well... — Funnily enough, now is a pretty good price to start building small long term longs. We're a gnats whisker away now. One more push down so AY and UY reach Friday's break-out levels and longs are a good R/R.

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

132 — No sorry, I meant the previous low at 132.

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

Significant Level — We're at a pretty significant level right now, so I would expect some 'battling' It's worth noting that neither Aussie or Dollar have tested their own breakout levels. If they do decide to join this party, GY will likely ...

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

Well..... — ...not sure what London will bring us, but still don't see too many reasons for longer term longs yet. But, I have a long scalp sitting at 135.02. I'll probably move it with the PA if we fall a bit further. Only a sclalp mind. ...

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

yes — It's what i'm seeing too. Longs not in play yet IMO and a test of last week's lows looks a distinct possibility. I've posted various reasons on the GY thread.

Daily candle chart

Slightly off topic.... — .....but not really... Has anyone else been looking at the COT reports for Sterling? As of 5th March, large traders were net short to the tune of -67k. Ordinarily, I don't pay too much heed to COT reports as they are 4 ...

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

4hr Charts.... — Here's how it looks to me right now. Until we break the last high, I won't consider a long bias. Saying that, I am accumulating very small GY longs as price has fallen. BUT, these 2 4hr charts tell me the probability of more ...

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

Shame you don't have the margin to hold. Put it this way, fast moves like the NFP one last week are usually retraced 100% AND even if this one isn't, the breakout level is usually tested again. (134.8) min. I'm still short bias tbh, but can hedge if ...

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

GY — Here's what I see for the coming few sessions..... chart image

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

Cranky gits here today. lol — One man's manipulation is another man's intervention. Definition is all it is.

Cable Update (GBPUSD)

Well.... — Normally I would agree, but volumes this week have been considerably lighter than last. We do have a base just below 133 and the PA doesn't lie. Neither though does the volume. I sometimes use your Market Profiler in conjunction ...

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

7 people invisible.

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

Well — Congrats to all longs, but there is bugger-all volume in this upmove. This means one of 2 things: 1, Big dogs offloaded their shorts last week and went long at higher prices as GY fell. OR 2, Big dogs exited their shorts last week and ...

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

OK — Yea, have read from more than one source of expectations of dollar Yen at 87.xx.

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

A buyer of Yen?

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

Yea, this was first reported last weekend. Was cited as one of the reasons for Sterling's fall on Monday.

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

hmmm — No opinion either way to be honest, but it's worth remembering that sudden news related moves are retraced to pre news levels most of the time. Also, still not particularly high volume even for NFP. Not sure the big dogs are buying this ...

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

It's a Dollar positive piece of news.

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

Volume — Quite important to me. 30m chart showing volumes through the day today. First blue rectangle shows increased volume at European open. This volume was not excessive though and it also occurred at support. Later in the day volume ...

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

UY — Need to wait for UY to move lower before Sterling and Aussie can jump on the train.

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