Yen dependent — Sounds like the obvious thing to say considering this thread is focussed on GY, but no one should be under any illusions here. Dollar is strong and this is driving the other Yen pairs up. The million dollar question is just how ...

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

ohh er — And as of this moment, Sterling is the weakest of all the majors.

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

Yep — Exactly correct. Sterling has not been strong today. In fact, the only major which has been weaker is the Yen. In order for GY to go significantly higher, Yen must weaken considerably more.

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

Careful Longs — Take a quick look at GU. Sterling is weak. GY is being dragged up by UY. Longs very risky IMO considering how close GU is to support. Just a heads up guys.

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

Honestly... — That horizontal line would not represent huge support to me. It's an interesting PA area, not anything more IMO. Put it this way; if we break through it, would you then consider it huge resistance? Not saying you're wrong, not at ...

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

Are you crazy?! I have no crystal ball, but taking longs here is as risky as it gets IMO.

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

lol — I hope everyone didn't start their break early? Low liquidity + patience = opportunities. I'll be working on Xmas eve 'til they shut the servers off.

Cable Update (GBPUSD)

Not Mal but..... — Looks like a simple case of sellers stepping aside temporarily. Since high volume drop this morning, the price has been rising on reducing volume and there does not appear to have been any significant buyers coming in. ...

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

Retracements — Well, GY retraced 100% of this morning's news related move. GU looks set to do the same. I am starting to build small short positions and will add bigger if we get to 6230. Am flat on GY as Dollar strength might cause sideways ...

Cable Update (GBPUSD)

All good — Been doing OK. Have a few short danglers just above major support, but hedged them to the upside. Built some GU shorts which i've now closed. (too early I think). GU and EU look so short. Almost too good to be true.

Grashid -GBPNZD and GBPAUD (Any GBP pair also welcome)

hey ya — Hey man, i thought you were done until after Christmas? Hope you made some great pips.

Grashid -GBPNZD and GBPAUD (Any GBP pair also welcome)

A note..... — .....of caution. 90% of the time, sudden sharp moves triggered by news are completely retraced. Ordinarily, I would start building small longs from here, but not during low liquidity. I did build some shorts on GU which I closed ...

Cable Update (GBPUSD)

Hey man. — That's what they want you to think. Too early for Christmas holidays just yet. The volumes on GY today don't look extraordinarily light yet, so I wouldn't be surprised to see a few twists and turns before the week is out.

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

Liquidity — You mean low liquidity. I would say by the beginning of next week you should be seeing an even thinner market.

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

Yep — Yep, well spotted mate. Also CCI30 line crossing +100 line to the downside on the 1hr TF. We could be in for a wee shake-out of longs here.

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

Out — Closed all GY longs. Will re-enter if we get a significant dip.

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

Jim Rogers — Jim Rogers exclusive on Bloomies. He's buying Dollars. Last time he gave a call like this, (sell Sterling), Sterling/Yen fell 1200 pips in less than a week.

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

Dips — Looks like the dip is being bought at the moment, but let's see where the current 15m candle ends.

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

cool —

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

If we get down to that level, then we're back in no-mans land. There should be an old resistance turned support level at 144.16. We tested it already this morning and bounced, so bullish scenario looks more likely to me..... with some chop chop to ...

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