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

4h QQE has crossed up but price is still trading below 4h Gann hilo, it's an indication of bearish continuation.

Sit tight and have some patience

You are right...Lookout Below...

Below the Gann Hilo
Descending Formation
QQE still in a downward trend
overall trend is downward
Expected PMI in the past are below 50

You be the judge!

every now and then when we get a fakeout and many change their attitude to long. asian session was pretty fake. drop to the beginning just to reverse and fakeout above yesterdays close + pivot where even the last bulls standing became reluctant to act..and we dropped back to the sushi session low. at least the asians had the chance to add shorts at overvalued prices.
i just can say it again, a bear market always runs longer than you think , even tough when exchange price is at 0.80 this does not necessarily mean it must rise. long scalp mode only. wait for 192.40 break...this thing will drop to 189.75 area when we break that. 192.40 is next appointment for lilmoes crapper to appear

gbp pmi news will supposedly be better than expected to confirm the short view. if thats the case, i'll use the spike to change to my dirty little smelly bermudas, again. (been wearing them since a while, no time to wash ) very bad news might be a first indication for us that price might try to prepare for reverse mode in the near future.

on the 60 this is the fourth time gj is forming a bottom in the current area. let's see what happens. price pretty much linkes to hang out near the lows, like it often did during this drop. i suppose we might see a retrace up to 60-80 area during news (if they are good..) to prepare for an rundown of this area. i don't thin kthere will be much action before news.

approach for trading asia.
see action above YC and DP. trading action decreased. higher prices gave bulls the chance to come out and play. but they didn't, see low vol and crappy bars after the rise. blue rectangle.

white rectangle shows two top reversals. the first one over two red bars. the second one beginning with a low vol up bar(test,alert), followed by a higher vol down bar.

my daily analyze (@ this momemnt), seems we are going to 109.60
gut lak all!
ps. i'm waiting (without position) dont trade from weekly pivot

Short at 192.90 and going to sleep

From GJ price action at the moment, we can see GJ not depend anymore to UJ movement. The movement of GJ now is depending on GBP. Lot of negative news on GBP will bring GJ down below 192.

morning all

cable might bounce from here

Morning bro.

i think the gbp/j is going to cross the lines breaking 1.9260 today.
i think it would be a good chance to go for a dive with the beast and get some money.


the cable is going to test 1.7400/7200 area ,which are my new targets in the long term.

hope you all the best luck ever.

it still HOLds

Break please

do we have a break now just kidding

this isnt a Break ..this is a BLAST

good morning Traders

need a break of 192.42 and then we'll be good

make a call to G.Soros, he help you...I think!

Already break it....GJ already break last support 192.42, last defence for GJ. Hi to 18X.XX

Dont get carried away with breaks gents, news is coming up these breaks mean nothing for now

posibly news has leaked. thats why it has moved before news. strange or is it a trap

yep 1 more min until we know for sure

the news came out good :'(