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

Quoting lilmoe

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what do u see when u look at UJ bro?

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Quoting Scrat

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i think the same way.
i wanted to show everyone 2 charts: a daily and an h4.
the main direction is clearly UP on daily, look at macd lines and look at the trend line.
now take a look at h4: we are clearly during a retracement; there is a huge hidden bullish divergence, and price just tested the same trend line it broke yesterday. it is also at 38.2 fibo... so my guess would be to watch closely h1 and enter on a regular bullish divergence confirmation.
i don't think there's much more room down from here. it might as well range for the next couple of days, but my opinion is that we will see 216+ until next week.
i will become bearish when i see the daily trend line broken. otherwise, i will keep buying dips.

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Quoting lilmoe

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here's more cable for ya
nice bullish flag with target to 2.022x

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Quoting OrionsWay

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here is cable bigger view daily, broke back into old channel

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Quoting Scrat

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i don't trade u-j. but looking at the charts i would say up.

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Quoting vinesh2

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I think 213.80 region would be a good place to short again 5SMA on 4HR and DAILY

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Quoting ephisi

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iam waiting for long signal. No more shorts for now, everyting is getting oversold. dont be greedy

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Quoting ephisi

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\

\thats the effect of bullish divergence.
ass karmo does it. |Go long first position on 15min crooss up and confirm on qqe and gann.

second position 1hr cross up and confirm.
Lets wait and see.
That was a quick 50pips spike

Lilmoe what do u see?

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Quoting karmostaji

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I'm expecting a bounce from here, if it breaks then 212 should hold

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Quoting lilmoe

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i wouldn't go long now, but i would add more shorts at 213.70. THAT's JUST ME! trade what u see bro!!

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Quoting lilmoe

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i do see that divergence, but i will wait for a 1h close above gann to close my shorts. if i get a trade signal buy, i'll take it. i'm not saving any singals anymore... but i'm prefering shorts at the time. that daily candle close was below 213.70 and i think it's bearish engulfing. we don't see those lots on GJ.

daily 5sma at 213.80 and new DP at 213.90. i might load shorts again from there, but i'll wait for confirmation.

GJ was following cable mainly earlier yesterday (my time). i don't see why it wont follow UJ when i think UJ is going down to 106.4x at least. bearish divergence confirmed with a closing price below gann on my 4h chart, also 3.5 hours more and we'll get a qqe cross. i have a TL on CCI, and if that's breached i see NOTHING in the way of this falling down. 1 more level UJ has to take out on the 4h too though: 107.75 which i think is key.

here's a chart.

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Quoting alsup1955

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Massive layoff to come.
AUTOLEVE IS LAYING OFF 3000 WORKERS. GM many thousands, Ford, Chrsler, thousands. 600 Starbuck stores closing, and many, many other companies to close
U.S. home prices fell at the fastest pace of the year in May: According to the U.S. government’s latest report, the decline in home prices is still accelerating, suffering its biggest plunge of the year. Meanwhile, the National Association of Realtors, reports that sales of previously owned homes is now expected to be down a staggering 24% from its highs.
https://www.investingshop.com/report...s/red_box2.gifForeclosures have just hit a new all-time high: Homeowners — millions owing more on their houses than they’re worth — are abandoning homes at an ever-increasing rate. The Mortgage Bankers Association reports that one in 40 homes is now in foreclosure, a new, all-time record high. Worse: A record one in 16 mortgages are now delinquent, pointing to an even greater surge in foreclosures dead ahead.
https://www.investingshop.com/report...s/red_box2.gifBanks are bleeding red ink: Washington Mutual, the nation’s largest Savings & Loan, announced that it lost a whopping $3.33 billion in the last quarter — much worse than analysts expected. The bank also announced that it expects total losses to top $19 billion that it’s increasing its loan loss reserves to $8 billion, and it will cut up to $1 billion in expenses just to stay afloat.
Meanwhile, Wachovia announced its revenues plunged 14% and that it lost a staggering $8.67 billion in the last quarter — also far worse than analysts had expected. In knee-jerk self-defense, it’s laying off 5,350 employees and sharply cut its dividend.
How can the dollar be getting stronger??????? I'm confused

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Quoting alsup1955

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Massive layoff to come.
AUTOLEVE IS LAYING OFF 3000 WORKERS. GM many thousands, Ford, Chrsler, thousands. 600 Starbuck stores closing, and many, many other companies to close
U.S. home prices fell at the fastest pace of the year in May: According to the U.S. government’s latest report, the decline in home prices is still accelerating, suffering its biggest plunge of the year. Meanwhile, the National Association of Realtors, reports that sales of previously owned homes is now expected to be down a staggering 24% from its highs.
https://www.investingshop.com/report...s/red_box2.gifForeclosures have just hit a new all-time high: Homeowners — millions owing more on their houses than they’re worth — are abandoning homes at an ever-increasing rate. The Mortgage Bankers Association reports that one in 40 homes is now in foreclosure, a new, all-time record high. Worse: A record one in 16 mortgages are now delinquent, pointing to an even greater surge in foreclosures dead ahead.
https://www.investingshop.com/report...s/red_box2.gifBanks are bleeding red ink: Washington Mutual, the nation’s largest Savings & Loan, announced that it lost a whopping $3.33 billion in the last quarter — much worse than analysts expected. The bank also announced that it expects total losses to top $19 billion that it’s increasing its loan loss reserves to $8 billion, and it will cut up to $1 billion in expenses just to stay afloat.
Meanwhile, Wachovia announced its revenues plunged 14% and that it lost a staggering $8.67 billion in the last quarter — also far worse than analysts had expected. In knee-jerk self-defense, it’s laying off 5,350 employees and sharply cut its dividend.
How can the dollar be getting stronger??????? I'm confused

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Quoting TiaForex

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Let me see if I can work out your reasoning here Karmo

212 because it's the confluence of the 50% ret of the move from swing high 230 and the 38.2% of the move from the other swing high at 241.34 as well as the resistance level of the last big range which should now act as support. Am I right?

212.88, which you mentioned on another post, I'm having a harder time seeing.

Thanks.

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