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

Here is a different perspective (Daily Chart for u)

5 SMA has crossed Gann hi/lo and 55 EMA Close. . .
ZL Stoch has crossed and is heading down (this will play out)
ZL MACD indicates lots of room to move down
Multi-Mom below Zero line with lots of room to move down...

If there is a retrace (big if) here is what I see. . .

Resistance ar'd 203.50 (failed there earlier in NY session)
If it manages to close above there next resistance ar'd 204.10/15 area
Above there is massive resistance (55 EMA/5 SMA) @ 204.75/80 area. . .

There maybe a slight pull back but if there is it will be limited at best and a good place to enter short. . .

Good night all talk with u next week =

Daily, H4, H1, M30 and M15 price all below the Gann. London session will see 200

H4 close below Fib 38.2 ...

1st target 200.60
2nd - 198.77
3rd - Free fall

Looks like UJ could lead the way. . . (UJ Daily chart for u)

Break of 55 EMA/103.16 support = 1st target 102.65/70 area. . .
If it holds then back up to at least 104.40/65 area. . .

Cheers. . .

GL shorts

Weekly trend is down, should fall very hard.

First built this chart at a'rd 5-5:30 this afternoon. Daily shows a 2.62 price right after the 5pm close of the daily. Updated daily inset shows current daily price of as of midnite-ish a'rd 2.31

By 6pm or so the weekly price had already climbed to 2.91 as the other inset shows, on it's way to bounce off session high of 3.26, also the daily pivot.

As of about 12:30am CST, price has dropped a further 30-40 pips from the open, and 70-80 from session high, and well below Weekly M1 of 202.80, and dropping still as i speak.

Nikkei currently down 300+ points and closing soon. No major news coming up that should rattle things too much. Unless I'm missing something, I'm not seeing the longs here.

London will bring this beast to 200...

I hope london would send its' father, GU with it over there.

good morn for all
good luck for all

Let london send all GU, GJ family over there...

Wave 5, Just to inform weekly also show it will bring GJ down, below 192

Yesterday price : 203.37
Today : 201.73

Morning khaled

good job BEAR camp!

muraymath..price at reversal point..20156!

settle for whatever on the table?

pophttp://pic50.picturetrail.com/VOL400.../316577843.jpg

ya allah
hi traders

salam hussin..

bear camp still winning!

allahhafiz!

pop

Both GU and UJ had similar sell signals from their respective DZs - the best sell for GJ was - as is often the case - off the 50% level. However, it was the Frankies hard selling of cable that triggered the swift drop from 6am GMT.....now UJ's pulling it back up.....I've already closed my short, cable could also bounce from its 500 level....TWT

Yes, right now bear is awake

Maybe, this time, its up to GU where this goes. It could either range from 1.95-1.9520, or break out. UJ is going down that's for sure though.