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

Quoting auslanco

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ASIAN MARKET UPDATE: FOREX MARKETS CHANGE DIRECTION, NOT CONVINCED BY WALL STREET RALLY
- Asian forex markets change direction during morning session: Asian stocks started the morning up sharply, tracking Wall Street gains, and the renewed risk appetite led to familiar price action. The JPY and USD weakened early while the high yielding AUD gained sharply. After the Nikkei gave back all of its gains, forex markets dramatically reversed direction. The JPY recovered losses across the board while the USD recovered losses against the GBP. EUR/USD could not break through key resistance at 1.3627, with chartists saying that a further decline in EUR/USD is possible if the pair remain below this level. Between 17:00 ET and 23:10 ET: EUR/USD +0.13%, USD/JPY -0.31%, AUD/JPY -0.28%, NZD/USD -0.43%, NZD/CHF -0.69%, USD/CHF -0.24%

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Quoting 1ADB

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Hi Auslanco,
Where do you get your news info?
Thanks

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Quoting auslanco

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http://www.tradethenews.com/

Please mention Markam's name for 10% discount

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Quoting auslanco

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According to Kathy Lein of FXCM, NZD/USD is the best leading indicator for the carry trades. I'm not sure the reasons behind it. Just keep an eye on the pair to get any early clues.

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Quoting auslanco

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According to Kathy Lein of FXCM, NZD/USD is the best leading indicator for the carry trades. I'm not sure the reasons behind it. Just keep an eye on the pair to get any early clues.

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Quoting Hakuna Matata

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hi br

basically D was a point if it goes to --then it will form an almost perfect bearish gartley pattern---meaning price would collapse down fron there

i also mentioned that the fundamentals are too strong for further downside fir g/j and there is a possibility that it might skip D
im going to be ready for any maasive bear run-- which im hoping soon

D is around the 61.8% daily fib retracement--238.83-- but D realistically can be 100 pips above/below that figure
ive got daily 50ema at 237.70 and 100sma at 240.70 (keep an eye on these values if g/j pursues the upward path)
if it does reaches anywhere near D-- im expecting the massive fall to my signature from there--just as what happened in 1987 DOW crash

X-- top of daily fib--100%
A-- bottom--0 %
B-- 50% daily fib retr
C-- 50% retrace of AB

(ps--ive closed my long g/j at 234.20-- ill wait for the nxt signal now)

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Quoting my2buoys

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I remember you saying that in an earlier post. NZD/USD is a slow mover. That to me would be a tough one to judge.

M2B

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Quoting VishalJ

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I'm waiting to go short from the 5sma as well Hopefully we don't have to wait 6 hours for that!

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Quoting fourxtrader

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Let me ride this baby back to the 1 HR 5sma
then I'll join you in a short move. Hope I don't
have to wait 6 hours for that!

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Quoting Pips_Cruiser

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I was able to catch 15 min 5SMA at 23:53 NY time, but it didn't come easy. Short at 233.64.

Ron

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Quoting Pipsy

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Hi all..where's the next support/resistance? Need to recover some lost pips!

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