Look at the RSX, plenty of room to go down, WAYYYYY down.

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

You should be giving me heads up, Okay I'm leaving again, take care.

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

Yes but looking at your indicators, they help distinguish that a down move is likely.

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

I see a test of 127 coming. hopefully that occurs right at 6pm lol.

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

It's so early though, I wish my broker was open so I could cover my GJ shorts. Still see it going lower or is this it.

Daily candle chart

Don't kid about that! Make it a reality lol.

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

Agreeeed! I'm leaving for now though, catch ya later malcolmb

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

Oh man, lucky!! Haha, I think I need to go dissappear until 6pm, I'll be back, keep taking it down pki!! take me to 126. Anyone know if I have a TP in above the open price, will it fill me at my TP or at the opening price. For example, I have a TP ...

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

Looking back in history, I see a few gap downs that never came back up, keeping my fingers crossed here What about the timing of all this, it's only 1:30pm EST, my IBFX doesn't open till 6 lol.

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

Now question is do we continue lower or fill that gap. I vote for lower, but I really do hate gaps.

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

You know what today and tomorrow remind me of. Last year around this time, US markets were closed on Monday, sell offs occurred all Monday in other markets, then Tuesday morning DOW futures were down some ridiculous number and FED cut rates. ...

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

This could happen, although it doesn't necessarily need to gap up, look at Feb 2nd, gap down, and tank. Closed around 130.7 Friday, opened around 130.2, and dropped to 125.30s over the next 20hrs. We got about 17hours to go to see what happens!! ...

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

It would be nice lol, not putting my TP at 120 though

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

So pound weakness all across the board.

Daily candle chart

"Feb. 15 (Bloomberg) -- Group of Seven finance chiefs vowed to tackle a “severe” economic downturn that will persist for most of 2009 without spelling out new steps to do so." No steps to combat the problem? Looks like anyone who went long Friday ...

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

Definitely possible, we're looking alot like mid January, here's what I see. The letters aren't any strategy, it's just to show how similar the pattern is. The E? line may be a little carried away lol. Thoughts? image

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

Well Jeb, looking at the 4hr chart, I see what we're going through now looks very similar to what happened in mid January. Tell me what you think. The letters don't mean anything except to show where they match up. image

Daily GBP/JPY analysis

Actually the chart is looking almost like what happened in mid Jan before the 1500 pip move. Although indicators aren't as crazy as last time, but I'm looking forward to a nice drop!

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

Enjoying your V-day Malcolmb? I'm seeing alot of bearish pound pair charts, which makes me happy, hoping a gap down and tank comes Sunday. Then the question is get out with a few pips or wait and see if it tests new lows. Tell me what you think ...

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

GBP/JPY analysis when you get the chance, although I do see in all your GBP pairs you show bearish patterns. Curious if you see new lows on the horizon or bounces at support.

Daily candle chart