With ya. Bullish divergence on the Daily now played-out at 133. Short GY @ 132.97. Stop not too far away......

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

liquidity — Liquidity will be lower into the weekend, so any direction bias is likely to hold. Let's see what London wants to do....

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

Hmmm — OK then. Of course it's obvious, it's after the event. The point I was making was that you were not sure at all where GY was going. Your previous posts confirm this. We can all brag about the calls we make. Here's one I made ...

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

PS. You posted a few dozen times constantly asking what everyone else was doing. You're no Nostradamus, sorry. Can you bump your 145 call please?

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

That's a really tenuous bear flag IMO. Just for balance purposes, I have the same chart but with different lines. image It's still in range, but a pop above resistance looks more likely than a fall. Maybe a bounce from the 50ema, (yellow line).

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

I couldn't tell you tbh. I don't trade them.

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

Yep. Already a few hundred off the low.

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

Dow — Maybe this bounce is not such a surprise when you look at Dow. Some reasonably strong support at 9800 and the 10000 level won't be given up so easily. The Japanese crosses will reflect that.

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

YM — OK, considering how closely the Japanese crosses have mirrorred moves in the indices lately, this chart is relevant to the thread I think. YM Weekly, showing the bearish divergence which built up over the last few months and the start of ...

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

Right now, at this moment, what would the UK gain from joining the Euro? Why would any UK politician push for the UK to join? With the UK's £170B debt, why would the Euro-zone want the UK to join? I wouldn't argue that some UK politicians would have ...

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

No I didn't. I said there is no chance of the UK joining the Eurozone anytime soon. I was replying to the previous post which stated the UK will join the Euro. I said 'zone' which may have confused things for those who don't understand. Most people ...

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

I was answering thie previous post and talking about the Euro not the EU.

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

Who is this 'they'? There is more than one way to look at this: There is absolutely no way the UK will join the Euro anytime soon. In fact, there is a very good chance the Euro will fold before that happens. Think about it; would any UK politician ...

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

I wouldn't normally do this — ....but the 4hr is now screaming bullish. After the next pullback is a great place for a medium term long IMO. image Daily bullish divergenmce has a play-out area of around 133, so first stop is there. Unless of ...

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

joke — Hands up all those who thought this would happen? What's that smell.?

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

how do you know? — Not according to this guy. url

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

You think...? — The BoJ has been probably the most active currency manipulator over the last 5 years. Sometimes they admit it, sometimes they don't. The reason they've been quiet since 2004 is because Yen was depreciating. This has for as long ...

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

OK then — G/L

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

Hmmm — Geppy - You're showing your age with these little picky arguments you're having. Ego can kill you in this game.

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

Wait for the option expiry and watch Sterling climb IMO. Euro has been very strongly defended and Sterling has found buyers at support.

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