Small long @ 138.69....

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

Bad data from the US in the last hour. Profit warnings and Walmart announced forecast was higher than actual. That's my best guess anyway.

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

Hmmmm, i'm not sure what this will do now. Bad job data expected from US in next 15 mins which could drag Geppy down and once it starts to fall.....

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

I'm short again, small position to start....

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

No longs 'til after BoE report I think. The big boys are shaking out the weak longs ready to buy again. 137.30 should be reasonable support. I don't actually think we'll see GY below 130 for quite a while. Famous last words probably.....

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

Let's just say the following: BoE cut rates by 1%. OR BoE cut rates by 0.5%. OR BoE leave unchanged. What exactly would you expect to happen for each scenario? There's more chance of further Sterling strength if the BoE cut heavily. To be married to ...

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

The love of money drives all markets. Any rationale we may come to in our pursuit of knowledge is designed to confuse us not enlighten us. Big institutions are there to make money whatever the market conditions are. News releases are merely a tool ...

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

Everything you say is true, however so is the fact that Japan's exports have dried up, they are already at zero pretty much and their manufacturing is contracting very quickly. Add that to the fact that any so called consumer led stimulus may not ...

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

***obtained on WHC platform for free*** OK, gunna show my ignorance here, but Googling WHC did not bring up any answers. What is this?

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

I can't emphasise this strongly enough; If you're pinning your hopes of a fall on the BoE decision tomorrow, it's a recipe for disaster. You may win, but there's as much chance of losing as well. Flip a coin for direction after this release, 'cos ...

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

Funny you should say short, i've just placed a very small position expecting the 141 to be broken, (temporarily), to the downside. Update: Closed for +17.

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

Closed longs now @ 141.50. Now waiting for further upside confirmation.....

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

Ooh Pandora. Well spotted. RSI already in oversold levels and Stoc now crossing......

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

Markets are down, but Sterling carry still climbs. If there is a Dow rally later today, this thing could go beyond 143. Forget overbought, this thing has been oversold, (at various times), for months. IMO 141 will at least be tested today, so go ...

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

Wow. That sounds great. Would save a lot of time scouring each timeframe.

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

Small long @ 138.02...

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

Good luck. Still long bias here but that may be partly due to me having a long trade from 141... May have to hedge this down if the smart money starts to dump.

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

Okey dokey, but do not come running to me if GBP gains after the BoE decision. Good luck with your trades.

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

I'm not sure i'm being clear enough. While the Fed were busy cutting rates and Eurozone did nothing, the Dollar gained massively against it. That flies in the face of conventional market wisdom.

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

No, it didn't. Look at the EU and GU charts. EU fell from 160 to 124 over the period of Fed cuts while Eurozone stalled. Similarly GU fell from over 2 to 143 while the UK cut much less aggressively. I'm not saying I know for certain, just saying ...

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