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

IMO yes


covered some shorts at 15625

i'm flat now,we have better news than we up

bad UK figures just out -- "contraction"

covered rest and long at 15615 next orders at 15590 and 15565

market has no action on news

good entry

No reason for it to go up now. . . and with the rate cut no reason for anyone to carry the carry trade pairs. . . We may see risk aversion thus a sell-off in the yen pairs. . .

153/155 looks to be forthcoming, just a matter of time. . . I'm short since 160.80 area and will be holding these until I see this play out. Will add shorts on any topping rally. . .

Good night all I don't expect any surprises 2night, however I do see more downside forthcoming. . .

i agree. the key is a close below 156...

stopped out of my longs.. entered again at 156.26 with a 50 pip stop...

Will probably see a delayed reaction and a break of 156 shortly. . . momentum will probably pick up during the London fixing. . .

Well didn't think it would happen that soon Oh Well! All we need now is GU to break 158 and the momentum will surely pick up. . .

Hey Q! European markets and Dow futures are down. Looks like daily pivot S1 is @ 154.60. I'll see you there!

got two longs now 15615 and 15590

Wish me luck

EDIT now i got all three

15615 15590 15565

SL is 15480

long too,market seems already price in bad new so with the rate cut.

stopped out.....bummer..

- Yep being saying it all night. . .

Yep should see a bounce there to challenge 158 after that and if it holds then 150 next stop but I expect it to be a choppy ride but nonetheless 153.50 then 150 will be the ultimate long-term target. . .

I think since Barack Obama won the election I think the markets will be jittery since his plan is to raise capital gains taxes and reverse the Bush tax cuts could have some effect on the market short-term. . .JMHO!

Price is about to close below 4H Gann. IMHO, GJ will go further down if we really close that 4H candle below Gann considering QQE is already crossed down earlier.

Edit: My target around 152 which is LTL of 4H bull flag

no momentum = false breakout IMHO

A rate cut is bad news for GJ as the interest differential between it and the yen will shrink and no reason to carry the carry trade pairs which is the only benefit.

One could the short the pair with minimal interest paid so a sell-off should be forthcoming. . .

There is hourly resistance on Uj @98.38 area once it is taken out we will see GJ tanking as 4 hr gann is violated too..

GU h4 close blowe gann and qqe had crossed over down rsi is <50 in all time frams and news were bad so an disaster for jpy send gbp/jpy up
what is it?

I see the stoch on your charts heading south and I also see 5 waves starting at 165.XX on your chart. Price appears to be in the 5th wave down. I also see lower lows every step of the way on you chart last being at 153.50 area. . .

I also see lower highs 165.XX, 163.XX and the last one being today's run-up at 161.70 area. When the run-up occurs I see 159.50/158.50 as resistance as it was support on the way up. . . 158 happens to be the daily pivot right now so a close below it will put downside pressure to S1 @ 154.50 as Pip Cruiser and have being saying. . . A break there will see price at daily S2 @ 150 area. . .

The 5th wave should end lower - looking at wave 3 which was a 1,000 pip fall, taking the last run-up @ 161.70 area puts the last wave @ 151 at a minimum as the 5th wave is typically the longest wave so I see 150 or below. . .

Price has already fallen 500 pips so another 1,000 is like a walk in the park for GJ - JMHO of course. . .