Bounce — OK, we had a nice bounce, but history tells me we will have to at least re-test the LTL again. I would be booking some profit if I were long. AND, we are still inside the April channel low of 139.

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

Big Day — OK, the day is here and it will have escaped no one's attention that Sterling,(along with other currencies), has been getting killed this past 2 days. Bookies still favour a hung parliament and they are rarely wrong which may partly ...

UK Election Countdown.....

question of the day..... — ..... Are these moves down early positioning for a hung parliament/indifferent NFP number? OR creating some mild panic so the informed money can buy cheaper tomorrow? This looks suspiciously trappish to me, it's not ...

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

Calls lol — ....will always come and bite you. lol You also said long at 141.65. Could get a bounce somewhere here, but it's not guaranteed. Good luck.

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

Hmmmm — LTL of the Daily triangle sits at 140.25 ish and the April low is around 139. Let's see if the big playerz want to push this through today. Looks likely at the moment. Indis mean nothing right now.

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

Supplimentary info on Sterling — From forexlive. url The Prudential takeover of AIG’s Asian business could also be in jeopardy. If it falls through it could lead to a lot of cable buying as there have been hedges placed already according to ...

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

Too excited I think... — We're still in the Daily triangle and have not broken out of April's range yet (139-145.8). Current breakout of the triangle low - 140 ish. Current breakout of the triangle high - 145.7 ish. I'm betting we stay inside ...

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

OK — Thanks for posting. Timescale is everything. The piece you posted has a 3 month timescale. My own thoughts have a timescale far shorter. (Maybe a week or so). I'll be looking for a trade, not a long term position.

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

ADP Data today...... I'd say a breakout South was more likely than North, but we'l see.

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

For Eulogy — url Fairly hefty i'd say....

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

Positioning — is all we're seeing. Nothing more, nothing less. A gentle decline today through 142 and Asia and London tomorrow big boys looking to buy I think.

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

According to forexlive, SNB have been active for 3 days now. May also prove folly. url

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

Different coalition — Not necessarily. The coalition they speak of involves the Ulster Unionists. The idea is that Cameron may not have to work with Labour or the Lib Dems should he be within touching distance of an overall majority and that ...

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

woah..! — I didn't say in a day, I said in the few days/week afterwards. I think you're correct in saying the big boys have been positioning, but I haven't seen so much of it with Sterling. (there has been some considerable positioning ...

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

Different take..... — It's not about figures though is it, it's about perception. Perception is the new reality, especially where markets are concerned. The market wants the UK to start paying the debt, Cameron is the only candidate who has ...

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

Paddy Power — The Irish/UK bookmaker has announced it will pay out early on all bets of a Cameron win. Read absolutely nothing into this news, it's an interesting little sideshow that's all. Paddy Power are infamous for pulling these kinds of ...

UK Election Countdown.....

OK, here's my take, (and a good many market commentators): UK is £180 Billion in debt, Cameron has promised to cut £6B immediately if he wins. Brown has promised to keep the economy pumped-up for another 18 months. Markets seem to prefer the cut ...

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

Something to consider — We avoid the UK election this week at our peril. A result which has so far been impossible to predict will send Sterling into hyperdrive on Friday. We've been ranging and this means one thing only IMO; we're waiting for ...

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

Interesting.... — I mentioned in the Aus thread that I was beginning to feel the momentum increasing for Cameron and lo and behold an hour or so later the latest poll from Reuters states that Cameron could be heading for an overall majority. ...

UK Election Countdown.....

This week — UK Elections US Job Report Double whammy on Friday for these 2 events. I'm just starting to have an inkling that momentum is shifting to Cameron and the Conservatives. I've heard all the rhetoric about hung parliaments, but it ...

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