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

128.80 is the strong resistance. If broken, then look out above. We did consolidate for a long time so this break out might be strong. I'm out at 128.80 hoping for a pullback to the 15M trendline to reload long.

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

Looks like Asia is back to being Asia. I'm waiting for an hourly close above the gann to enter long or when price went back down to support again. Last hourly candle did not close above the gann so price may head back down again. I set alerts at ...

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

I don't see any 15M or 1H candle closed below support at 126.50 on my chart. Anyone who trades breakout and enters on a spike or dip below support still have a lot to learn. Even if there are candles closed below support, it could be still be a ...

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

It hit support at 126.50 and bounced. I don't see anything unusual. In this market, just be patient and wait for price to hit strong support then buy or wait for strong resistance and sell. There's really no reason to be selling anywhere near ...

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

This thing is going to 133.50. I'm not sure about 141. Maybe in a few weeks or months but probably not in the next few days.

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

I forgot this IS the last trading day of the month. I think we might break 128.80 and close the monthly candle at 129.xx, which would make for a very nice monthly pinbar. 253 in 5 years anyone?

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

GJ is determined to close this month's candle as a pinbar and nothing is going to stop her. I'm not sure if there are manipulations going on but Sunday will be the last trading day of the month, GJ will try and stay at around 129 level for the close.

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

I think it's just a matter of time before we move higher. The 15M 50ema has been holding very well so if you're short, your target isn't very far. To the upside, 129.30 is a very strong resistance because it's used to be a very strong support. I ...

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

119 anyone? If GJ breaks the trendline, then only the 1H 50ema can hold back the bear. GU has broken the 15M 50ema. Let's see how the next few candles play out. If GU confirmed the break of the 15M 50ema, look out below.

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

128.88 was the high. I think GJ may make one more push up to 129.xx and then we will see the bear fight its way down to 119. I'm short at 118.80 and has a sell limit at 129.25. I'm shorting blindly at 129.25 without waiting for any confirmation. ...

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

This is some really lame price movement. I was on fire beginning of the week but now I have no clue where price is heading. I still think price will "creep up" to 129.30 and then drop like a rock from there.

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

It seems the 4H 50ema is broken as we've a couple of 4H candles closed above 126.30. I think price is consolidating for another move up during London. 129.30 is next target and then probably down from there.

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

127.30 is the 50% fib. Now it gets interesting. Price could reverse here and resume the downtrend to 119 again. I think it will test the 61.8% fib at 129.31 first and then down. 129.31 was also a strong support broken last week which still needs to ...

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

There's a nice trendline here 122.75 and the 50ema. I'm not sure if we will break as it's almost closing on Friday. Maybe weekend gap up will take out the 50ema. Price action. You can either short blindly at the highest point (or close to it) and ...

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

If we get a close above the 1H 50ema, next week should be very bullish for GJ as there are no major news releases for the pounds. This week's mpc meeting and gdp and retail sales report really hammer the pound. I think next week is buy-the-pound ...

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