159.4 looks like tough resistance. not sure it can get to 160. We shall see

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

The calm before the storm......

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

with 8 hrs left in my charts trading day and half of that is the beginning of Asia, if it manages to close below 156.84 (which doesnt seem too toughl at this moment) the bullish appearance begins to go away. Although we did have a new high along the ...

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

ya know maybe with G/U and U/Y up against TL's, and the presence of convergence of a resistance line and trend line, we may be topped out. We'll see what happens in Asia, but sure looks like selling up ahead maybe into the 156 zone.

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

Malcolmb, youre right on with your linked post here. And since you are the volume guru in here.....the decreasing volume on your chart. Could that also be simply thinner summer markets. Or am I off base on that? And thanks for all your insight in ...

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

In principal I agree, but how many diferent setups have been blown out of the water of late as well. As illogical as the talking heads are out there so too is G/Y. I think much more than usual. IMHO

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

if the auctions today go worse than expected like yesterday and the markets still dont react then I think that'll be the last straw as to whether or not maniplulation is going on somewhere........ Like from the Goldman Sachs - General Electric White ...

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

a pause... U/J is up against good resistance G/U is up against an UTL How much of a pause? Could ut turn here. Wouldnt think so but.... Nothing is as its seems anymore. Meanwhile the NY markets are very strong as investors are being fooled by media ...

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

This one is still in play but has more room to move to hit the TL @ 158.75 +/-

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

Thanks for the input Scotty. Clear and concise. After all the formations of H&S, Fibs and other setups we seen that havent ultimately played out, it sure seems that this is the most likely, but we shall see. As you said it really wants to drop bad. ...

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

25 mins to close of 4hr — have a look at the candles forming on all three of these. Signs of whats to come?

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

As has been stated above, S&P lower G/Y higher, disconnected. Looks like its testing a few Fibs and doing its own retrace at the moment. We'll see what it looks like in a couple of hours at the 4 hr close. Frustrating but thats G/Y

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

not before they take some profit off the table. Overbought right now. pullback over the next week or so

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

Throwing my hat in the ring here... Still thinking bearish but it'll take some momentum perhaps to get there. Certainly testing the LTL resistance Support 1. Weekly Pivot - 155.09 - dont think its a big deal but its right about the same as the 4hr ...

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

Ouch, hope you got out of that one without too much damage

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

Agree we will see some ranging as G/U slowly turns over and U/Y bounces up a bit, but I believe this will become a turing point ultimately although I could be wrong. The rest of the week will tell the story. (The S&P is also indicating a negative ...

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

OK, so we have a close below the 4hr Gann and slightly below a long term Fib. This was brought down primarily by a drop in U/Y with some weakness from the G/U as well, but G/U is showing a huge bearish divergence on the 4hr MACD as well. I think ...

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

1hr QQE is crossed up and above the 50 30min QQE is crossed down , above the 50 15 min QQE is crossed down and at the 50 also if you look at the G/U there's a bull flag on the 15min which could take us to the UTL at 1.6550 +/- small down move but ...

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

Indeed. Need to see some good confirmation before jumping in. May go in small to test on the next jump up.

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

PA is still indicating a possible double top. My question would be, if this is infact a double top, what would be the likely target? Any thoughts?

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