If an hourly candle closed above 147.60, then the pros are taking money from all the shorters in here. If price rejects 147.60, then shorts might still be good. Otherwise, tight stops are your friends. GJ has hit the 38.2 fib so it is very possible ...

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

I'm looking at 148.80 area to re-short there with stop above the daily pivot.

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

I'm trying to find out if there's any news to support this move. This is what I got on bloomberg. Maybe it's the culprit. url

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

I don't use the 100ema only 50ema and 200ema and currently price is below the 50ema but right above the 200ema. Hourly 200ema is the same as 4H 50ema and this is another significant support. The sooner it breaks through support the better. I'd like ...

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

This is a good place to tp. I'm out at 147.90. Let's how price reacts down here in the next few hours.

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

Yup. GU hit the top of the 4H channel and she bounces just like that. Sometimes all I need are a couple of trendlines drawn on the chart to see exactly where price is heading.

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

GU and UJ are finally moving in the same direction. I think a confirmation of a range breakout would be an hourly close below 147.60. Price is currently below the 4H gann (149) but there's still 1 and a half hours to go until the 4H close. If the ...

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

I'm short biased as well. GU looks like it could be on its way down big time as it has reached the top of the 4H channel. We could see some choppy trading like in the past weeks but it looks like direction is down. I, too, have been waiting for the ...

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

Nice chart. I think as long as GU doesn't close higher than 1.53, then 1.47 is very possible in 1-2 weeks based on this 4H channel. It may get very choppy on the way down but 1.47 is a realistic target.

Cable Update (GBPUSD)

Current hourly candle is trying to close above the gann. If that's the case, then we'll definitely see 150 again. I think consolidation between 148.80 and 149.80 in the short term.

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

Price has broken back above 148.80 so I would think price might be bouncing off this support to head back to 150 again. Since price failed to close below the 4H gann, I think the bull are still in control. Anyways, buy low and sell high. Buy in the ...

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

Very nice analysis. Now only if you have the balls to take the long at 148.20 when you said this, you would have been up 100+ pips by now. BTW, 148.20 is the 4H gann.

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

Maybe GJ won't have a date with 151.50 after all. I would like to see an hourly close below 149 to begin shorting.

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

There's definitely going be some bounce off 151.50. I think it's almost like free money. I'm looking for at least 70 pips on one position and will let the 2nd position ride. Sell limit set at 151.45.

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

If the BOE did a surprise cut of .25%, I think GJ and GU will "crash". GJ is already entering area of strong resistance. I'm waiting for 151.50 to short as well. I just got a feeling the smart money will not take it quite up there but will play ...

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

I think UJ has finished its downtrend as it has formed a daily pinbar and just bounced off the weekly gann. It looks to me like it could be on its way north again. If cable is bullish, then that's a big plus for GJ. We'll see if GJ will fly sometime ...

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

If 143 is broken, then next resistance should be the daily gann at 144. If 144 is broken (if daily candle closed above 144), next target could easily be 151. But first, price needs to break out of this downward channel. If it doesn't break and ...

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

If the upper trendline (blue) holds, then GJ could still falls back down to the low again. But if it breaks, then it will head much higher because this upmove is also a bounce from the daily trendline. Bounces from the daily trendline can result in ...

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

Woot right again . Watch out for a repeat of March 23rd when GJ climbed 200 pips in one hour during Asia. These large Asia moves are rare but they do occur sometimes. I guess the today candle closing as a nice pinbar may have something to do with ...

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

It's possible we'll see price consolidate between 139 and 142 until the end of this month. We might see a breakout either way the first of next month since I've noticed a few times GJ often make a huge move the first of the month.

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