Looks like the lower trendline at 142 is holding for now. I'm taking a long here at 142.60 targeting 144.50, SL 141.60. It should get there by Friday.

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

The previous two months end in smooth rallies for the bull but this month it ran into the daily ema 200 and have much difficulty. I'm not expecting it to break either. It will break one day but that day will be when the big money decides to push it ...

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

Tonite we dine in PIPS This is as easy as it gets. I'd say 139.50 by US close tomorrow. Who wants to get rich! Too easy!!

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

It's rare to see GJ move 300+ pips in a single day like this. It doesn't happen very often. I was expecting a retracement to 144 first before this move down so obviously I missed the boat. There's still plenty of pips left to be made as my last ...

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

Looks like daily will close very bearish. But then again everything looks bearish after a few hundred pips drop. I expect retracement to 144 at least maybe not 144.50. Then the next leg down should resume. Ultimate target is still 139.50, which I ...

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

All out at 143.20 for 230 pips. SWEET!!!!! Too easy!! Now waiting for retracement to 144.50 for possible short reload.

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

When I say long, the market will fly. When I say short, the market will tank. I think the real bear will come during Asia. Again if you are long here, you are buying into a very strong resistance, the weekly ema 50. Price has been trading below this ...

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

Sometimes the best analysis are the ones without chart. Maybe some people trade naked so they don't need chart. But I agree with him (and most on this board) that a huge drop is coming. I loaded shorts at 145.50 with SL at 148 targeting 139.50. If ...

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

This is looking like a very very nice short setup if price does not go higher than 145.03. As long as this high isn't breached, then the extreme resistance daily ema 200 still holds. If it can't go up, then there's only one other way to go. Previous ...

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

Shorting any yen crosses when UJ is flying isn't a very good idea. If you see pound weakness, then it's better to short Gbp/Usd. If this hourly candle closes below 144 for Gbp/Jpy, then short might make sense but I still wouldn't risk it. Gbp/Jpy is ...

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

This is setting up to be a breakout north after retail sales. Daily ema 200 at 144 area has a very strong resistance which has held for a few weeks now. I'm expecting an eventual break upward towards the end of the month. If not today then maybe ...

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

Don't short down here guys. GJ is gonna hit 149 and 164 next month and the months after. 135.50 is looking like the bottom. The spike to 131.99 on March 1st was the "higher low" on the monthly chart (previous low at 118.81). We should be heading ...

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

There's 138. That was an easy 200 pip trade after the daily candle closed above the gann. Now price will probably consolidate the rest of the day. 138.5 is monthly pivot which should be a very strong resistance. I'm looking to sell rallies next week ...

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

I think if price doesn't get above 136 (daily gann), then it could test 134.60, which is the LTL. But if price gets above 136 in the next hour and stays above it, then we could have daily close above the gann, which could bring 138.20 into play. ...

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

Daily gann at 136.90. Good place for tp. I think price might spike up to 137.20 (daily R3) and that should be the high for today.

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

I was expecting GJ to retest broken support at 139.11 first before next move down. Broken support/resistance are almost always needed to be retested. I think we may see at least 137.80 before the next move down.

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

Uh oh could be news spike...All the noobs are gonna get caught shorting at 134.80 Still too early to tell but I wouldn't short or hold on to short down here.

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

More like consolidation. There's just way too much selling pressure for any decent movement. I have a sell limit waiting at 141. Hopefully it can get there in the next few hours. Otherwise I might have to settle for 140.

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

I already bailed on my long at 140.80 before the NFP. If price retests 141, it's a great level to close your longs and reverse with short. You'll actually turn losing trades into winning ones. Anyways, if you still hold onto longs, it's a good idea ...

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

Closed long @ 140.80. There's a good chance 140 will be broken today based on the price action.

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