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

Certainly possible, but I'd like to see a bit of a bounce for technical purposes.

hi dear DutchTrader
my point of view is fundamental no technical for GJ below 189.60
because with bad news NFP , we must will see again more risk aversion in the financial markets specially fx market .therefore we will see again fall for GBP and NZD and aud (of course AUD is exceptional )
EUR have a other story

Okay, here's a broader look at what's going on, on a daily chart. . .

A daily close below trendline/monthly/Gann hi/lo support is very bearish for GJ and would see a test of 195.05 support and possibly the lows and lower lows.

If price continues to trade above daily Gann hi/lo, breaks to the upside and gets a close above 203.40 area (resistance) then I think GJ will challenge 208/210 area. . .

My statement still stands in the short-term. . . 4hr chart shows price could be headed toward 200.87 (38.2%) and 199.75 (50%) area on a retracement but should head back 1st to either bounce off the upper fib @ 203.40 area 1st. . .

We will know once we get the new daily/weekly candle to see which way the mom. points. . .

Q,

As usual good stuff

Thxs!

Hussin naiji

I appreciate very much your analysis of daily candle chart. Learned a great deal. Keep it coming

U.S. Dollar

Something to Keep an Eye on ......http://www.learncurrencytrading.com/...ilies/wink.gif !

618 % Line is lending support to the US Dollar for now at least
- a close below 9870 on the 4 hr bars could be a problem for Stocks

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( Double Click on chart to enlarge )

good to see you my fellow bear friend!



i noticed something markam only posts here when the gj is set to go short....
i see his post here today i think i am going to seel all rallies to like 190

I call it the "uh oh markam posted today" indicator lol


more reliable than any other indicator lol

Gbp/Usd

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Here is look at what may be occurring ...........

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Only a Probability ! ....... Not Cast in Stone !

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( Double click on chart to enlarge )

nice chart mark


add that to the news on friday and,.........





now try uj

Gbp/Usd


So much Support at this 618% Line ...........
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The next 2 weeks of trading should be interesting
to see if this line gets violated or not ..........

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( Double click on chart to enlarge )

True...but descending triangles are usually broken eventually which is what I can see

B

Great idea dg, now if someone could code an EA for that, we could backtest it...

nice chart bro . thanks

yep i have been backtesting the "markam checked in" indicator for about ayear now...u may have some drawdown....but it works as well as or better than any other indicator i have tried ... thats y i dont use indicators any more lol

hi dear Jerry
h r u ?

it looks this msg non for me , but anyway iam ok

sorry
i have changed my point of view about GJ from bearish ENGULFING pattern to THREE RIVER EVENING STAR pattern

Bank of England interest rate cut to control mortgage market


by Edmund Conway

Last Updated: 2:13am BST 06/04/2008





The Bank of England will cut interest rates this week in a bid to bring mortgage rates back under control, leading economists said this weekend.



So we will see huge drop!

3 diffrent source with same target.

Central Bank Watch: Likelihood of 50 bps Fed Cut Rises, BOE May Cut Next Week

16:35 04/04 (CEP News) – Three of the major central banks will release interest rate decisions next week, including the Bank of Japan, European Central Bank and Bank of England. Odds are rising that the Bank of England will lower rates by 25 bps, while the ECB is still expected to keep rates firmly on hold on thursday. Meanwhile, a weaker-than-expected nonfarm payroll employment figure in the U.S. on Friday has raised the probability of a 50 bps Fed rate cut this month.


Interest rates set to be cut

Apr 6 2008
Households caught in the fall-out from the global credit crunch have been told to expect a Bank of England rate cut later this week.
City experts said it was likely the Bank of England will cut interest rates by quarter of a percentage point to 5% at its monthly meeting on Thursday, despite the impact that such a move could have on inflation.
It will be the Bank's third rate cut since December, although homeowners have struggled to benefit so far after tighter credit conditions caused nervous lenders to withdraw products and increase rates on many ranges.
Members of the Bank of England's monetary policy committee (MPC) will be concerned the current uncertain conditions could feed through into sharply lower growth in the UK economy.
Howard Archer, chief economist at Global Insight, said he expected rates to finish the year at 4.25%.
"We believe that the increased downside risks to growth stemming from tighter credit conditions, coupled with signs that the economic downturn could be deepening, will lead the MPC to cut interest rates from 5.25% to 5% on Thursday, despite the inflation pressures."


Bank of England interest rate cut to control mortgage market


by Edmund Conway

Last Updated: 2:13am BST 06/04/2008





The Bank of England will cut interest rates this week in a bid to bring mortgage rates back under control, leading economists said this weekend.