Speculation? I hate it when Bloomberg do this. Whenever they don't understand a move, they find a curve-fit explanation from somewhere. If the info was that good, they should link the source. We've seen this fall because the technicals are playing ...

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

We should see some support at 142 ish. The second level of bearish divergence at 142.7 has now played out too. Next one os below 141. Then let's see what London brings. We might see some consolidation/sideways movement for much of that session I ...

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

WPP — Weekly PP sits at 142.92. Could be very important psychologically if price falls and stays below. Will have broken weekly open price and the current area of interest. (from last Friday's US session).

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

I agree. We bounced pretty hard and quickly off 141 last week and a quick trip back there is what i'm seeing. I have a feeling Asia could see a pretty sharp sell-off tonight. (just a feeling, not a trade). Let's see.

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

Last one... — But ultimately, I'm looking for PA to revisit <141... image EDIT: Weekend gap now closed to the pip. AND GCh has also tested the week's low.

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

Now, if we do decide to head lower to play out some other divergences, this chart represents next target for me. image

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

Testing.... — FF locking up for anyone else? Tried to post the following 4 times now.... 15m bearish divergence from the weekend gap has now played out. Some indecision now before PA makes it's nest move. image

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

laughable — Seems like the bots are in buy mode.

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

bugging me.... — OK, been thinking this weekend about where we go from here. Friday's PA really threw a curveball into the mix and any weak shorts will be sweating now. I'm looking at it like this: Last week's downmoves before the rally from ...

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

News hasn't spooked the Euro though. hmmmm.

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

well..... — .....If the rumour of GS buying Sterling this morning were true, one of two things gunna happen: This retrace will be short lived and we'll test the weekly high today. There is a pump and dump going on with the first target at ...

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

Just for info, GS apparently have sell orders sitting at 134.2. According to forexlive.com

Geppyg Charts Only

It's certainly possible. Am looking for a test of the 142.4 region before deciding if we continue north or not. I'm still thinking we have unfinished business at 140.9, but we may not see further significant falls now before next week. I am a firm ...

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

Well.... — ....this rapid move up has already created bearish divergence on the 30m TF. If we are to see a breakout above 145, this divergence needs to play out first IMO. (142.40 ish). Whatever direction we take, this zone needs to be tested ...

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

141 — The bounce at 141 was the most obvious trade of the day to be honest. 50% fibo from 118-163 upmove. 4hr bearish divergence target. Historical area of both support AND resistance. If it didn't bounce there, I would have been amazed. The ...

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

on forexlive — Talk of a big German bank buying UY.

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

Closed long — Closed this long now. Not getting greedy.

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

yes — Yep, agreed. UY and AY look set to fall through the floor while Sterling is currently holding up. Incidently, GCh still hasn't closed the weekend gap. Something significant is building IMO and it looks like Sterling weakness.

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

Long — Just taken another long @ 141.47. Bit late, but targeting just above 142... Let's see.

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

Let's see... — Yea, I agree we have some bullish divergence on the 4hr AND we are now pretty heavily oversold. The target I can see for this divergence though is not particularly high; around 142.2. I would favour some consolidation and ping ...

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