Hmmm — Increased volumes off today's low do signify some quite substantial buying. This may be in the form of orders or simply some large players scalping a retrace, but 2740 does appear to be important. I can also see the bullish divergence ...

EURUSD

1.28 — 1.28 represents a great place to open more shorts IMO. Longer term TFs signify more downside, so why fight it? DX has unfinished business at 85.4 and bounced nicely off the Daily 200 ema too. I expect to see some more Dollar strength in ...

EURUSD

Daily charts — We still have unfinished business at 1.24, so longs beware. (GU to 1.48 too). The last push up to 1.29 was a trap IMO. Selling all rallies here. Also, worth keeping a wee eye on this..... image

EURUSD

131.5 — Still unfinished business at 131.5. Here's my prediction: Low volume trade until NFP. NFP figure not terrible, not good either, but in line with a very slow recovery. Bloomberg not sure what to say. Initial sell-off testing last low. ...

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

Interesting few days ahead — Some great looking opportunities ahead according to my charts. Need to be brave though.

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

BoJ getting punished. Sterling being sold for end of month stuff. Dollar moves muted. There is little chance of any upside today now.

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

staying long — Gunna stay long for the moment. In fact, just added a second small long position here. (130.12). S/L just below last low. It seems obvious yes, but volumes have remained steady all session, so I think buyers are stopping a break ...

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

I was happy to take you seriously until you mentioned God. ....anyway... Just out of interest, will you come back after your sleep if GY rises? Serious question; you may be correct in your prediction, but you may be wrong. Will you come back here if ...

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

Not sure longer term, will rethink if/when we get to 132.

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

long — Great opportunity to long here. Target 131.5.

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

wrong.

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

Naatha — Your 3rd chart volume is inconclusive IMO. The reason for the second vol spike may simply be as a result of news. Buyers and sellers scalping the range. It's been a very quiet day as lots of traders have been anticipating US GDP and ...

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

Cable — I would post this in the Cable thread, but there's too much noise over there. This is well worth a read of the comments. url Just be ready, that's all.

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

Good luck, but don't get caught. PM Kan speaking imminently about the strong Yen. Indications are that this time he'll say something more than 'we don't like a strong Yen' Japanese exporters shares have all rallied strongly into the Tokyo close. ...

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

Helicopter Ben, divergence etc — Today is absolutely not a day to bet the farm on longs. 1hr bearish divergence with overbought condition, initial play out area of between 130 and 130.5, Bernanke speaking later. All points to a sell-off later ...

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

As Scrat said, there's no point being precious. Just ignore what you don't want to read. Am liking the analysis here again. Nice to see Pipchick's excellent clear charts too. Sure it would be great to see Piters more and Quecee make a guest ...

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

However brief, it's always good to see ya.

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

K.I.S.S — I was going to welcome Gucc back, but then he goes off on another one of his diatribes.... oh well. As for trading, GY has now retraced the entire news driven moves of this week. Fundamentals? You can keep 'em. As Raza said, 1hr ...

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

It isn't just helpful, it's vital. Dollar holding up very well considering. Someone is buying it.

Cable Update (GBPUSD)

Stop guessing. It will get you killed.

Cable Update (GBPUSD)