news — This particular piece of news from the UK should be very bad for the Pound. It effectively means the UK government is borrowing even more money in order to kick start an economy which most analysts believed was already in recovery. But, ...

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

UK News — Basically, the BoE are printing an extra £50 Billion, when their agreed ceiling was for an extra £25B. It would be very interesting if the data from the US today was bad.....

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

??? — ES not moved and FTSE rising. We won't be seeing sub 160 at this rate.

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

Buying small positions... — I hope everyone is buying..? If this news doesn't help Sterling fall hard, then watch out above. ES hasn't moved.

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

BoE Decision — Not sure just how much medium term movement we should expect from this decision today. ES still holds the key longer term, so it's worth keeping a second eye on that while Sterling does it's thing. As long as ES maintains it's ...

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

Looks like.... — .... the Waddah Explosion modified.

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

Whipsaws — There's likely to be a whipsaw or two in the run up to the BoE decision today so watch out. Everyone is waiting for 12:00 BST, so there's a good chance we will see a move before then.

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

GS software — I like the irony of this story; Goldmanars are worried about this software being used to potentially manipulate the markets. Anyway, we're back in Daily channel after briefly falling below. We will need to break out of the ...

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

Yep — It's what I'm waiting for.

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

lol — Smart ass. You know what I meant.

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

I've seen this before.... — Now, it's very unfashionable, (and costly), to be screaming short so I won't, but we have a succession of lower highs formed on AY and ES just holding support above 1000. I also get the feeling that a pretty major ...

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

Hmmm — ES still falling steadily. I think a break lower is very possible. Reasonable risk/reward I think.

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

Mark Up — ES ripping up post market, has all the hallmarks of a mark up, while GY staying steady. People getting ready to short this sucker.

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

Shampoo on 30m? — I'm no expert on this particular pattern, but is there a faint hint of a H&S on the 30m GY chart? (Also AY). Providing we don't break yesterday's high of course...

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

Not sure... — That's some prediction. I posted the other day a bearish alternative to all the bullishness around, but to be honest I don't really believe major bearishness will play out. Too many people have too much to lose. There is a ...

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

Nope — I'm not actually. Too much bullish sentiment in play now for this to retrace that far. JMHO of course.

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

Phew... — That was quick. Not far away from a reversal now IMO. These sudden moves are often retraced. Also, resistance between 160.00 and 160.30. We'll see......

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

An alternate view.... — With all this obvious bullishness, I thought i'd post some alternative thoughts.... 1hr chart. Gann + QQE indecisive right now. After the retracement from the US GDP data, it looked like some selling kicked back in at ...

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

Yep — Yep, other Yen crosses have fallen quite sharply while GY has held up. It looks like every attempt to push GY up has been sold into so far and 158.60 now seems unlikely today. Once Yen buying pressure kicks in, GY should follow the other ...

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

Buying — buying small positions all the way down. ES hasn't continued down, but we should see another spike lower at the open. After that, pros will buy IMO. Last 5m GY candle signifies some buyers.

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