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

Quoting Scrat

Disliked

so karmo... did you punch your screen yet ?

Ignored

Quoting DutchTrader

Disliked

UK's Telegraph opines that [CHINA] has taken a more stealthy approach towards intervention and has indeed actually stepped up its operations in its currency mkts. Rather than direct dealing the press speculates that China is using its own commercial banks as a means to influence the level of the Cny. This with these banks now themselves accumulating large Usd reserves following several sharp rises to the PBOC's reserve requirement which has leapt to 17%. PBOC has also slashed the amount of foreign debt banks operating in China can hold. Said in effect to oblige these banks to become net Usd buyers. Private analysts suggest that China may have intervened to the tune of $50bln in June alone. Total reserves stand near $1.8tln, and the covert demand for Usds is now getting fingered as a factor in the Usd's surprisingly strong run of late.

Ignored

Quoting worlhin

Disliked

what are the possible good price to short again? any opinion?
from what i see, 61.8% of from the top to bottom of today is 201.98.
Is it a good price to short again? Anyway the price went there and now at 201.8 area...
just managed to reach home btw...

Ignored

Quoting Rustyyy

Disliked

Also right where 1HR Gann is located.
I took another short here, right at 202.00.
So far so good but may close before 2:00 PM EST.
FOMC minutes could be interesting.
Although it might help the shorts by TANKING the USD/JPY which is a joke lately....

Really should see 200.00 before anymore up moves occur.

Ignored

Quoting lilmoe

Disliked

for those thinking long....

1) 4h qqe crossed back down
2) we are still below 202.60
3) if this daily candle closes below 201.40 (61.8) then that's it for longs.


see ya guys at the bottom!

Ignored

Quoting worlhin

Disliked

hi, can kindly enlighten.
What so significant abt 202.6? is it a s/r for this 2 days?
why when it close below 201.4 then long? shouldn't it be short?
sorry... still new...

Ignored

Quoting lilmoe

Disliked

202.60/50 was the price that stopped the 1k pip bear that started at 213.90 so it should be pretty tough, and it was, now turned into resistance.

i guess my language was poor. "that's it for longs" means it's "over for longs" shorts would be in play.

we do have a 4h pin, but i'm not sure how significant it is. we had longer pins with no significance in the past.

i'm showing a lower TL of a falling wedge (which should mean reversal, but my gut feeling says it's not going to interrupt this downmove), and if it's broken to the downside on a 4h level, then we should shoot down to 199.78 then 198.

we have ALOT of support all the way from 204 to 198, afterwards there won't be any significant support till 192 so if 198 (which also coincides with a fib fan) is broken with descent volume, that would be the easiest 500-600 pip short u'd ever make

good luck all!

Ignored

Quoting freed123

Disliked

Hello all

Do you expect one of a pair Machristdt pound / yen, especially after the FOMC news today, and thank youhttp://www.forexfactory.com/images/icons/icon5.gif

Ignored

Quoting worlhin

Disliked

What do you meant by "Machristdt pound / yen"?

Ignored