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

Quoting juliekhan

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when dow will open ?

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Quoting juliekhan

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when dow will open ?

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Quoting gene22

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Ok, this is just a speculation based on the EU/BP, accrding to the chart, pound is going to the shitter for a long, log time, Euro on the other hand will be the currency of choice. This is a yearly time frame, considering what I hear is happening with the real estate there, it does make sense, I would say that in comparison tho the USA that I witnessed first hand they have another 6 months to year to go before signs are going to be more widespread and then another another 6m to 1year before the fears materialise and the housing will crack. This all confirms the divergence on the monthly guppy to 180 area, God if only I didn't have to pay any interest on this pair, I'd forget about this positions for a few years at least.
Wishfull thinking...

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Quoting RookieJookie

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21 mins ago from your post

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Quoting plicksboy

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Yup that is why i dont trade the news,...
They are very unfair,...
I dont see G/J breaking 240.50 today cause U/J targeting 114.60 again,...

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Quoting gene22

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Nice, text book, look at that gap on the yen/usd, don't be fooled it should come down, good news for the us economy means bad news for the dow at the moment, no more rate cuts, good news for the dollar. Dow should continue north today, lets see, took my sell at 239.95, couldn't help myself, will close at 239.05. Too many shorts as it is now, enough

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Quoting my2buoys

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Well, Gene, now it's official. You are my long lost twin brother (I always told my parents I thought I was adopted). I've been posting this Monthly chart off and on for months now, but only recently did I notice the bearish divergence forming as it became obvious that 251 would be a top. In fact, if I may pat myself on the back just this once ala t1t (which I never do), I posted some of the exact same statements you just made two weeks ago in Aus's Weekly Predictions Thread (Posts # 88 and #89).

(Both of the following analyses were posted on October 21)

I have changed my longer-term view of GBP/JPY bullishness, which I thought could last to perhaps even the end of the year. I now believe that bullishness will only last for about two more weeks maximum, based upon the info I have been showing on the Weekly Charts. From a monthly perspective I now see longer-term bearishness based upon bearish divergence on MACD to price, which I hadn't noticed before. Because this is the Monthly chart, I think the bearish reversal will be substantial, though I don't want to make any predictions because we are dealing with the Monthly chart here. By comparison, the 4H bearish divergence we just experienced over the last two weeks has taken GBP/JPY down over 500 pips. You can only imagine how far down Monthly divergence might take this pair. The divergence on this chart is designated with the two purple trend lines. I also am showing two Tom Demark trend lines, one is recent and one is longer-term. The first shows support around 231.75 and the other around 172, which could be a multi-month TP goal for this divergence and overall coming bearish downtrend which this chart seems to be indicating. Of course, the lower trend line will move up with each passing month. By the time price hits it down the road it might be around the 210 area Markam has been forecasting for several months now.

I don't think we'll see 251 again for a long time (I'm talking years if the Monthly chart plays out as I see it).

Here is the updated Monthly chart showing bearish divergence on MACD to price, as well as the bullish trend line which should eventually meet up with price down the road somewhere in the 180 to 200 area. Keep up the great analysis, Gene. You're helping confirm a lot of things I'm seeing.

OK. Enough back-patting and grandstanding. Now back to making money.

M2B

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Quoting karmostaji

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If hourly candle closes below 238.50 then look out below.

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Quoting uncleforex

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Just long @ 238.80 for 241 TP.

SL @ 237.90

Cheers.

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Quoting gene22

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Don't you feel lonely sometimes?!
One of the most difficult things in this field INMO is a psychological factor, to go against the heard, it's nice when you are right, but there are times when the heard doesn't care for anyhting logical and proves you wrong. And you are left with a nasty aftertaste in your mouth. I'm glad you are with me on this

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Quoting uncleforex

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I believe g/j will go up. So becareful shorts.

Better put ur SL @ profit

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