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

this could be a doji forming on my 4 hr chart--fxdd

speaking of 50 EMA again---on GU 4 hr chart-- bang on retracment from 50 ema
use it and abuse it !!

231 is broken. placing a minor short trade.

EG

The break at 231 saw a pullback toward 231.55 but did not create a higher high. then saw it attacking 231 level again.

I placed my initial Short trade under this level ( enough and covered till 236.50 ). Price must not go beyond 236.27 to make my counts wrong.

Could be headed for that long awaited 4HR 5sma retrace.

You can put almost any moving average on the screen and you'll see it bounce off it regularly.

if .60 is broken this should fall rather nicely. imo

Hmmm...

Must be working on the 4hr 5sma retrace...

The pair is seen to retrace to 50.0% fibo level in 5m chart and to 23.6% fibo level in 15m chart... Bearish divergence is seen... Although fundamentally the GJ is Long biased, it will be better to wait until the end of this retracement

what happens if its breaks?

Aus....i am looking for the retracement to 4hr SMA, b4 go long... now sitting at 230.43. What do u think?

Sterling Outlook
03:54 GMT August 22 GBP/JPY closed in NY at 229.80, on its highs for the session, and Asia has continued the one-way trading pattern, trading immediately higher to a high of 231.50 where the 38.2% retracement of the recent major capitulation lies. Cable has been similarly well bid, opening at 1.9935 and trading in a 1.9919-75 range, closing on its highs at time of writing. EUR/GBP has been quiet in a .6785-.6801 range. Stop loss buying and the return of the carry trade has been the order of the day and more of the same is likely in coming sessions unless the debt and asset markets get some more bad news.
Selling interest in cable is noted around the 2.0000/25 window with bids now at 1.9880. Interest in EUR/GBP is muted with corporate bids ahead of .6775, trader stops below .6770, and offers at .6820/25. Most action is likely to be seen in GBP/JPY and traders seem to feel that a break above 232.00 will open the way up for further gains in the short term. Though there seems little reason for this GBP/JPY rally to stop right at this 231.50 Fibo level, if it does, it will be technically very bearish for the pair. [email protected]

I've been short since 231.09, locked in 20 pips.

I think it will be wise to wait for Fukui speaks. The pair will enter a consolidation mode up to the speak. So, wait and see...Another option is scalp the market, but it will be dangerous since you still don't know where the pair is pointing to...

is he speaking right now? or in 1 hour?

5M QQE crossed

lost on previous long that broke 231 on the down side.

but profitted on a short based on the retrace on the upside.

I realized it retrace 38.2 % forming a flat corrective wave that was why I immedietely exited my 2 short trades that became scalps.

Anyway, I am back to being Long and have my sights on 235.5

EG

is there a way to know what Fukui is saying? a website to go to?

VT H4 momentum indicator pointing up and MT H4 pointing down on my WHC Trader platform.

6:30GMT - in about 45mins far as I can tell

i think now the GJ shoud go in its 5th wave if i am counting the right wave

i shot here may be i will right this time targets are filb expention levels