I think if RSI can pop it's head into o/b territory on the 1hr TF..... Chart image

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

Sounds great. If you want to borrow any templates for additional analysis, let me know.

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

HEY!!!!! — Hey. Long time no see here. I still use your Volume Analyser all the time.

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

Hey Q — Yea, it's a bit touch and go right now. I am expecting an equity rally to re-test the recent highs sometime over the next 6-8 sessions, so long opportunities may present themselves. BUT, for now, I'd rather stay out, (or even look for ...

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

Now looking for a long opp....

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

Hmmm — Careful longs. Just the merest hint of Distribution of Sterling at these levels. AY and UY largely flat, so GY rises may be pegged back. Would be good opportunity to buy dips depending on what ES is doing.

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

Gold has been due a pullback for a while and when it does come, it will be substantial I think. (900 region) GU looks to be getting Accumulated to me, but even if it's not and it falls further, r/r says a buying opp is present. UY will follow ES ...

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

we'll see — We'll soon know of course, but what do you think will happen to GY, AY, UY etc if the S&P, Dow and ES break their last highs? We'll know soon enough if this pullback is a serious one, but looking at ES volumes, the bounce from the ...

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

Hmmmm — Very very very risky to short now. Look at ES. Testing the highs now. If we get a high vol push through, the Yen pairs will sail.

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

GU — Hey man. GU for this trade. Looking to see test of downside breakout at 153 ish.. GY have a couple of short danglers sitting near support, doh! But am adding small longs as she's been falling. How are you doing? Gold looks bearish ...

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

GU Long — Just entered a first GU long order at 149.19. Will add every 100 pips in either direction. First target 153.3

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

Wrong — Cut my last short. PA starting to look V bullish for all Yen pairs. -32

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

No one cares. Post analysis, not brags. Edit: Just went short. Very very risky. 134.23.

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

Careful — Could get a dip down to 133.5 before we start to climb again. I'll be adding another small long there.

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

lol — Yea, maybe. To be honest, for Sterling kaboom to happen, the other Yen pairs need to get on board, so further downside may be limited. Certainly looks bearish to me though. We'll soon know.

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

OK — Seems a lot of traders who were long from 134 ish are now cutting them. Would explain the move slowing down. Once they liquidate, a further dip could be quite quick. Holding short with stop now at b/e+1. Let's see... Edit: Closed short ...

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

History repeats itself....? — ....let's see..... image Edit: Moved my GY short order to 134.58. Risky and will cut quick if it fails....

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

Hmmmm — I do stop and think whenever my own analysis is not in agrement with yours and like I said through the day, I have been adding small longs for the next leg up. I just think it's a bit too early though to have a long bias yet. The move ...

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

Yea, I wouldn't discount a rally from here, but 138 looks a bit strong to me. I would be looking at somewhere in the region of 136.

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

hmmmm — Not so fast. The 4hr looks like it still has something to say. I have a sell order at 134.35. Think another dip down is still in play. We'll see.....

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