long closed — Closed long @ 130.5. Looks like a higher volume buying climax on lower TFs. Will re-buy with a tight S/L if we break higher.

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

agree — Yep, I agree. It's certainly not bullish right now, but a retrace to 131.5 would equate to a 100% retrace of yesterday's move. Then some chop chop. I have a very small long which I will stop trail if we get above 131.

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

Weak Dollar? Nope — I can't post a chart right now so you'll have to take my word for it, but despite all the talk of Dollar getting crushed, the DX looks set to finish the day pretty much where it started. Today has been all about Yen and ...

Cable Update (GBPUSD)

not naive at all — Please don't feel bad. Their adverts are very tempting. If you are able to make money using a SB company, then I will stand corrected. Using a dedicated broker is the preferred route with most serious traders. I use Oanda. ...

Cable Update (GBPUSD)

I was teasing you man.

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

Spreadbet trading is truly a zero sum game. They are glorified bookies and will always reserve the right to shut you down if you are too profitable. I will set anyone a challenge....: Find me ONE trader who trades full time for a living using a ...

Cable Update (GBPUSD)

Ooh, look at me. I'm friends with Pipchick. Would be different if she was called Nigel from New Jersey.

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

Great trading Pip Chick.

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

There was a hefty amount of buying Yen crosses on the last dip. It's not necessarily guaranteed at this stage, but there has been some significant long positioning at 130.5 and 129.5. There will be selling pressure during early NY, but i'm cautious ...

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

Yep — Even the smallest amount of intervention will have shorts covering in massive numbers. It's in the deed, not the word. Once the BoJ start actually doing something, there's no need to call their bluff any longer. Can't be far away IMO, ...

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

My take — OK, just throwing these out there....: GU to 148 EU to 124 Gold to $1006 (Just noticed a possible H&S on the Daily TF?) UJ back to 88 UCh to 1.10 GJ relatively flat from here, will be dragged up by UJ BoJ WILL intervene soon, ...

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

exactly — Yep, a brief rally before he spoke in antisipation of action, then the sharp fall after he did not mention intervention.

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

Noda already spoke 45 mins ago.

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

BoJ rumours — Rumours the BoJ are actively checking rates. Not the worst r/r long right now I think. All GY shorts closed.

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

actually, no — Not really, happy coincidence though. I've been looking at the bearish divergence which has a play out area of just below 148. I was banging on about this area when GU was hitting 160. Makes you doubt yourself that's for sure, ...

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

Thanks.

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

Hi Raza — Is there a reasonable EW scenario where GU could reach 148? I'm seeing GU below 148 and EU at 124.

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

starting..... — .....here's how my simple mind will be playing this today: Asia has given us momentum to the downside with moves we do not normally see during the session. THE REST OF THE WORLD HASN'T WOKEN UP YET. We have not had a selling ...

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

Yep — EU may hold the key for Sterling and Dollar moves over the next few sessions. It looks to me like we're in a downtrend now and any bounce is just that; a bounce. EU is bobbling along on it's arse and whilst i'm not ruling out a rally of ...

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

Careful — Be watchful of a trap here. A Liberal majority could be seen as strong for the Aussie, not weak. One of their election proposals was to abolish a mining tax. Info..... www.forexlive.com

AUD/USD