Yes trend is still down on the weekly and daily. This is a retracement. But a "retracement" with GJ is still a very large move. Possible short area at the broken blue daily trendline.

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

Charts can tell you one thing but price action leads the way. The massive bounce from 139.25 should give you clues that it's a major support. Why would you short when there's tons of large buyers entering the market. My basic strategy is buy when I ...

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

Thanks. @Rgitt05 I trade pretty much naked with very few indies. Just a gann line, ema50, and trendlines so not sure if my charts will help much. Much of my analysis comes from just chart watching. I just look at what happened every time a trend ...

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

This post from yesterday right after GJ dropped to 139.25. I'm not trying to impress anyone. Was merely trying to express my opinion if I saw the board generally wrong about the direction and hopefull save some people a few pips. I don't post much ...

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

I already warned everyone about a possible trend reversal and that buying dips is a better option but I guess nobody listened. We are still in fib retracement with the 38.2 at 142.44 just broken. Next are the 50 and 61.8 fibs at 143.44 and 144.43 ...

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

I wonder what the sl is with that short at 141.25.

100 to 1000$ in a day regularly Target

Wow...GJ just gave back almost the entire drop from 142.50. So now up or down guys? My experience tells after a bounce this strong, it usually mean trend reversal. The latest trend reversal occurred after it hit 139.78 last time and went all the way ...

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

When I made the call in May 20, price was at 149 and it went to 162.57 three weeks later. What more do you want? Sure it missed my target by about 250 pips but it did move over 1300 pips. Then I left after that post and hadn't made another analysis. ...

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

I've already stated last week we're going back to 163. I wish I had more money to put down on this call but I give out my analysis so hopefully some of you will jump on it and cash in on this move. It really doesn't take many trades to be ...

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

Does anyone here think we're going back to 163? It seems many still want to go with the trend and short. I've already stated a few months when GJ was still in the 130 (we can say goodbye to 130 or lower) that we're on a longterm uptrend back to 260 ...

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

There are some noobs on here who will scream shorts all the time. If you checked last week's posts when price was around 143, a lot of them were throwing out targets like 139 or "double digit GJ". It's been the same way ever since several months ago ...

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

Why was GreekEagle banned? He's one of the decent traders on this forum. I read his analysis, Malcomlb's and Geffrey's. Did he violate any rules? *sigh*

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

The last 4H candle has closed above the gann. This is very bullish as the the 4H gann has always held during the entire bear run from 150 area down to 143.50. Now that price has closed above it, I expect the bull run to continue up to 148 area to a ...

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

I hope this is the move that will take GJ to 153 for that elusive 1000 pips impulse move I've been waiting for. Still too early to tell but if today's candle closes above 145.55, then it's very possible. Let's see how price reacts at 145.55.

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

I think GJ is gearing up for that big impulse move upward. Let's see if I can catch it entirely this time. GU and UJ are both at strong supports so if both bounces, GJ will flai. I will be watching for the quick dip during London for bear trap and ...

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

Looks like deja vu all over again. Sometimes it's just too easy. A close above 147.60 and we'll see 148.80 again. GJ is rangebound. Trade the range. Don't anticipate a breakout.

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

139 is about 700 pips away from where price is currently. If you think price could get there, why not take a short from here down to that area? Why do you have to wait for 139 to go long?

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

147 is the daily gann and price has had a very difficult time closing below this level. We all saw what happened at 149 when price failed to close above the 4H gann. I think as long as price stays above 147, we'll see 149 again or at least the daily ...

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

Judging by the incredible momentum of this move and seeing how resistances are broken with merely a 5 minute candle, I can see GJ very realistically reaching the daily S2 at 151.90 today possibly S3 at 153.34 but unlikely. Price is currently at the ...

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

I hope you have an exit strategy because GJ could get really beasty during London. If this hourly candle closes above 147.60, then it's very possible GJ might be heading back to the 150s area again. GJ has completed the 38.2 fib retracement at ...

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