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

Hi shahroodi

what your idea about how it can go down?

can we see 202?

attention SKILLWILL
if you have seen my post no:158 in the daily candle chart usdyen ,when was 99.90 , i wait for a three inside up till 101.70
even you must see no:159 that i have pointed a hammer
on the other hand
if you have seen my post no:156 in the daily candle chart GJ (WEEKLY CANDLE )i have pointed a inverted hammer when was 197.70
but now
1-GBPUSD has gone up ,that this was recent uptrend since past three days by reason increase bond-10 year UK (4.40)ratio USD
2-of course now this uptrend is stopping by reason balance bonds (10year)
and even we see that GBPUSD tested 61.8 fib
3-USDYEN is going up .that was this recent uptrend since past three days by reason a small jump in the DOW
now see candlestick analysis GBPUSD - USDYEN -GJ
date 04.02 we see a long blue candle with long read body (117 p).this candle the more bullish the implications but still this is not consistent with the prevailing trend.
at any rate ,bearish power is diminishing then we see a long lower wick with real body (67 p).
we must have attention for this candle:
A-real body is diminishing ratio previous day
B-this candle is a false hammer
but today , we see a blue of bozu with a small real body (39 p)this show us that bullish opwer is diminishing
attention :we have see similar this movement date 3.24
in the daily candle chart USDYEN we see a shooting star provious day . we know that a shooting star pattern is a bearish reversal pattern but with low reliability .we must wait for a red candle that will give confirmation for fall.
in the daily candle chart GJ NOW i see a harami pattern maybe then will see a kabuse pattern
on the other hand
even we must see to futures prices GBPUSD and USDYEN and GJ for JUN

for bearish camp
April 3 (Bloomberg) -- Bank of England policy maker Paul Tucker said the central bank should only cut interest rates ``gradually'' as it tries to counter both a jump in credit costs and the threat of faster inflation.
``The broad policy strategy is to offset some but not all of the adverse shock to demand from tighter credit conditions,'' Tucker, who is also head of markets at the central bank, said yesterday in a speech in London. ``And to do so by changing bank rate gradually and with transparency.''
The Bank of England is under pressure from executives and former policy makers to cut rates as soon as next week to cushion the economy from a credit-market rout that's threatening to halt the U.K.'s 16-year economic boom. Tucker said the bank will tolerate slowing growth if it means getting a grip on inflation, which it predicts may accelerate to a record.
``This approach probably means allowing a degree of slack to develop in the economy, in the interests of avoiding taking risks with inflation on the upside,'' Tucker said. ``My own vote at the April meeting will depend on all the data, some of it still to reach us.''
The central bank, which has cut its key interest rate twice since December to 5.25 percent, is scheduled to announce its next rate decision on April 10.
Bank of England policy makers have refused to follow the U.S. Federal Reserve's faster pace of rate cuts. The Fed has lowered its key rate 3 percentage points since September, including a 75 basis-point reduction last month to 2.25 percent.
`Behind the Curve'
DeAnne Julius, a former Bank of England policy maker, said in an interview on March 27 the U.K. central bank was ``behind the curve'' in refusing to lower rates more quickly. Philip Green, the billionaire owner of British clothing retailer Arcadia Group Ltd. told CNBC the next day that rates should drop by at least one percentage point.
Banks have remained reluctant to lend to each other after posting $230 billion in writedowns and credit losses from the collapse of the U.S. subprime mortgage market. The logjam has resisted central banks' efforts to pump extra cash into the system, with rates for three-month loans in pounds yesterday close to the highest since December.
``Whatever path monetary policy takes in the U.K. in the months ahead, it is clear that the process of de-leveraging in the financial system is not complete,'' Tucker said. ``There remains a risk that credit creation -- the lubricant that the financial system provides to the real economy -- will be further impaired.''
Fewer Mortgages
The logjam is already damaging the U.K. property market. House prices fell in March for a sixth consecutive month, Hometrack Ltd. said March 31. Mortgage approvals fell in February close to the lowest level in at least nine years, central bank data showed yesterday.
``Many borrowers seem to have been willing to pay extra,'' Tucker said. ``In consequence, banks generally may not have achieved their desired conservation of balance-sheet capacity, and we are now seeing the withdrawal of some lending products.''
Nationwide Building Society, the U.K.'s third-biggest mortgage lender, said March 27 it will stop offering four of its two-year loans and it raised rates on its other products by as much as 0.57 percentage point.
Growth Risk
Tucker said that there is a risk that economic growth will slow ``considerably'' because of the credit squeeze. He said that usually, the central bank would be cutting interest rates to offset the impact, an approach which it cannot take now because of the risk from inflation.
``The immediate cost pressures are worse'' than when the central bank published quarterly growth and inflation forecasts in February, Tucker said. ``In the near term, CPI inflation is very likely to rise to materially above our 2 percent target.''
Tucker said that ``a big question'' the central bank faces is the extent that competition among retailers will blunt the effects of higher prices as they offer discounts.
There are still ``downside'' risks to inflation because credit conditions are ``unambiguously tighter'' than two months ago, Tucker said. He said that financial markets may now be overpricing risk on some products, and that banks have so far shown reluctance to recapitalize their balance sheets.

Thanx Dautch I stayed in and some profits

S1 : 20240

S2 : 20062

new 8hr candle and momentoms

ps:this post is with confluence of my 1000th post in FF

some crazy price action today

seems like UJ n EJ start moving up..
so now at exactlly TP for GJ?
im choose 204.++
how about u guys?

Q,

R u in here?
I went short @203.75 ~204.25ish last night.
closed out couple of positions for +50 ~ +60ish pips this morning.
Thinking to let the rest run until 194.60ish and 192.xx with SL +1 pip. If there is a bounce @ 201.80ish then I would re-evoluate. Any comment would be much appreciated. Thanks.


PS. The previous trade I took 2 days ago was a mess because I fell a sleep.
went short targeting for 202.75 (was thinking of going long from there, but forgot to set TP.)

Still short from 204.4 and holding

possible but how about that candle, doesnt it screem bear to may be 199.

Yeah, you did smell blood, bull blood.

This will so shoot up..;

Don't forget, it's the beginning of the month, and the bad news season may be over;;

I also got a ticket for this ride at 204.5 I think we will get a pullback to 203.60-75 and then down again.

Bless

Yep, I'm short and will continue to be so. No indication for a reversal, the DJIA is bouncing a bit but I look for that to close down as well.

Nah, it is the Bull "Shit" that smells.

Well you know we are in a "Bull(shit)" market :rofl

Yeah I agree. I am also trying to see what will stop this thing from making new lows from here in coming weeks. Anyway, I will hold this short over the weekend as I anticipate an imminent breakdown breakdown to at least the bottom of this line.

Bless