my view is somewhat mixed: if there will not be a drop within next couple of hours then we might expect test of 142.2/142.5 and from there might be short opt;

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

it looks like 5 wave structure is accomplished on 5min TF with 141.6 as per top, not sure about 138.5 but some downward action should be available now. also it is very important how geppy will be closed after NY on daily

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

you can get funds easily from the bank, the bankers have plenty of easy money now

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

actually my bias is switched into bearish from today. let's see how geppy will play out

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

I don't see triangle yet until after 3rd drop the up move toward your R line will confirm that pattern

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

Quarterly chart looks like ending diagonal which means that geppy may revisit 120 at some point of time this year Piters, what's your idea about it?

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

agreed, its pretty close to first target 145 today its really getting VERY interesting what will be tomorrow

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

4h — H4: 13SMA (yellow) is over 50 SMA (blue) and 200 SMA (red) which reads as trend is up two consequent targets: 145.5 and 149 before resuming down trend that is why I'm biased for long

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

make it simple: DAILY Red- 200SMA; Blue- 50SMA Yellow- 13SMA now it looks like geppy is posed for up move to the UTL of the blue challel that is why 145 is probable target until otherwise is proven on daily JMO

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

145 — agree, 145 could be a target this week

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

H1, H4 and D1 — H1 - 50SMA (light blue) is at crossing point with 200SMA (red) H4 - stoch is at turning point (cycle mature?) D1 - GJ respects 200SMA (red)

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

thx

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

please quote ratio on GU from FXCM

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

if the count is correct then 142.75 is 0.618 retrace from 3rd wave in wave 3 from 143.8

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

if this wave is the beginning of 5th wave on daily counting top from 153 then from second half of this month we might expect selling toward 127, which means that our target 138/9 is just a short stop in long travel to south

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

completely agree with Q analysis and expect acceleration toward 138 area this week

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

144? — on weekly 144 IS POSSIBLE and STILL down trend will be valid

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

agree, 138 is a critical level and still 142 could be seen too; the only problem that if 139.5 is taken then down trend will become under question

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

agree but my view that the limit is 138. Geppy is testing the LTL of broken bearish flag

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

that is why I'm guessing because tech analysis gives a mixed picture now and still I'm bearishly biased until otherwise proved

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