I think it's gonna go down to about 132.80 during Asia to make another higher low and then up again. Buy limit at 132.80, tp 133.9, sl 132.

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

I see price falling to this red trendline where I will buy again for another 100 pips move. That seems to be all GJ will at a time these days. Just taking what she gives. Hourly chart has been making higher lows ever since 130.40 so GJ is "creeping ...

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

This pair is ridiculous. Hourly candle closed below 131 and next candle reversed. Now hourly candle close above 133.50 and yet it isn't flying. I'm glad I'm not a breakout trader otherwise I would have been murdered by GJ this week. The fact that GJ ...

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

135 seems like only a matter of time since daily range of GJ is about 300 pips and today's low is at about 132 so 135 is a realistic target for today. Then retrace to 133.60, then up towards 140.

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

I'm still in sell rallies mode. This rally may get to 132.50 where it's a strong sell. Hourly 50ema has held up very strongly throughout this downtrend.

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

This pair is dying a slow death. The highest it could go is up to 132.50 to retest the hourly ema50 again but price is still below the wpp, dpp, hourly ema50 and ema200. Sell all rallies until the large drop comes. Most likely it will come in a ...

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

A daily close below 131 today and all hell will break loose. That would put the top H&S into play. A daily close below 131 would also mean below the daily gann, which is very important. Let's see how these last few hours play out. A daily close ...

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

I guess most experts on this board are short biased. I have a feeling this board could get real quiet again if GJ hit 141.5 by Friday. I'm long here at 138 tp 141.50. I hate money. I make stupid trades.

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

Bounced from the trendline and right back into the range. I guess this is the definition of taking what the market gives. And not pray or hope for a breakout either way. The market will break out when it decides to break out. Until then, scalp the ...

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

Only problem is GJ could go up again to make another high at probably 139.90 or 140 before heading back down again. I don't look at volume but I notice that usually before any major sell off, there's a piece of surprised news that spooks the market. ...

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

Well price is resting right on the LTL right now so if I have to take a trade, it has to be long simply based on the previous 3 times it hit this trendline and bounced. I will wait until after this hourly candle closes, then will take a trade. If ...

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

Point of no return. Either it will bounce up from this trendline here and go back into consolidation (139 area) or break this level and drop like mad.

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

Maybe a daily close above 139.20 will finally get the bull rolling. 139 area is becoming a magnet.

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

This drop smells like a stop chasing move to me if it doesn't continue down. Now the real bull takes over? After all, some big rallies usually begin with a quick drop to take out some stops.

Cable Update (GBPUSD)

This looks like one of those moves that might finally break the 4H ema 50. A lot of momentum and still only in London. US might take it up much higher. Plenty of time left for the bulls to work with.

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

No idea where price is going. It's too volatile due to the uncertainty from the UK election and now analysts are saying the EU bailout might still not be enough in the long run. Price is still well within the weekly channel. I think in the short ...

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

400+ pips bounce from the low. I think buying dips for the next several weeks back up to the daily ema 200 will be easy money again. This move is similar to the one that started the move from 139 to 153 a few months ago. Buy dips from here to daily ...

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

129 is a good area to buy. Remember to buy low and sell high. Wait a few days and see if price can't make a new low or form a support. Then it's a good idea to buy. If this area doesn't hold, then 118 or double digit GJ is possible.

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

I was expecting 129 in a few weeks but not this early. 129 area hit and the buyers entered. Now let's see how this area will hold up tonight or next week. If broken, then possible new all time low. Looks like the UK election has a lot to do with ...

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

I think it will make a lower low at around 129 in a few weeks, then go back up again to the daily ema 200. Price has been confined within the downward sloping channel on the weekly chart. So I guess short now to 129 then buy at 129 up to the daily ...

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